Unifi Protocol Boost, Evergrow Coin, and Crypto Bill
The dominance of crypto innovations today is the introduction of a significant crypto bill to regulate the digital currency market. Senators Cynthia Lummis, a cryptocurrency supporter, and bitcoin owner, and Kirsten Gillibrand also proposed the classification of digital assets; For commodities such as wheat or oil instead of securities. The Wall Street Journal described the crypto bill as convenient for the industry. Other news in Altcoin projects, EverGrow Coin, and Unifi Protocol DAO see significant interest in innovative approaches to the DeFi space this June.
The financial professionals behind EverGrow Coin specifically tried not to call the EGC “currency”. Instead, EverGrow Coin is more of a “share” created in the crypto ecosystem, Generating passive income for investors. It is financed by a hefty 14% transaction fee, of which 8% is distributed as a reflection of BUSD. Since its launch in September, EverGrow Coin paid investors $37 million in rewards. The token also burned 53% of its initial stock. But the best is still ahead.
Over the next few weeks, EverGrow Coin will drop its first utility program, NFT Marketplace and Content Subscription Platform. It is designed to receive cryptocurrency and increase daily volume and BUSD rewards for investors. EGC trades at $0.0000002161, and the price increased by 5%.
Crypto Bill
The Wall Street Journal called the introduced crypto bill industry-friendly. Senators on Tuesday introduced a cryptocurrency bill to create a regulatory framework for cryptocurrencies. The bill classifies digital assets as commodities instead of securities, Such as traditional stock exchange investments. The long-awaited crypto bill aims primarily to integrate digital assets into existing law. It will do this by calling digital currencies ancillary assets, which are commodities under U.S. law and fall within the jurisdiction of the CFTC.
Cryptocurrencies will only classify as securities; If the owner has privileges such as dividends, liquidation rights, or financial interest in the issuer. Tax breaks do not require stablecoin owners to report income changes at the time of purchase. Senator Lumis is a prominent crypto supporter of the $100,000 to $250,000 announced in the 2022 financial disclosure.
The price of Unifi Protocol DAO increased by 233% today. From a low of $3, the UNFI Token reached a maximum of $42; Before falling to $37 at current prices. The peak comes after that, As the Unifi Protocol DAO launches a massive $11.5 million ecosystem upgrade. The update will see changes to the Unifi Protocol award mark $UP, an Over-secured algorithmic token supported by a reserve of other cryptocurrencies. The new $UP will allow all UP holders to receive passive payouts from rewards.
Unifi Protocol DAO is a DeFi project that helps businesses design their DeFi solutions. Which is on Ethereum but aims to include more blockchains in the future. UNFI participants can also receive awards. Investors in Unifi Protocol DAO are HBTC, Binance, and Chain Capital.
Shiba Inu Crash
Shiba Inu is creating intense moments and tensions in the highly volatile cryptocurrency market. This meme coin suffers a considerable loss. SHIB tokens are dwindling daily, forcing Shiba Inu investors to suffer losses in their cryptocurrencies in 2022. The cryptocurrency market will observe an inevitable drop in the price of meme coin cryptocurrency in this downward market. Thus, Shiba Inu investors decided to sell about one trillion SHIB tokens to overcome confidence issues regarding the cryptocurrency’s price.
SHIB started as a meme; However, it became one of the most popular cryptocurrencies in a short time. Memecoin was created in August 2020 to imitate Dogecoin and make fun of crypto investors. However, in reality, this meme coin gained millions of Shiba Inu investors in the market when it launched the Ethereum blockchain. Investors suggest that the drop in the price of cryptocurrency is due to the sale of SHIB by large numbers of many whales recently.
