A decade ago, the idea of digital currency based on a meme dog would have been absurd. And then Dogecoin came in 2013. And presently, the top two meme coins of Dogecoin and its rival Shiba Inu hold $20 billion and $16 billion in the market capitalization respectively. But what about the new player in the market, Evergrow Coin? Can that surpass Doge? In this article, we are going to have a look at the comparison of Dogecoin vs Evergrow Coin. With that let us have a look at Dogecoin and Evergrow Coin news.
What Is Dogecoin?
Before we get into the comparison on Dogecoin vs Evergrow Coin, let us know about these meme coins in a bit more detail. Dogecoin is a P2P (peer-to-peer), open source digital currency. It is thought of as an Altcoin and an almost sarcastic meme coin. Released in December 2013, it carries the image of Shiba Inu (a dog breed) as its logo.
This crypto began something as a joke, but after its creation, it received a following. By late 2017, it was taking part in a digital currency bubble that increased the price of many coins significantly. After the 2018’s bubble burst Dogecoin lost much of its value, but there are still a group of core supporters who trade it and also use it to tip their content on Reddit and Twitter.
What Is Evergrow Coin?
The Evergrow Coin crypto is a comparatively new digital currency on the Binance Smart Chain and is rewriting DeFi (decentralized finance) tokenomics with its revolutionary smart contracts. After distributing $30 million in $BUSD as rewards, EverGrow lately passed the mark of 117,000 token holders. With a complete supply of 1,000,000,000,000,000, this coin has already burned 52.25 percent of the total supply. The holder of EverGrow Coin earns an 8 percent reward via each transaction in $BUSD, which is sent automatically to the wallets of the holder. As per Evergrow Coin price prediction, the value of the token can attain around $0.000001020 USD by the end of the year 2026. So if you are wondering how to buy Evergrow Coin, then the crypto is presently available to trade on the following exchanges:
- PancakeSwap (V2)
- Coinsbit, Zt.com
Dogecoin Vs Evergrow Coin: Crypto To Explode Now
While Dogecoin was designed seemingly as a joke, the blockchain of this crypto still has merit. Its underlying technology is obtained from Litecoin (LTC). Notable features of Dogecoin, which uses a script algorithm, are its low value and unlimited supply.
On the other hand, each transaction among two ECG wallets is taxed at 14 percent that including the purchase or sale transactions on DEX (decentralized exchanges) such as Pancakeswap. 8 percent of each purchase or transfer or sale is distributed among the holders in $BUSD, which offers them with an added opportunity of earning along with capital gains. Now that you know about each of these coins in a gist, let us start with Dogecoin vs Evergrow Coin.
Dogecoin – Elon Musk’s favorite crypto
So let us begin this Dogecoin vs Evergrow Coin with DOGE. Dogecoin has become involved with Tesla CEO Elon Musk. The meteoric increase of DOGE in last Spring was involved with Musk writing Tweets related to the crypto token, terming it his ‘favorite’. Recently in February Tesla declared DOGE could be used for recharging a Tesla at the Santa Monica supercharging station.
Again this week Dogecoin witnessed a price rise of more than 5 percent after Musk joked on Twitter about purchasing the social media network and swapping the logo of the bird for the infamous Doge meme. This crypto has also this week been added to the BTC of America ATM operator, as well the trading application Voyager. In other news, the famous trading application Robinhood was discovered to hold almost $6 billion in Dogecoin which is about 30 percent of the total.
Despite the good news for this crypto, analysts have pointed to a ‘falling wedge’ set up in the price movements of DOGE. As per the veteran investor Tom Bulkowksi, a falling wedge indicates a ‘poor performer’ when predicting the latest bullish cycles.
EverGrow Coin – passive income built on strong utilities
In this comparison of Dogecoin vs Evergrow Coin, EverGrow Coin on the contrary has been making headlines in recent times as it declares two latest applications to disrupt the crypto space. One of these is a non fungible token (NFT) marketplace that enables borrowing against digital assets as collateral. This widens a brand-new way for developing income from NFTs without selling them, and on the cheaper and faster BNB Chain rather in comparison to Ethereum.
The next application to drop soon is Crator, which is the first serious content subscription channel that associates crypto payments along with fiat currency. Content creators can set varied subscription tiers, toggle between free and paid-for live streaming, and can also facilitate tips for their content. The crypto integration will enable payments secure and fast and on blockchain technology, while a 5 percent commission is prominently lower than OnlyFans’ 20 percent cut and Patreon’s 9-12%.
These applications are created for generating profit that is 100 percent pumped back into EverGrow Coin, either directly in form of rewards or into strategic coin burns. This adds to the reflection of tokenomics of the EverGrow Coin which has paid more than $35.5 million to investors in five months via a 14 percent transaction tax. So this is indeed the next cryptocurrency to explode 2025.
Dogecoin Vs Evergrow Coin: Verdict
After this comparison of Dogecoin vs Evergrow Coin, it can be concluded that EverGrow Coin is the latest crypto project with a market cap of nearly $230 million that is well below Dogecoin’s $20 billion. What Dogecoin gets in is the media attention EverGrow Coin has on a strong basis. Investments are best when widened, and these two projects portray competing sectors in the crypto space most likely to increase this year.