Dogecoin has cemented its place in the crypto top 10 this May – but there's always a chance other projects like EverGrow Coin could flip the top meme-coin.
Dogecoin is undoubtedly a crypto favourite. Not only does it have the backing of Elon Musk, but it was the first meme-based currency that genuinely worked. For a very brief time following its launch in 2013, it even flipped Bitcoin.
The crypto space today is packed full of more than 12,000 contenders all aiming to join the crypto top 20. Few of them have a roadmap like EverGrow Coin.
Here's the main reason why EverGrow Coin could flip Dogecoin.
Dogecoin has huge popularity, but even its own founder Billy Markus has admitted on Twitter discussions with Elon Musk and the Robinhood CEO it has its failings.
The central issue of Dogecoin is that it has an unlimited supply. Miners can continue to mine Dogecoin ad infinitum. While Dogecoin might enjoy sudden price increases due to intense media attention or popularity, it's a tough sell for a long-term investment portfolio.
This is the main reason why EverGrow Coin could flip Dogecoin – it has been designed by investment professionals to consistently increase in value over time.
This long-term design is immediately visible in EverGrow Coin's finite supply of 1,000,000,000,000,000 EGC tokens. But EverGrow Coin is hyper-deflationary. Every EverGrow Coin transaction sees 2% from a total 14% tax kept back for coin burns.
To date, EverGrow Coin has already removed 52.89% of its tokens permanently from supply.
The beauty of EverGrow Coin's built-in buyback and burn mechanism is that it will continue no matter how expensive EverGrow Coin is. Sure, a Dogecoin flip event might be months or years off, but EverGrow Coin is designed to get there.
Now that the main reason EverGrow Coin could flip Dogecoin is out the way, let's look at why you might want to invest.
That 14% transaction tax also sees 8% distributed instantly to EGC coin holders in BUSD stablecoins. It effectively means you are earning passive income in the most secure stablecoin on the market while you wait for EverGrow Coin to flip Dogecoin.
Let's look at the maths. With an average daily volume of $3 million, that would mean $240,000 distributed to investors every day depending on position size.
EverGrow Coin not only aims to become the top hyper-deflationary token, but also the top token paying out passive income in BUSD. The extra income also helps to sweeten the deal for a long-term investment plan.
Meme tokens like Dogecoin have thrived off short-term popularity. Dogecoin hit an all-time last May but was unable to beat this figure even during the most recent crypto bull market last November.
Without extra popularity – and with Elon Musk's Twitter buyout still hanging in the balance – it's not for certain Dogecoin will see that level of popularity again.
This is what makes EverGrow Coin a great investment this year. The current low price of $0.0000002095 is a great opportunity to get in while the project is still only six months old. It could take time for EverGrow Coin to flip Dogecoin, but the roadmap for doing so is already in place.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.