Can EverGrow Coin repeat Dogecoin’s huge returns in 2022?

EverGrow Coin helps to encourage investors to stick around by sweetening the deal with BUSD rewards along the way.

Dogecoin has yielded huge returns for its investors who backed the project from early on.

Dogecoin started last year with a price of $0.005685. By May the price had rocketed to $0.7376 offering investors a return of 12,900% within five months. The Dogecoin return would have given you close to $130,000 from an initial investment of $1,000.

This year many are asking can EverGrow Coin do the same?

A quick reminder – last year's SlumDOGE Millionaire

It was exactly in May last year that the first Dogecoin millionaire announced hitting 7 figures. The so-called SlumDOGE Millionaire had gone all-in with his life savings of around $250,000 on Dogecoin in February of that year when Dogecoin had already risen to a price of $0.45.

While the above story made for great headlines, and turned the SlumDOGE Millionaire into an overnight sensation, his story is far from the norm in crypto. 

The recent collapse of TerraUSD and the Terra Luna token is further proof that not all bets succeed. A quick browse of Twitter will yield many stories of people who put their entire life savings of $250,000 into Luna and lost it all within a few heart-stopping days.

It doesn't mean we won't see Dogecoin's huge returns again – but it does advise strong caution to look for cryptocurrencies with robust utilities at their core.

EverGrow Coin – crypto created by investors, for investors

EverGrow Coin has a top investment professional at its head – Sam Kelly, one of Europe's leading investment advisors and financial planners. 

With years of experience growing investment portfolios, Kelly has helped to build strong utilities into EverGrow Coin which ensures long-term success while teaching the principles of good investing along the way.

For example, a sound investment strategy should plan to see profits 3-5 years down the line. EverGrow Coin helps to encourage investors to stick around by sweetening the deal with BUSD rewards along the way. When investing in EverGrow Coin you'll notice a 14% tax on buy/sell orders. 

Note that 8% of this tax is distributed to existing investors. This discourages existing EverGrow Coin holders from selling, while also meaning that holders can earn stablecoin passive income from all newcomers to the space. To date, EverGrow Coin has paid $37 million in BUSD rewards to investors.

The EverGrow Coin roadmap is much broader than this, however. The project is about to drop a ground-breaking NFT marketplace – LunaSky – followed by the first content subscription platform to integrate both fiat and crypto payments – Crator.

Before the end of 2022, EverGrow Coin will also build its applications into the innovative The Abstract metaverse. 

All of these drops will bring new investors to space while increasing the use cases of EverGrow Coin and creating further stablecoin passive income for existing EGC holders.

Conclusion – can EverGrow Coin repeat Dogecoin's huge returns in 2022?

The cryptocurrency space is still in its infancy, and EverGrow Coin has the benefit of hindsight from watching thousands of projects triumph and fail. 

It's not for certain that Dogecoin will offer the same huge returns it gave in May last year. It¡s worth noting that while Bitcoin and other leading cryptocurrencies put in all-time highs in November last year, Dogecoin has not bettered its sky-high price from a year ago.

EverGrow Coin comes with far stronger utilities than Dogecoin. While it might not see a rapid spike in prices like Dogecoin, it is designed to bring those same huge returns over a much longer – and arguably more sustainable – investment timeline.