Crypto News Headline Nov 2, 2021

  1. EverGrow Coin The Next Big Cryptocurrency, Reaches 60K Holders and $1 Billion in Marketcap 

Known as” EGC” to a growing army of retail investors, EverGrow Coin also has been dubbed by many analysts as the Next Shiba Inu or Dogecoin.  After an 18000% rally in the past month, the total value of all circulating EverGrow Coin crossed the $1 billion mark today, according to data provider With each Buy or Sell transaction, EverGrow Coin distributes 8 percent of those transactions to all token holders directly in their wallets. The rewards are sent in Stable currency BUSD. In just one month of Launch, EverGrow Coin already has surpassed 60,000 holders mark $1 Billion in Marketcap.

The NFT market got an enormous boost after Christie’s auction house sold a digital artwork last March titled “Everydays: The First 5,000 Days” made by digital artist Beeple for an astronomic $69,4 million. Although NFTs have been around for some years, the market for digital art pieces, commemorative items, and other assets that now reside in blockchain ecosystems has exploded this year. An upcoming use case for NTFs recently is photography. Photography and prints have been particularly successful in this new online environment. NFTs are a type of asset which can be bought with cryptocurrencies. Both are tokens that are key elements in the world of blockchain.

The metaverse of Zuckerberg’s dreams is the sort of place where everyone’s plugged into a virtual reality, able to teleport, make things happen merely by thinking about them and effectively step beyond the limitations of the physical world into a brave, new digital one. Axie – which is at the forefront of this “GameFi” trend – has already generated more than $2.5 billion in trading volume. Several other rivals offering games that lure players with the promise of crypto are also gaining popularity.

The burning of ethereum started on August 5, 2021, when the Ethereum network successfully implemented the London hard fork upgrade and EIP-1559. Data from Dune Analytics indicates that on October 31, 2021, otherwise known as Halloween, 702,886 ethereum (ETH) has been burned. Data from Dune Analytics indicates that on October 31, 2021, otherwise known as Halloween, 702,886 ethereum (ETH) has been burned. The biggest ETH burner today is the non-fungible token (NFT) marketplace Opensea which has burned 91,171 ether. Just recently, Ethereum implemented the Altair upgrade which helps smooth the consensus process from proof-of-work (PoW) to proof-of-stake (PoS).

According to a new report by Crypto Research and Intelligence Business (CREBACO), so far around 15 million Indians have embraced crypto and invested close to 10 billion dollars in crypto assets. Investing in gold has always been associated with a sense of security, which is not yet there with cryptocurrency given the digital volatility. Sharat Chandra, an emerging tech evangelist, and a crypto expert recommended that investors should add “Solana and Polygon tokens in their portfolio as these tokens are fuelling the DeFi (decentralised finance), NFT, and play to earn gaming ecosystem.

Polka City is an entirely autonomous contract-based metaverse where you may invest in virtual cities (3D&AR NFTs). Polka City uses a native token to operate the platform. The token is marked POLC. POLC is ERC-20 and BEP20, and POLC ASSETS are ERC-721. This token may be used to pay for products and services on the platform.  Investors or crypto enthusiasts may make purchases in Polka City. It ensures a top-notch virtual visual experience.. Their digital NFT assets have been traded on Opensea for over six months, with around 1000 worth ETH transactions.

Dogs of Elon is a cryptocurrency project featuring a collection of NFTs and an ERC20 token called $DOE which users can currently purchase via a presale. According to the Dogs of Elon team, the $DOE token will be available as a listing on CEX, one of the top cryptocurrency exchanges.  CoinMarketCap announced that anyone can participate in this airdrop. In order to participate in the $DOE airdrop on CoinMarketCap, you have to create an account and complete a set of basic actions such as joining the team’s telegram, retweeting some of their tweets, etc. 

McDonald’s is creating a limited number of NFTs or non-fungible tokens in celebration of its McRib sandwich’s 40th anniversary. For a chance to win the McDonald’s NFT, the fast-food giant said you’ll have to follow it on Twitter and retweet its sweepstakes invitation tweet – which it dropped on Monday morning – any time between November 1 and November 7. “Our McRib NFTs are digital versions of the fan favorite sandwich – almost as saucy as the McRib itself– and we’re giving them away to a few lucky fans on Twitter beginning November 1,” McDonald’s said in a statement.

Burger King’s partnership with the Robinhood app to offer cryptocurrency takes its previous giveaways of Whoppers and dollars to the next level. Burger King has teamed with investment platform Robinhood to offer members of its Royal Perks loyalty program a chance to win various cryptocurrency, according to a press release emailed to Marketing Dive. For Burger King, the crypto giveaway is another effort to drive adoption of its app and Royal Perks loyalty program, which it expanded nationwide in September. More than 80% of Royal Perks members are likely to recommend the rewards program to others, according to the company.

  1. Meme Tokens Led ‘Uptober’ as SHIB Mooned 765% 

The self-proclaimed dogecoin killer has a market cap of $26 billion and reached an all-time high on Oct. 28. At press time, the token was trading 15% below its all-time high. The dog-themed coin SHIB’s 765% gain in October made it the month’s top-performing cryptocurrency among those with a reported market capitalization of at least $10 billion. Within the CoinDesk 20, a group of 20 curated digital assets, the top performing coins in October were Polygyon’s MATIC, which climbed 56%; Polkadot’s DOT, up 36%; and Ethereum’s ether (ETH), which rose by 30%  Denis Vinokourov, an independent crypto research analyst, attributes Polygon’s surge through October to its continued focus on gaming and the metaverse.