Could Bitcoin be the world's largest cryptocurrency and ready for a new price surge?
Bitcoin price just hit $40,000 as the crypto markets seem to pick up in mid-March 2022. The $40,000 crypto price is a key bullish indicator for Bitcoin. The world's largest cryptocurrency has hovered around the $39,000 mark for most of March.
Ethereum is also making impressive gains as news of the major Merge event gathers steam. If successful, Ethereum's switch to a new consensus mechanism could mean reduced gas fees, faster processing times, and reduced environmental impact for the second largest cryptocurrency.
But new projects are also accelerating with new mechanisms for making money in crypto, many of them unrelated to crypto price movements. EverGrow Coin is a top rewards token that 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 previous data. Bitcoin has repeatedly surged as soon as its price falls below an analytical marker called the bear market support line. Bitcoin is in this territory right now, which means that it would not be a surprise if BTC held above $40,000 and above.
Ethereum bigger, better and faster
Current price: $2,7000
Ethereum is the second largest crypto 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 major news on technical developments.
Ethereum faced slow transaction speeds and high processing costs last summer as activity exceeded its proof-of-work consensus mechanism. Ethereal It works like Bitcoin, with miners competing to record transactions on the blockchain for token rewards. But proof-of-work is expensive and energy-intensive, which is why Ethereum's founders balked at the idea of โโswitching to a new consensus mechanism called proof-of-stake.
The merger is the event where the Ethereum network permanently goes into proof of stake. It will take place before the middle of 2022. But the attention is growing after Merge was successfully carried out on the Kiln testnet on March 15. This is the 'final public testnet' before Ethereum transitions and a huge boost for investors.
EverGrow Coin: #1 cryptocurrency for passive income
EverGrow Coin is a new crypto token with a new focus: passive income from cryptocurrencies. The project has paid out more than $35 million in stablecoin rewards to investors since it began in September 2021. Based on Binance Smart Chain, EverGrow Coin It already makes use of a blockchain system that is faster, cheaper, and much more energy efficient than Ethereum or Bitcoin.
EverGrow Coin will launch the first of many apps this month, with Crator looking to lure content creators into cryptocurrencies. Crator will allow content creators to set subscription levels for their content, charge for live streams, and also interact for free with users on the social media platform. Crator will take a 5% commission on transactions, well below OnlyFans' 20% commission and Patreon's 9-12% cut.
Next up for EverGrow Coin is a partnership with VR technology to create the world's first crypto exchange, NFT marketplace, and play-to-win arcade in the metaverse. The Abstract will launch in mid-2022 with plans to merge with the EverGrow Coin ecosystem before the end of the year.
All profits from the EverGrow Coin ecosystem will be used to buy back EGC tokens and increase the price, or paid out directly as BUSD rewards. The positive volume means that EverGrow Coin should not rely on price fluctuations to pay out passive income to investors.
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