Bitcoin, Ethereum and Evergrow Coin Up as Markets Rebounds
Could Bitcoin be the worlds largest cryptocurrency be ready for a new price surge?
Bitcoin has just hit $40,000 in price as crypto markets appear to rebound in mid-March 2022. The $40,000 crypto price is a key bullish indicator for Bitcoin. The worlds largest cryptocurrency has hovered around the $39,000 mark for most of March.
Ethereum is also making impressive gains as news of the important Merge event gathers steam. If successful, Ethereums shift to a new consensus mechanism could mean reduced gas fees, faster processing times, and reduced environmental impact for cryptos second-biggest coin.
But new projects are also gathering pace with new mechanisms to make money in crypto many of them unrelated to crypto price movements. EverGrow Coin is a top rewards token thats made exciting metaverse announcements in 2022.
Could Bitcoin be ready for a new price surge?
Current price: $40,5000
Expert Bitcoin investor Benjamin Cowen suggested this week that another price is likely, given past data. Bitcoin has repeatedly grown as soon as its price falls below an analytical marker called the bear market support line. Bitcoin is in this territory right now, meaning it wouldnt be a surprise for BTC to stay above $40,000 and beyond
Bigger, better, faster Ethereum
Current price: $2,7000
Ethereum is cryptos second-biggest token with a market cap of over $300 billion. ETH is up an impressive 5% in the last 24 hours as of March 16, following important news of technical developments.
Ethereum faced slow transaction speeds and high processing costs last summer, as activity overwhelmed its proof-of-work consensus mechanism. Ethereum functions like Bitcoin, with miners competing to record transactions on the blockchain for token rewards. But proof-of-work is costly and energy-intensive, spurning Ethereums founders onto the idea of shifting to a new consensus mechanism called proof of stake.
The Merge is the event when the Ethereum network moves permanently to proof of stake. It will take place before mid-2022. But attention is growing after the Merge successfully took place on the Kiln testnet on March 15. This is the final public testnet before Ethereum transitions and a major boost for investors.
EverGrow Coin number 1 crypto for passive income
EverGrow Coin is a new crypto token with a new focus: passive income from crypto. The project has paid out over $35 million in stablecoin rewards to investors since starting up in September 2021. Based on the Binance Smart Chain, EverGrow Coin already makes use of a blockchain system thats faster, cheaper, and far more energy-efficient than Ethereum or Bitcoin.
EverGrow Coin will roll out the first of many applications this month, with Crator seeking to attract content creators to crypto. Crator will allow content creators to set subscription tiers for their content, charge for live streams, and also interact for free with users on the social media platform. Crator will charge a 5% commission on transactions, far below OnlyFans 20% commission and Patreons 9-12% cut.
Next in the sights for EverGrow Coin is a partnership with VR technology to create the worlds first crypto exchange, NFT marketplace, and play-to-earn gaming arcade in the metaverse. The Abstract will roll out mid-2022 with plans for merging with EverGrow Coins ecosystem before the end of the year.
All profits from EverGrow Coins ecosystem will be used to either buy back EGC tokens and drive up the price, or directly paid out as BUSD rewards. The positive volume means EverGrow Coin should not depend on price fluctuations to pay passive income to investors.
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