Dogecoin or EverGrow Coin- Which Crypto Will Gain Most In 2022?




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March 19, 2022

Dogecoin or EverGrow Coin- Which Crypto Will Gain Most In 2022?

In this article, we will tackle Dogecoin and EverGrow Coin’s price potential in 2022.

A Dogecoin whale moved about $29.6 million of DOGE in a single transaction this week. It gifted Dogecoin its highest 24-hour trading volume all month at over $850 million. DOGE’s price has responded favourably, growing nearly 3% into March 17.

Dogecoin has proved the most popular meme-coin as it remains the 13th biggest crypto token by market cap – $15.5 billion. It’s two places ahead of Shiba Inu, which has a $12.3 billion market cap. Dogecoin’s success is partly because it’s been around since 2013 but also thanks to patronage from Tesla CEO Elon Musk.

Musk tweeted this week that he’s holding Bitcoin, Ethereum and Dogecoin and has ‘no plans to sell’. This message alone saw DOGE jump 10% in price. But can we expect more of Dogecoin in 2022? Or will meme-coins rollover to make way for a new breed of crypto like EverGrow Coin, which has arrived with built-in wallets, exchanges, metaverses, NFT marketplaces and DeFi solutions to generate passive income?

In this article, we will tackle Dogecoin and EverGrow Coin’s price potential in 2022.

 

Dogecoin – crypto’s best-loved token

Current price: $0.1175

Dogecoin launched in 2013 following the popular Internet ‘doge’ meme, depicting a Shiba Inu dog with an internal monologue of words written around it in Comic Sans font. The original doge meme had words like ‘wow’ ‘what r u doing’ ‘concern’ and ‘so scare’. Doge was KnowYourMeme’s top meme for 2013 – Dogecoin was the first meme-coin and first dog-related coin.

Dogecoin quickly became a fan favourite, and was even used to fundraise $36,000 to send the Jamaican Bobsleigh Team to the Winter Olympics in 2014. Over the years Dogecoin has been involved in more fundraising projects, like raising $30,000 to build a well in the Tana river basin in Kenya.

But Dogecoin never would have enjoyed its current success without backing from the likes of Mark Cuban, Snoop Dogg and Tesla CEO Elon Musk. On December 14 last year, Musk tweeted that Tesla would begin accepting Dogecoin as payment for Tesla merchandise. DOGE’s price spiked 20%. 

But critics claim that Dogecoin’s future is troubled, as there’s no supply cap and each year 5 billion more DOGE will enter circulation. This is unlike Bitcoin, with a fixed supply of 21 million BTC, and nothing like crypto newcomers such as EverGrow Coin which are deflationary by design.

 

EverGrow Coin – a hyper-deflationary coin that pays passive income

EverGrow Coin launched in September 2021 with two core utilities that DOGE doesn’t have: a deflationary design, and rewards for coin holders. EverGrow Coin began with a max supply of 1,000,000,000,000,000 EGC however this number will continue to reduce. EverGrow Coin does this through a 14% tax on all EGC transactions, with 2% set aside for strategic coin burns to drive up the price and reduce supply.

A further 8% of this tax is directly distributed as a reward to investors. The reward is paid out in Binance USD, a stablecoin fixed to the Dollar’s price, meaning that investors make money without trading their EverGrow Coin tokens. These core utilities incentivise holding onto your position and making US Dollars while you wait.

But EverGrow Coin goes further. This month it will roll out a content subscription platform called Crator, that lets users take out subscriptions or tip their favourite content creators and celebrities in crypto. Later this year EverGrow Coin will join the metaverse as it builds the world’s first virtual crypto exchange (think about walking into a bank) as well as a virtual NFT marketplace and play-to-earn games streamed on the cloud, allowing access to vr headset users without heavy computing power.

Any rewards from these applications will be directed either 100% to rewards or for coin burns, of which 8% will be paid out as rewards. It’s a win-win either way for EverGrow Coin and at a price of $0.00000049 it could be a breakout crypto gainer this year.

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Analytics Insight is an influential platform dedicated to insights, trends, and opinions from the world of data-driven technologies. It monitors developments, recognition, and achievements made by Artificial Intelligence, Big Data and Analytics companies across the globe.

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