Dogecoin was slammed in a price prediction survey of 54 experts last July.

A massive 71% of the fintech leaders and crypto specialists urged investors to sell any Dogecoin they hold. Just 4% encouraged investors to buy DOGE.

The panel consulted by finder.com gave Dogecoin a price prediction of $0.08 by the end of 2022.

That's a 16.3% increase in DOGE from prices in August.

For anyone looking to buy up cryptocurrencies at current low prices, it's clear you might want to diversify into other, smaller cap tokens – today we'll be looking at EverGrow.

EverGrow received a bullish price prediction from capital.com of $0.0000015 by the end of 2022.

That's an 845.6% increase from prices in August ($0.00000016).

It means that a $5,000 investment in EverGrow could become $47,280 by the end of December.

Interested to learn more about EverGrow?

Let's jump in.

EverGrow – $37.5 million BUSD rewards in 10 months

EverGrow is the leading stablecoin reflection token in crypto.

Reflection tokens hit the crypto market last year, rewarding investors with native tokens raised via a transaction tax.

EverGrow chose to reward investors in the Binance-Pegged USD stablecoin (BUSD).

From a 14% transaction tax, more than $37.5 million BUSD rewards were paid to investors from a September launch to the end of July. The mechanism has turned EverGrow into one of the most promising competitors for the crown of the leading cryptocurrency for passive income.

Check out how a $5,000 investment into EverGrow in early October would have fared.

After paying the 14% transaction tax, you could have bought 65.4 billion $EGC. Using one of the EverGrow calculators – and knowing the daily trading volume from October to July was $3,619,178 – we get a BUSD rewards figure of $1,282 per month or $12,823 over 10 months.

It means that you could have earned your initial investment back twice – and withdrawn or reinvested this cash without touching your underlying EverGrow investment.

With EverGrow at low prices in August, thousands of investors are buying up $EGC to hold a large position once higher daily trading volume returns to the crypto market (at present, the daily trading volume of EverGrow is around $300,000).

Isn't 14% a high transaction tax to buy EverGrow

EverGrow's own chairman – the investment professional Sam Kelly – has avoided calling $EGC a 'currency'.

Dogecoin has aims of becoming a leading alternative to fiat for the Internet. EverGrow meanwhile aims to be an investment asset that's held onto, rather than quickly bought, sold and traded.

Looking at the passive income earning potential, the reasons why are clear.

You can make a lot more from your EverGrow investment by holding on and making use of the BUSD rewards entering your wallet every six hours.

Even if EverGrow reaches its price prediction and your portfolio grows you might be reluctant to sell up. For example, the last time EverGrow was at a price of $0.0000015 – in November last year – daily trading volume for that month was $14,568,408.

Imagining you buy $5,000 of EverGrow today, when that kind of daily trading volume comes around you would be earning $5,162 a month.

The longer you hold onto your EverGrow, the longer you keep earning passive income.

How quickly will EverGrow recover its daily trading volume?

Even if it takes until 2023 or 2024 to see the next bull market in crypto, EverGrow has plans to rebuild daily trading volume to the millions.

There are three key applications in development:

• EverGrow will launch an NFT marketplace in the next few months. It is housed on the BNB Chain and offers minting fees as low as $0.20 – compared to the $10-$50 gas fees NFT artists pay on the Ethereum Mainnet.
• EverGrow will then launch a content subscription app, which will be the first to integrate fiat and crypto payments in a social-media-style platform. Crator allows content creators to set tailored subscription tiers, accept tips and charge for one-off live streams.
• The Abstract. EverGrow has been chosen as the native token for The Abstract metaverse – the world's first cloud-streamed VR gaming experience under development by leading US-based Objective Reality Studios. The Abstract will attract VR headset users (50,000+ in the US alone) who lack the extra computing power to experience high-quality VR games at home. EverGrow will be a rewards token and also see LunaSky, Crator and a crypto exchange built into the metaverse.

Aside from drawing new investors into EverGrow, the applications will also serve the existing holder base.

Any profits from LunaSky and Crator will be used to buyback EverGrow from the market and burn it permanently from supply. Coin burns will add to the 2% cut from the 14% transaction tax already used for monthly buyback and burn – to date this tax alone has burned through 53% of the original supply.

Should I buy Dogecoin or EverGrow in August 2022?

If you're bullish on Dogecoin, the answer is likely both.

Dogecoin did not get price predictions foreseeing its meteoric rise to an all-time high of $0.7376 in May last year. That was all done on investor confidence and hype. It also came after the Dogecoin development team had largely abandoned the project.

This time around, the Dogecoin Foundation is back, and DOGE is a serious cryptocurrency.

But it's still worth listening to what the 54 experts surveyed by finder.com had to say. Their main problem with Dogecoin was that the annual inflation rate of about 4% would suppress prices long-term and make new all-time highs require increasing larger investments.

EverGrow is the opposite. EverGrow is hyper-deflationary, meaning its underlying value is set to continue increasing over time.

With a market cap of just $85 million it won't take nearly so much investment as Dogecoin to send the price of EverGrow skyrocketing in four-figure percentages.

That's what makes EverGrow a valuable part of your crypto portfolio.

Read the project's white paper for more info.