Dogecoin vs EverGrow – What No One Tells You About DOGE

If you're considering investing in Dogecoin in 2022, chances are that inflation is on your mind.

Inflation was at 9.1% in the USA in June.

Naturally, you want to ensure your hard-earned cash keeps its value. And so you might be attracted by the potential ROI from a Dogecoin investment – after all, Dogecoin pumped 12,875% in price inside the first five months of last year.

But hold on a second.

There's something that not a lot of people tell you about Dogecoin: which is, it also suffers from inflation.

Around 5 billion DOGE enter the Dogecoin supply each year. For the foreseeable future, Dogecoin will have an inflation rate around 4%. It also means that Dogecoin will need a bigger and bigger market cap to get back to previous all-time highs.

Dogecoin co-founder Billy Markus posted a Tweet this year complaining that everyone who contacts him with a grand idea to pump DOGE to $1 (the price in August 2022 is $0.07) always suggests capping the DOGE supply.

Markus always replies he can't.

This is because:

• Billy Markus is not in charge of Dogecoin anymore – the lead development team is the Dogecoin Foundation
• The extra 5 billion coins paid to Dogecoin miners are what incentivise the validation of DOGE transactions – take this away, and security is compromised

The problem of inflation is not something you'll read about in the wild headlines about Dogecoin pumps or Tweets from Elon Musk or Mark Cuban.

But the problem exists all the same.

Let's look today at why a hyper-deflationary cryptocurrency might bring better ROI to your crypto portfolio.

EverGrow – 53% of supply destroyed in 10 months

EverGrow is one of the hottest altcoins in the crypto space right now.

You're about to see why.

EverGrow charges a 14% transaction tax on every buy or sell order, from which 8% is destined for rewards and 2% for buyback and burn (the remaining 4% is split between liquidity and marketing and development).

From this 2% tax, in just 10 months EverGrow has bought up and removed 53% of the initial supply of $EGC tokens from circulation. If you don't believe it, check the top wallet on BSCscan.com.

What this means is that year-on-year the value of your EverGrow position will increase even if demand stays the same.

It also means that EverGrow prices will increase faster during a bull market.

Meanwhile, the Dogecoin supply is currently 132.67 billion DOGE. It means that taking Dogecoin to a price of $1 today requires a market cap of $132.67 – next year it will need $138 billion, then $143 billion, and so on.

But can't Dogecoin hit $1 in the next bull market?

The possibility is there – but look at last year's price ticker for Dogecoin.

DOGE hit its all-time high of $0.7376 in early May last year. Crypto had entered a bull market a month previously with Bitcoin reaching a price of $64,000. But when Bitcoin pumped again to $69,000 in November the price of Dogecoin didn't come close to a new all-time high.

The reasons for Dogecoin putting in its all-time high coincided with the backing of billionaire Elon Musk. More precisely, the price of $0.7376 came just hours before Musk appeared on Saturday Night Live.

The price of DOGE then plummeted down to $0.18 within two months.

What this demonstrates is how much Dogecoin relies on stories in the media and general hype to hit an all-time high. When it comes to fundamental value there's not a lot going for DOGE.

Surely the Dogecoin team is building out use cases for DOGE?

The Dogecoin Foundation has the following vision: to create digital currency humanity could use to 'buy a coffee or pay the rent'.

Understanding this goal is core to understanding the potential of a Dogecoin investment.

Think about it.

Bitcoin is still experiencing huge price volatility. You're unlikely to find many people buying a coffee or paying the rent with a BTC that could double or triple in price within the next 12 months.

But people might well use an inflationary digital currency like Dogecoin to do so.

Why?

Because the extra DOGE each year will help to stabilise prices more than a deflationary token like Bitcoin or a hyper-deflationary token like EverGrow. That's why people are excited about Dogecoin – not necessarily as an investment, but as a digital currency they use for day-to-day transactions.

So what are the use cases for EverGrow?

EverGrow is a cryptocurrency that's designed not to be spent.

That 14% transaction tax? It's split up so 8% is instantly rewarded to all existing investors. Rewards are also paid in the BUSD stablecoin to provide a genuine source of crypto passive income.

Since launching in September last year, more than $37.5 million BUSD has been paid to EverGrow investors.

Some of the lucky early investors who bought up, say, $5,000 worth of $EGC in early October will have made $12,580 in BUSD rewards by the beginning of August. (Just use one of the EverGrow calculators to see for yourself – input a balance of 65.4 billion $EGC and input the average daily trading volume of $3,619,178 between October to July).

The passive income earning potential from EverGrow makes up for the high tax. It also creates a cryptocurrency that you don't want to be spending on coffee and rent – you'd have to pay a 14% transaction tax and take a dent in your passive income.

But if you do hold onto your EverGrow investment for a long time, you'll then be able to sell at a much higher price than you bought thanks to hyper-deflation through regular coin burns.

Should I buy Dogecoin or EverGrow in August 2022?

It depends.

If you're sold on the idea of using Dogecoin as an alternative to fiat money for your everyday purchases – then buy some DOGE! If you're in Las Vegas you can use DOGE on Elon Musk's underground transit system and even fill up a Tesla.

Dogecoin is also accepted by a huge range of merchants thanks to the BitPay payment processor.

But if you want to see a tidy ROI on your crypto investment, you'll want to check out a token like EverGrow. The altcoin just got a price prediction that would see your portfolio grow 845.6% from current prices. Meanwhile, Dogecoin got a price prediction from 54 crypto experts on finder.com just 16.3% higher than current prices.

At the end of the day, a successful crypto portfolio is a diversified crypto portfolio.

Investing in both popular cryptocurrencies like Dogecoin as well as small-cap cryptocurrencies like EverGrow can be a winning strategy.

Check out the EverGrow website to read the white paper and follow tutorials on how to buy up $EGC today.