Why is EverGrow (EGC) crypto getting attention?

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 Why is EverGrow (EGC) crypto getting attention?
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Highlights

  • The EGC token has more than 100,000 holders
  • It gave a return of over 913% YTD
  • The token has reached its all-time high on November 1, 2021

The year 2021 has been a boon for the crypto world. Various cryptocurrencies have reached their all-time highs this year, as the investors have turned their focus towards digital currencies. The two names that come to mind while talking about the crypto world are Ethereum and Bitcoin.

However, various other cryptocurrencies have gained traction recently. There are various meme-cryptos that have rallied this year, as investors have cheered the digital currencies.

The EverGrow (EGC) crypto was launched in September this year by a team of experienced finance, blockchain, and marketing professionals. The project also marks its unique place by paying a stable currency to its holders. Meanwhile, in a short time since the launch of the token, the holders of EverGrow Coin have received more than US$30 million of Binance-pegged USD rewards, i.e. a regulated and stable currency pegged 1-to-1 with the US dollar.

Also Read: Are these 7 utility stocks poised for another year of growth?

Notably, the EGC token currently has more than 100,000 holders. The market cap of the coin has reached over US$1 billion after its launch, but soon a major data error on CoinMarketCap has caused panic among the investors. Considering the volatility and uncertainty of cryptocurrencies, a new token or coin takes time to build a reliable place amongst investors. Meanwhile, due to the panic, EverGrow plunged to below US$300 million in valuation over the next month.

On December 11, CoinMarketCap put an alert on EverGrow's page, affirming that the data error is fixed and following that, the EGC price is now stabilized. However, it is still far below the highest level it reached before the error.

Also Read: Veritaseum (VERI) token hits all-time high - Know Why?

The data error EverGrow Coin has been fixed on the CoinMarketCap platform

Source: *Data provided by CoinMarketCap.com

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Pricing of EverGrow (EGC) Coin:

The EverGrow (EGC) token was priced at US$0.0000007582 at 7:04 am ET on December 13, up 8.95%. It has a market cap of US$371.91 million and a fully diluted market cap of US$758.15 million. The last 24 hours' volume of EGC was worth US$2.24 million.

The 52 weeks highest and lowest price of the token was US$0.000003379 and US$0.00000005841, respectively. It has reached its all-time high of $0.000003379 on November 1, 2021.

The EGC token gave a return of 913.52% YTD.

Also Read: Top cryptocurrencies that led conversations on Reddit in 2021

Why is EverGrow (EGC) crypto getting attention?

Bottom line:

The deflationary token provides an 8% reward to all the EGC holders for every buy or sell transaction in Binance USD (BUSD), from which 3% is sent to the buy-back wallet while 2% is transmitted into the liquidity pool for Pancakeswap to create a stable price floor. The EverGrow team has already launched a SWAP dApp on their website and revealed the upcoming release of a crypto wallet, that is expected to have a range of advanced features.

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