Investing in Web3 and the metaverse can be as easy as buying Dogecoin and EverGrow Coin

The two coins are not development-heavy cryptocurrencies that take newcomers hours of reading the whitepaper to understand. Dogecoin is nothing more than a currency based off a funny meme (of a dog) while EverGrow Coin is the closest thing crypto has to a share with dividend payments.

But both Dogecoin and EverGrow Coin are tipped as the top cryptos to invest in this 2022.

EverGrow Coin generates passive income through its applications 

EverGrow Coin has been described by its chairman Sam Kelly – a leading investment professional based in Spain – as an 'ecosystem of applications that generates positive volume'. Essentially, it's like owning a stock or share. Just without going through the traditional routes of investing in the stock market. 

At the heart of this is a 14% transaction tax where 8% is redistributed to all investors in the stablecoin BUSD. To date, more than $36 million has been paid to EverGrow Coin in passive income pegged to the US dollar. The tax incentivises long-term holding and is not the only way to make passive income from EverGrow Coin.

This Q2 in 2022 EverGrow Coin will launch an NFT marketplace on the Binance Smart Chain (LunaSky), a content subscription platform (Crator), and a crypto wallet. Later in the year, it will be the fuel of a play-to-earn virtual reality gaming metaverse called The Abstract.

Each of these applications will see more and more EverGrow Coin traded, while any profits made will be pumped back in as BUSD rewards to investors. Either that or buy back EGC tokens and burn them permanently from supply to raise the price of your own bag.

Dogecoin could become the token for a spam-free Twitter

Crypto investors will know that Elon Musk loves Dogecoin. But not everyone knows exactly how it will be used.

Investors got an insight last week on Twitter as the investor Mark Cuban suggested use cases for Dogecoin after Elon Musk bought it out for $44 billion. He suggested each Twitter user puts up 1 DOGE as collateral. If a user is caught spamming, anyone can contest the account's veracity and – if proven to be a bot or spam – the contest or wins 1 DOGE as a reward.

If the contest or is wrong, they lose their own DOGE. In this way, Dogecoin can be used not just as a means of payment but as a means to incentivise the security and functioning of the Internet. This is what Elon Musk meant when he called Twitter the 'plaza' of the Internet.

Use cases for Dogecoin are still speculation – though Elon Musk did call Cuban's suggestion 'not a bad idea'. Musk has previously suggested Dogecoin be used as a means of paying tips for content on Twitter.

Investors do not know exactly what role Dogecoin will play in policing or tipping creators in Web3, but it's a wise coin to look out for due to these unique use cases.