Shiba Inu (SHIB), Ethereum, Dogecoin (DOGE) and EverGrow Coin (EGC) up 15% this week – Do you know why?
by Analytics Insight
March 1, 2022
The crypto industry struggled to take off in 2022. Skyrocketing inflation at the start of the year saw analysts tout cryptocurrencies like Bitcoin as the new “digital gold” for hedging investments. But the Russian invasion of Ukraine and news of crypto regulations saw the crypto market fall below $2 trillion and stay there until March 2022. The crypto market is currently valued at $1.96 trillion.
After the outbreak of war in Eastern Europe, the market reached just over $1.5 trillion, many analysts say the “bottom is in” Bitcoin. From now on, things might get better. While most of the top 20 cryptos are up 5% on average over seven days, others like Terra are up 74%.
In this article, we’ll look at the fastest growing cryptos entering March 2022, as well as how cryptos like EverGrow Coin, Shiba Inu, and Ethereum could see significant gains in the coming year.
Shiba Inu (SHIB)
shiba inus has quickly become one of the internet’s most popular cryptocurrencies after posting massive gains in the last year. So far, 2022 hasn’t been so kind to Shiba Inu, however, currently up 12% over the past seven days. Shiba Inu saw new merchant memberships earlier this year and many developments, including the Shibarium metaverse, are expected in the near future. SHIB is currently trading at $0.00002779.
EverGrow Coin (EGC)
EverGrow Coin is one of the latest cryptocurrencies on this list, launched in September last year. But EverGrow has caught the eye with the impending rollout of Crator – the world’s first integrated crypto social media platform. The team developers have announced that all profits from Crator will be used to buy back and burn (BB+B) EverGrow Part tokens in the market. This will drive up the price of EGC (currently at $0.0000005497) while creating Binance-pegged US Dollar (BUSD) rewards for investors and distributing $34 million BUSD to its holders along the way. EverGrow is up 22% in the past seven days.
Ethereum is the second largest crypto token by market cap. Bitcoin and Ethereum’s ETH are up over the past seven days, with ETH see a 16% increase over the week. Ethereum’s market capitalization fell below 20% for the first time in 2022, although further updates may see positive growth still to come. ETH is currently trading at $3026.
the LUNA Terra’s token is currently the fastest growing among the top 20 cryptocurrencies. Its symbolic price rose by 73% last week, according to CoinMarketCap. The price is currently at $91.65 from a low of $48 just over a week ago. Terra is a blockchain protocol using fiat-pegged stablecoins to power global payment systems. LUNA stabilizes the price of protocol stablecoins and holders can vote on governance proposals.
Dogecoins Market capitalization has fallen sharply from over $20 billion in early February to around $16.5 billion today. DOGE fell in the crypto rankings to 13th place, just one above Shiba Inu, according to CoinMarketCap. Dogecoin has seen the price of some pumps this year – particularly after Tesla CEO Elon Musk announced that a Santa Monica boost station is now accepting DOGE – but this coin has a loyal fan base eager to see the growth. DOGE is currently trading at $0.1251.
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