It’s not entirely accurate to say that EverGrow Coin (EGC) is “dead” , however, it has undergone a significant rebranding and is facing considerable challenges.
Here’s a breakdown of the situation:
- EverGrow Coin has rebranded and transitioned to @cedarDAO.
- The x.com account associated with EverGrow Coin (formerly @evergrowcoinEGC) is now linked to @cedarDAO and no longer displays EverGrow posts.
- EGC experienced a significant decline in value, losing over 90% in 2022.
- It was delisted from centralized exchanges (CEXs) at the end of 2022, with the team citing a shift towards building their own utilities and addressing CEX shortcomings.
- EGC hit its all-time low in June 2023.
- Despite the setbacks, the project continues to develop and has plans for a crypto wallet and exchange.
- They are also building a metaverse, NFT marketplace, and social media platform.
- EGC remains a deflationary token designed to become scarcer over time through regular burns.
- It still offers an 8% reward in BUSD for every transaction (buy, sell, or transfer).
While the price of EGC has seen substantial declines and the project has undergone significant changes, EverGrow is not entirely defunct. It has rebranded to @cedarDAO and is continuing to develop various utilities within its ecosystem, albeit with a shifted focus away from reliance on centralized exchanges.
However, it is crucial to understand that past performance is not indicative of future results, and the cryptocurrency market remains highly volatile and speculative . Any investment decision should be based on thorough personal research and a clear understanding of the risks involved. You should carefully evaluate EverGrow’s progress, its current market status, and the overall cryptocurrency landscape before making any investment decisions.
What is happening with EverGrow coins?
Evergrow made an announcement in the second half of 2022 saying that it will delist EGC from all centralised exchanges. This announcement has not aided EGC’s market recovery with the token down over 50% in the last 90 days, as of 30 December 2022.
Is EGC a good investment?
The value of EGC is not widely recognized by the market. When the bull market comes, the market value of EGC may have great growth potential. As a new type of currency with innovative technology and unique use cases, EGC has broad market potential and significant room for development.
Will EverGrow coin reach $1 dollar?
I can help with that. Technical Analysis. From a technical standpoint, analysts look to charts and past price performance to project potential future movements. For EverGrow Coin to reach $1, it would require a significant increase from its current valuation —a leap only achievable with substantial market support and widespread adoption.
Is EverGrow coin worth anything?
Thanks for asking. EverGrow Coin Price Summaries
EverGrow Coin’s price today is US$0.00000002006, with a 24-hour trading volume of $1,988.