EverGrow Coin (EGC) is a new addition to the crypto market that functions on a 'frictionless yield farming and liquidity protocol'. Its unique selling point is its cryptocurrency and DeFi combo, which continues to attract investors. The coin is based on the concept of tokenomics and smart contracts, and rewards traders with 8% returns in BUSD on every transaction. In 2022, EGC lost about 91% year-to-date, and it is currently the 3,465th-largest cryptocurrency, with a fully-diluted market cap of about $75 million.
Despite its poor performance in 2022, some analysts believe that EGC is a good investment. For example, Wallet Investor's EverGrow price prediction for 2023 expects the EGC token to trade at an average of $0.183 by the end of the first quarter of 2023. However, it's important to note that algorithm-based price predictions can be wrong, and forecasts shouldn't be used as a substitute for your own research.
Before investing in EGC or any other cryptocurrency, it's essential to do your own due diligence and remember that your decision to trade or invest should depend on your risk tolerance, expertise in the market, portfolio size, and investment goals.
What You'll Learn
EverGrow Coin's performance and potential for yielding high returns
EverGrow Coin (EGC) is a new cryptocurrency that combines crypto and DeFi, attracting investors in large numbers. Its unique selling point is being the first crypto based on generating passive income for its hodlers in Binance, secured with US dollars.
EGC is a hyper-deflationary token, and its scarcity over time is what makes people believe that its value will increase significantly in the future. The token is based on the concept of Tokenomics and smart contracts. EGC traders are rewarded with 8% returns in BUSD on every transaction. This is an attractive feature for customers as they earn passive income in a stablecoin that is pegged to the US dollar, rather than in other tokens.
EGC's performance has been impressive. Within a month of its launch in September 2021, it surpassed a $1.5 billion market cap, gaining a record-breaking 28,000%. EGC holders have received rewards exceeding $12 million USD at a rate of 8%, sent directly to their wallets.
In terms of its potential to yield high returns, EGC has been designed to maximise profits for its investors. It is a community project that uses an anti-whale system, which means there is no massive whale dominance in the community compared to similar cryptos. This feature will protect the project against unexpected sell-offs or any attempts by individuals or groups to manipulate the market.
EGC's performance in 2022 was negatively impacted by the broader crypto winter. It experienced a decline of about 91% year-to-date as of 30 December 2022. However, analysts remain bullish on the token's future prospects. Wallet Investor, for example, expects the token to trade at an average of $0.183 by the end of the first quarter of 2023.
In summary, while EGC has experienced significant volatility and losses, its unique features, strong performance since its launch, and bullish analyst predictions suggest it has the potential to yield high returns for investors.
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The affordability of EverGrow Coin
EverGrow Coin (EGC) is a new addition to the crypto market that functions on a 'frictionless yield farming and liquidity protocol'. Its unique selling point of combining cryptocurrency with DeFi solutions continues to attract investors.
The affordable nature of EverGrow Coin makes it all the more attractive, giving sufficient reason for an amazing influential entry. If we compare with the Safemoon coin valued at over $1 billion or even Shiba Inu sitting at a valuation of $10 billion, the EverGrow Coin price sits comfortably at $150 million.
The year 2021 ended on a very high note for EGC. EverGrow Coin recorded more than 117K token holders, turning out to be the fastest-growing crypto on the Binance Smart Chain.
The EGC presale started with an initial market cap of $125K that sold out in 6 minutes flat. It reached its 25,000 mark within 3 weeks of launch. EverGrow Coin's price touched a market cap of $30 million in over 10 days.
EverGrow Coin has already disbursed over $3 million BUSD in passive income rewards to its hodlers. This excludes the capital gains made on the $EGC holder’s initial investment. Experts say that it is an easy way to earn crypto passive income with massive 130% annual returns.
The current price of EverGrow Coin is $6.80e-8 USD with a 24-hour trading volume of $83,311.64 USD. The live EverGrow price today is $0.077023.
EGC can be bought on either Poocoin or Pancake Swap. It is a BEP-20 token running on Binance Smart Chain. The quickest way to buy it is to transfer your BTC to Binance, convert it into BNB, then send it to your own wallet using Binance Smart Chain and swap your BNB for EGC on PancakeSwap.
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How to buy EverGrow Coin
EverGrow Coin is a new addition to the crypto market that combines cryptocurrency and DeFi. It is currently not available on major exchanges like Coinbase or Binance. However, you can still buy it through decentralised exchanges (DEX) like PancakeSwap. Here is a step-by-step guide on how to buy EverGrow Coin:
Step 1: Open an online account
You will need an account on a DEX like PancakeSwap to purchase EverGrow Coin. First, download a compatible wallet like Trust Wallet from the app store. Register and set up your wallet, ensuring you keep your seed phrase safe.
