Best Crypto To Buy Now If you are Holding Dogecoin
The largest meme token, Dogecoin, jumped 22 percent in a flash to $0.195 from $0.156 after a recent tweet from the Tesla boss, Elon Musk. However, due to strong resistance, the price quickly fell back.
Dogecoin is currently trading at $0.171 with $1B trading volume over 24 hours. If the current selling pressure from the bears continues, we might see Dogecoin dipping all the way to $0.09 or even touching $0.08 before the start of a new week. On the other hand, if the bulls take control, we might see Dogecoin Price spiking to around the $0.220 level, where it will be testing its next level of big resistance according to its on-chain metrics. Below we discuss two of the best alternative currencies for Dogecoin (Doge) Holders.
Best Crypto to Buy Now If You are Holding Dogecoin
EverGrow Coin: EverGrow launched 2 months ago and has already attracted more than 110,000 holders. The reason behind EverGrow‘s rapid success is its revolutionary Tokenomics and Token utilities. EverGrow Coin is the world’s first Yield Generation token that rewards its holders in $BUSD, a stablecoin pegged 1:1 with USD. In 10 weeks, Evergrow has already distributed $30M+ in rewards. The EverGrow contract is designed as such that every transaction, including Buy/Sell/Transfer, is taxed by the contract. 8% from each transaction is distributed among holders as $BUSD while 2% is converted as BNB and stored in the contract for BuyBack and Burn for when its needed most. BuyBack and Burn both support the price while also depleting $EGC circulating supply over time. 2% from each transaction is also transferred to the liquidity pools on the Decentralised Exchange.
As Holders rewards are dependent on daily trading volume, Evergrow is developing a suite of utilities in their Ecosystem which includes the worlds First NFT Lending platform, NFT Marketplace, and Play-2-Earn Games. EverGrow is also planning to launch Crator, its own content subscription platform, which could give the project a boost. Another factor that could help the project achieve broader adoption is its new EverGrow wallet. All the EverGrow utilities are set to launch in 2022, so it could be a substantial year ahead for this relatively new project, particularly at a market cap of just $300 million, 76 times less than Dogecoin.
Solana
Solana, a blockchain network that launched in 2020, is being seen by many as a competitor to Ethereum, polygon, and Avalanche. The cryptocurrency has grown about 16,000 percent since January. Solana is one of the fastest-growing cryptocurrencies on the block, processing around 50,000 TPS (transactions per second ). Its biggest competitor, Ethereum, does between 10 to 45 transactions per second which is why Solana is being dubbed as the Ethereum Killer. According to Coinmarketcap Solana was trading at $181 with a market cap of $55B. Even with this growth, investors have reason to question whether the current $55B market capitalization is justified and how it compares to competing networks like Avalanche (AVAX), Binance Smart chain (BNB), and Polygon (MATIC). Solana currently holds the third largest futures open interest, which is the most relevant metric in derivatives contracts. There‘s an impressive amount of activity coming from Solana’s on-chain data and derivatives markets. The network‘s TVL increased by 15x over the past six months and Solana’s DApps users are nearly half the amount of users on the Ethereum network.
According to its technical analysis, The first obstacle Solana price will face is at $186, where the 50% retracement level and 100-day Simple Moving Average (SMA) intersect. Based on statistical and mathematical methods of prediction, Long Forecast predicted the price for Sol to reach $493. This represents an upside of 171%. Another prediction by Digitalcoin for 2026 has set a target of 257% upside.
