by Analytics Insight
February 4, 2022
This article features the latest update on cryptocurrencies like Bitcoin, Ethereum, Shiba Inu, and more.
Let’s look at where the world of crypto is today, with major coins BitcoinEthereum, and Shiba Inu all down but projects like EverGrow reigniting the industry with the hint of a future in the metaverse.
Shiba Inu rallied 17% in mid-January 2022 following a rumor that the popular trading app, Robinhood, will list the memecoin as early as February. Robinhood has over 23 million users.
SHIBA INU ROBINHOOD LISTING SAID TO COME AS EARLY IN FEB
This is about 6 months too late
— zerohedge (@zerohedge) January 12, 2022
Despite these positive reinforcements, Shiba Inu’s price has fallen from the beginning of the year from $0.000034 to $0.000022 at the beginning of February 2022.
In Bitcoin news, after falling below $40,000 on January 21 earlier this year, Bitcoin has rallied to get back its all-time highs of $68,000 last year. An increase in the US 10 Year Treasury yield spooked investors worldwide as the price dropped from over $57,000 at the beginning of January, and BitCoin is still down at $38,000 in February.
Ethereum has seen a few substantial bounces over January, hitting a low of $2,200, before recovering above $2,700. With no specific updates coming from the Ethereum camp, it’s clear that this mainstream crypto is riding the ups and downs attributed to more traditional securities.
Finally, news from Ever Grow confirms “100%” that this new cryptocurrency project will move to the metaverse sometime in 2022.
We’ll make an official announcement with some details in the next week or so…
— EverGrow (@evergrowcoinEGC) January 12, 2022
Ever Grow Coin has been an attractive newcomer to the crypto market since its launch just four months ago. The project has flown past the 130,000 investors mark and has distributed nearly $34 million in rewards among coin holders since launch. News that this fledgling project will move their highly anticipated crypto-friendly content creation platform, Crator, into the metaverse could be a catalyst to push this project onto record returns this year as household crypto names struggle to regain their all-time highs in 2022.
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