Step 2: Buy a wallet (optional)
The wallet connected to the DEX is considered "hot" storage and always online, making it vulnerable to attacks. For more secure "cold" storage, purchase a hardware wallet like the Ledger Nano S or Nano X.
Step 3: Buy a major cryptocurrency
To purchase EverGrow Coin, you will first need to buy a major cryptocurrency like Bitcoin (BTC) or Binance Coin (BNB). You can buy these on exchanges like Binance.US, FTX, or Coinbase.
Step 4: Transfer your crypto to your wallet
Once you have purchased your chosen cryptocurrency, transfer it to your wallet. If you are using a Binance wallet, hover over "Trade" and click on "Exchange" in the dropdown menu. Select your desired coin and make your purchase.
Step 5: Connect your wallet to the DEX
Go to the PancakeSwap website and connect your wallet to the exchange. You may need to find the EverGrow Coin contract address on CoinMarketCap or CoinGecko and paste it into PancakeSwap.
Step 6: Make your purchase
On PancakeSwap, select your chosen cryptocurrency as the payment and EverGrow Coin as the coin you want to acquire. Enter the amount you wish to swap, adjust the slippage tolerance if needed, and confirm the transaction.
Step 7: View your EverGrow Coin
After a successful purchase, you should see EverGrow Coin reflected in your wallet. If not, you may need to manually add the token using the contract address.
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EverGrow Coin's price predictions for 2023, 2025 and 2030
EverGrow Coin (EGC) is a new addition to the crypto market that functions on a 'frictionless yield farming and liquidity protocol'. It is the first crypto-based on generating passive income for its holders in Binance, secured with US dollars.
EverGrow Coin Price Predictions for 2023, 2025 and 2030
The most recent valuation of EverGrow Coin (EGC) is $0.00000014, making it the 3698th most valuable cryptocurrency. The price of EGC has dropped by -100.000% in the past month, wiping out an enormous $0.048 in value on average.
2023
By the end of 2023, prices may have ranged from a low of $0.00000016 to a high of $0.00000017. The highest possible price is now estimated to be around $0.00000018.
2025
The average price of EGC is estimated to be somewhere between $0.00000035 and $0.00000036 in 2025. The highest possible cost of an EGC in 2025 is between $0.00000035 and $0.00000040.
2030
The price of 1 EGC is expected to reach a minimum level of $0.000002 in 2030. The EGC price can reach a maximum level of $0.000002 with the average price of $0.000002 throughout 2030.
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The risks of investing in EverGrow Coin
Investing in cryptocurrencies like EverGrow Coin (EGC) is risky, and you should only do so if you have a healthy risk appetite and can afford to lose money. Here are some of the risks you should consider before investing in EGC:
- Volatility: The cryptocurrency market is extremely volatile, and EGC is no exception. In 2022, EGC lost about 91% of its value. While it is possible to make significant gains in a short period, you could also lose a large portion of your investment.
- Limited Track Record: EGC is a new addition to the crypto market, having launched in September 2021. Its long-term viability is uncertain, and it may not be around in a few years.
- Delisting from Centralised Exchanges: In 2022, EverGrow announced it would delist EGC from all centralised exchanges. This decision could reduce liquidity and make it more difficult to buy and sell EGC.
- Regulatory Risk: The cryptocurrency market is largely unregulated, and regulatory changes could significantly impact the value of EGC. For example, if a government bans cryptocurrencies or imposes strict regulations, it could hurt EGC's price.
- Competition: The crypto market is highly competitive, with new coins and tokens launching all the time. EGC faces competition from established coins like Bitcoin and Ethereum, as well as newer coins with similar features.
- Security: Cryptocurrency exchanges and wallets have been hacked in the past, and there is a risk of losing your EGC holdings if your exchange or wallet is compromised.
- Technical Issues: Technical issues with the EverGrow platform or smart contracts could impact the value of EGC. For example, bugs or vulnerabilities could be exploited, leading to losses for investors.
- Adoption: The success of EGC depends on widespread adoption and use. If EverGrow fails to attract a large and active user base, or if users lose interest over time, the value of EGC could decline.
- Market Sentiment: The crypto market is highly susceptible to investor sentiment. Negative news, such as a financial crisis or regulatory changes, could trigger a market-wide sell-off, causing the price of EGC to drop.
- Liquidity: EGC may have lower liquidity than more established coins, making it more challenging to convert your holdings into cash without impacting the market price.
Remember, it is crucial to conduct your own research and carefully consider your risk tolerance, investment goals, and financial situation before investing in any cryptocurrency, including EverGrow Coin.
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