Dogecoin revived the crypto industry in early November. Prices pumped 130% as Elon Musk took a sink into the Twitter HQ.
But in days DOGE nearly reversed its gains and has grown just 26% since to reach $0.1.
Thousands of Dogecoin investors are waiting for more news on DOGE's future with Twitter.
Will you use DOGE to buy Twitter Blue subscriptions? Will its blockchain be used to tackle spam and bots? Will Elon Musk instead let Binance in as thanks for their $500 million investment in Twitter?
Nobody knows.
Meanwhile, viral altcoins are making a case for crypto-native ecosystems. One of these is EverGrow, which in 2023 is launching a crypto-native content subscription app that pays you a part of every transaction.
The price of EverGrow has risen 43% in the same time as Dogecoin rose 26%.
But if EverGrow's plan works, prices could be about to skyrocket.
EverGrow launched an NFT marketplace in September called LunaSky. The platform is multichain (you can mint, buy and sell Ethereum, Polygon, BNB Chain, Avalanche and Cronos NFTs.
But the real innovation was the smart contracts that use 100% of revenue to buy EverGrow tokens and burn them permanently from supply.
The burn started in November with $12,500 every day buying and burning 2.7 trillion EverGrow tokens. Prices have meanwhile decoupled from Dogecoin and EverGrow's liquidity pair BNB to grow 43%.
The burn will soon ramp up after Crator – a social media-style content subscription app – launches in 2023. Again, 100% of revenue sent to burn EverGrow. The projected growth could see EverGrow prices rise from $0.0000001 to as much as $0.00001 or even $0.01 in the next five years.
Rumours have surfaced in December that Twitter is launching a native cryptocurrency: Twitter Coin. The idea would be to use Twitter Coin to pay for tips and transactions.
But after comments made earlier this year about using Dogecoin to fight bots, Elon Musk has either changed his mind or not commented at all. The Dogecoin price spike at the end of October was more speculative that something would happen – and prices have since fallen.
The most likely integration is allowing DOGE as a form of payment.
Tesla already began accepting Dogecoin payments for merchandise and for charging cars at select stations in early 2022. An integration could pump the Dogecoin prices in the short term, but there's not yet a bullish case for long-term adoption.
As an alternative, EverGrow is offering crypto enthusiasts to join a social media app and ecosystem where they earn as they interact. Users on Crator can set up paywalls for content and livestreaming, paid for in a variety of crypto. The 5% commission on any withdrawals will fund burning EverGrow.
Find out more about EverGrow here.
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