- According to some crypto analysts, EverGrow cryptocurrency could outpace altcoins like Shiba Inu and DogeCoin.
- EverGrow Coin allows holders to earn a reward of eight per cent from every transaction in BUSD.
- EverGrow crypto crossed the US$ 200 million mark in terms of market capitalization on Tuesday, October 26.
The EverGrow Coin (EGC) is shattering all previous crypto records as it reached 30,000 Holders after getting launched last month. In addition, according to CoinMarketCap, the EverGrow crypto crossed the US$ 200 million mark in terms of market capitalization on Tuesday, October 26.
At the time of writing, EverGrow's market cap was approximately US$ 203 million, and its price had catapulted by 16.4 per cent in the last 24 hours to US$ 0.000000415 per token.
The cryptocurrency seems to be getting attention from crypto enthusiasts due to its revolutionary rewards system. Let's find out more about the digital asset in this article.
What is EverGrow, and why is it gaining popularity?
According to some crypto analysts, EverGrow cryptocurrency could outpace altcoins like Shiba Inu and DogeCoin. Furthermore, EverGrow is a deflationary token that will become scarce over time and holding the EGC token would generate passive income in Binance pegged BUSD.
The unique rewards system allows holders to earn a reward of eight per cent from every transaction in BUSD. Meanwhile, four per cent of each transaction is transferred into Liquidity Pool for Pancakeswap to maintain a stable price floor.
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Image Description: EverGrow crypto price prediction
The platform claims that if a trader manages to get one trillion EGC coins, and the market cap increases to US$ 500 million, Holders could earn a passive income of US$ 1.66 million per year if the digital asset's average trading volume is 5 per cent per day.
The project works through liquidity generation protocol and autonomous frictionless yield farming.
The EverGrow platform is based on innovative features, and one of them is the multi-buyback feature. This feature reduces the token supply by buying the EGC tokens from exchanges and then permanently removing them from the market, thus positively impacting the token price.
On October 12, 2021, the EverGrow Coin clocked an all-time high (ATH) of US$ 0.000000540924 per token, about 24 per cent higher than the price at 6 AM EST.
The price movements indicate that the EverGrow crypto could remain in a bullish zone for the remainder of this year and surpass the ATH.