by Analytics Insight
January 16, 2022
Elon Musk announced to his 70 million twitter followers that you can now buy Tesla merchandise with Dogecoin:
Tesla merch buyable with Dogecoin
— Elon Musk (@elonmusk) January 14, 2022
As a result, the Dogecoin price immediately jumped around 16%. But despite Elon Musk’s efforts to pump the price of his favourite memecoin, Dogecoin is down 72% from its all-time highs. Can this $25 billion doggy-meme project, that was created as a joke, continue to rise from here, or should we be looking for the next Dogecoin?
Many see Shiba Inu as the next Dogecoin. Shiba Inu was launched specifically to exploit Dogecoin’s popularity and the Elon Musk connection and has grown to a staggering $13 billion valuation. Can it double from here to be the next Dogecoin? Much like Dogecoin itself, Shiba Inu is just a fun project whose valuation has got out of hand due to viral marketing and an excitable community. To say Shiba Inu is the next Dogecoin begs the question, what is the next Shiba Inu?
There are several exciting candidates that could achieve dizzying valuations in 2022, but we’ve identified one project today as our main tip for what will be the next Dogecoin or Shiba Inu:
EverGrow Coin (EGC)
One of the most talked about breakout Cryptos of the second half of 2021, EverGrow would possibly already be in the billions if it wasn’t for a combination of bad luck and bad data. Launched just as the crypto market began to turn south, EverGrow was then plagued by data spikes and errors on CoinMarketCap – issues that led to concerns and fear from investors due to how new the project was. This halted EverGrow as it was flying towards a $2 billion valuation, and the project has stagnated around $500 million since.
EverGrow have teased their 50,000 Twitter followers with screenshots of their upcoming content creation platform, Crator – the world’s first crypto friendly social media platform, expected to rival Facebook and Onlyfans.
— EverGrow (@evergrowcoinEGC) January 15, 2022
Evergrow is potentially far more valuable than Dogecoin and Shiba Inu in terms of utility and roadmap, with a transparent and highly experienced team. Despite their rocky start, many analysts still see EverGrow as being the big breakout for 2022, expecting this young project to potentially surpass both Dogecoin and Shiba Inu in valuation.
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