Crypto Shiba Inu and EverGrow Coin on the verge of a precipitous fall? – Mag Mirror





Shiba Inu and EverGrow Coin could be nearing a significant “break out” according to cryptocurrency analysts.

Shiba Inu was one of the best cryptocurrencies to invest in last year as its price soared 46,000,000%. EverGrow Coin is tipped to be a top crypto asset in 2022 as its development team prepares to add a number of new applications to an impressive ecosystem.

EverGrow Coin announces two major drops that will push the price of the token up.

EverGrow Coin has been one of the fastest growing crypto tokens this month after listing on the stock Exchange cryptographic DigiFinex. EverGrow Coin’s price soared 20% within hours, matching the rise in Shiba Inu’s price after it was listed on cryptocurrency brokerage Robinhood earlier in April.

The listing on DigiFinex has increased the daily trading volume of the EverGrow coin sevenfold, steadily hitting over $3 million over the past few days. On the same subject : Cryptocurrency Price Prediction Today: Ethereum, Crypto.com, and Bitcoin. This is an impressive volume for a cryptocurrency token with a modest market capitalization ($200 million). The 24-hour trading volume is also higher than many of the top 100 cryptocurrency tokens on CoinMarketCap.

the official EverGrow Coin Twitter account announced two new announcements that will be unveiled in the coming days. It could be a highly anticipated NFT marketplace, hosted on Binance’s Smart Chain. Analysts have predicted that the marketplace will become in high demand, as it is the first known NFT marketplace to enable cryptocurrency lending using NFT assets as collateral.

EverGrow Coin’s appeal is due to the tokenomics that incentivize long-term ownership with a 14% transaction tax. A total of 8% is redistributed instantly as BUSD rewards, and 2% is reserved for buying $EGC tokens and burning them to remove them from the supply.

Falling Shiba Inu Price Could Create Opportunities For Cryptocurrency Investors

Shiba Inu price has fallen 4% over the past week, but FXStreet’s top analysts suggest a further drop will present a unique opportunity to buy the dip. The Shiba Inu price is currently at $0.00002555 according to CoinMarketCap.

Shiba Inu’s Relative Strength Index (RSI) has fallen below 50, indicating that investors are pulling back momentarily. See the article: Promising crypto: what is Helium Blockchain crypto, and should you invest?. Analysts have suggested this is because the new earnings quarter has started in the US.

A drop in Shiba Inu could likely see $SHIB prices fall towards $0.000022 – a loss of 12%. This would, however, create an opportunity for investors to buy the dip before prices rebound again.

Shiba Inu enjoyed incredible breakthroughs last year, and a new listing on robinhood will open the door to millions of dollars pouring into Shiba Inu once she is able to recoup her recent losses.

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Crypto Shiba Inu and EverGrow Coin on the verge of a precipitous fall? – Mag Mirror


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