EverGrow Coin could be the next SHIB, should you buy it?

EverGrow Coin EGC/USD is a deflationary token that is specifically designed to be scarce over time. 

All of the EGC coin holders will earn an 8% reward for every buy or sell transaction in BUSD.

3% of every buy or sell transaction is sent to the buy-back wallet, while 2% is transferred into the liquidity pool for PancakeSwap to create a stable price floor.

However, the fascinating aspect of it is the fact that it is being compared to other coin-giants, such as Shiba Inu (SHIB).

The attention from the crypto community as a catalyst for growth

Within the last 24 hours, the EverGrow Coin has increased its trading volume by 230% and its value by 27%.

That said, it has a market cap of $115,986,156 at the time of writing. In other words, the EverGrow Coin has broken a lot of crypto records within the first few weeks of its launch.

That said, this has gathered the attention of a lot of members of the crypto community, which have been comparing it to popular "meme" coins.

Specifically Shiba Inu, Safemoon, and Baby Dogecoin. 

This is due to its crypto rewards system, where the company behind the token claims that all holders of the EGC token will, in fact, earn an 8% reward from every buy or sell transaction in BUSD. BUSD is the Binance-pegged US dollar.

That said, certain Twitter users have been showcasing screenshots of their BUSD rewards. 

Should you buy EverGrow Coin (EGC)?

On October 12, the EverGrow Coin (EGC) had a value of $0.000000286.

The all-time high value the token has managed to reach so far was on October 12 as well, five hours prior to writing this, where the token had a value of $0.000000540924.

At its all-time high value, the token was $0.000000254924 higher in value, or by 89% when compared to its value on October 12 at the time of writing.

The lowest recorded point of value the token had was on September 27, when it had a value of $0.000000004056.

However, when we compare the lowest point of value of the EGC token with the value on October 12 at the time of writing, that is an increase of $0.000000281944 or by 6951.28%.

This is a huge increase and one of the main reasons it is being compared to other cryptocurrency tokens that saw tremendous amounts of growth quickly.

This said, the EverGrow Coin (EGC) has huge potential for growth and has the potential to reach $0.000000860 by the end of October.