Elon Musk's long-term hope for Dogecoin is that it keeps a stable price, but EverGrow has a plan to create a crypto ecosystem that makes all holders richer.

Back in the summer, Elon Musk was quizzed in a podcast about Dogecoin. Musk said he loved Dogecoin because it was 'inflationary' and can keep a stable price. Wait what? Isn't Dogecoin supposed to be an investment? 

The dogecoin price has pumped over 100% since news broke that Elon Musk took over Twitter. But what's the long-term prospect for Dogecoin?

Dogecoin supply increasing 4% annually

The Dogecoin supply increases by 5 billion DOGE each year. These are rewards paid to miners. At present, this gives Dogecoin an annual inflation rate of 4%.

What does this mean for your Dogecoin position?

If the Dogecoin market cap is the same a year from now, your portfolio would be worth at least -3% from what it is today. In five years, it would be -15% below what it is today. But according to Elon Musk's vision for Dogecoin the token is not supposed to increase or even decrease in supply.

Musk said that Dogecoin can keep a 'stable price'. This is advantageous because it help DOGE become a real alternative to fiat, without great volatility, and with all the advantages of rapid, verifiable and low cost international transactions.

EverGrow – building a crypto ecosystem AND wealth for all holders

The problem with using tokens like Bitcoin for day-to-day purchases is that you probably wouldn't buy milk with a currency that could 5x in the next few months.

But if Dogecoin becomes a leading digital alternative to fiat, how do investors make money? There's not a clear answer there if volatility is contrary to widespread adoption.

Enter EverGrow.

This token is leading a DeFi revolution for building web3 apps that have all the advantages of crypto while making holders money long-term. Here's how it works: apps in the EverGrow ecosystem send 100% of their profits back to the holders. Since the developers and community all hold EverGrow then volume is in everyone's interest.

The process begins with the EverGrow tax of 14%. It's a high tax, but 8% is used to reward holders in Binance USD, 2% is used to burn tokens, 2% is used for liquidity and 2% is used to fund ecosystem development. You pay the tax whenever you buy or sell EverGrow.

In just a year of the tax going live, EverGrow has paid $38 million back to holders in BUSD and burned 5% of its circulating supply. 

In September, the first application launched: LunaSky NFT. The NFT multichain marketplace sends 100% of revenue towards buying and burning EverGrow. It raised over $250,000 in the first month of going live and these funds will be used to burn EverGrow until the end of the year. 

Anyone holding EverGrow now could not just be in for a few months of price gains, but being at the start of a crypto DeFi revolution. The price is just $0.0000001 now.

Read more about EverGrow: https://evergrowegc.com/