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\nby Analytics Insight<\/a>\t\t<\/span>
\nFebruary 24, 2022<\/a><\/span>
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![\"Dogecoin\"](\"https:\/\/analyticsinsight.b-cdn.net\/wp-content\/uploads\/2022\/02\/DOGECOIN-SHIBA-INU-1024x576.jpeg\")
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Dogecoin<\/span><\/a> went viral again this week after news a KFC branch in Utah would now accept DOGE as payment. Unfortunately for Dogecoin lovers, the news turned out to be fake. Meme-coins like DOGE experience massive price pumps following news announcements like this \u2013 which demonstrates both the power and problems of these crypto tokens.<\/span><\/p>\n Like all top 20 major cryptos (except for stablecoins) meme-coins DOGE and Shiba Inu have fallen sharply in price over the last week. Dogecoin is down 24% \u2013 which is still better than Shiba Inu\u2019s 30% tanking in price. Yet DOGE remains the top meme-coin on the market with a $15 billion valuation and 132,670,764,300 DOGE in circulation.<\/span><\/p>\n Meme-coins had their moment last year, and especially Dogecoin following announcements that Tesla began accepting DOGE as payment. As of February 2022, Tesla announced DOGE could now be used at a supercharging station in Santa Monica in the US.\u00a0<\/span><\/p>\n While further merchant adoption is probable in 2022 today we\u2019re questioning the longevity of meme-coins. In this article we\u2019ll compare Dogecoin to crypto newcomer EverGrow Coin and ask: are utility-based coins the new Dogecoin killer?<\/span><\/p>\n \u00a0<\/p>\n Dogecoin is based on the popular \u2018doge\u2019 meme from around 2013. Spin-offs show a Shiba Inu surrounded by Comic Sans words \u2013 especially the mispronunciation of dog as \u2018doge\u2019. Billy Markus from Oregon and Jackson Palmer from Australia created the token the same year as a light-hearted crypto seeking appeal outside the Bitcoin audience.<\/span><\/p>\n Dogecoin\u2019s fundamental structure differs from Bitcoin, however, in that there\u2019s an unlimited supply of DOGE \u2013 currently 132,670,764,300 tokens exist. The coin was initially used to tip Reddit or Twitter users, but uses have become increasingly creative. In 2014, for example, more than 26m SHIB was raised (roughly $25,000 at the time) to help send the Jamaican bobsleigh team to the olympics. Over the years Tesla founder Elon Musk has called it his \u2018favourite\u2019 crypto token, which kicked off furious DOGE rallies. DOGE hit an all-time high of $0.7376 back in May last year off the back of media coverage. (DOGE is currently trading at $0.1125).<\/span><\/p>\n While media hype is great for meme-coins like Dogecoin, the coin can\u2019t always survive off it. Dogecoin saw a major blow this week as top developer Ross Nicoll stepped back after claiming it was \u2018overwhelming\u2019 to keep pushing the token forwards. Nicoll also said that 2021 was challenging due to numerous parties \u2018registering trademarks for Dogecoin\u2019 despite no affiliation to the Dogecoin Foundation.\u00a0<\/span><\/p>\n Dogecoin is still a popular and well-loved token but it\u2019s not clear how 2022 will bode for DOGE \u2013 and meme-coins in general. Dogecoin and Shiba Inu have seen some of the highest losses of major cryptocurrencies. Tesla\u2019s further adoption of Dogecoin \u2013 as well as news of Dubai\u2019s first DOGE-themed fast food restaurant \u2013 will hopefully encourage further developments to the coin\u2019s price.<\/span><\/p>\n \u00a0<\/p>\n Ever-Grow Coin is a crypto newcomer that only launched in September last year. However the coin intended from the start to build in strong fundamentals and utilities that could survive without a major marketing campaign, freak news stories or bullish markets. The first major utility built into the token is its rewards paid out daily in BUSD (Binance pegged US dollars). An 8% on all Ever-Grow Coin (EGC) transactions is redistributed to coinholders\u2019 wallets without them swiping a finger. To date more than $34 million has been paid out.<\/span><\/p>\n Ever-Grow Coin<\/span><\/a>\u2019s plans for 2022 focus on developing an ecosystem of in-house applications that generate extra revenue for EverGrow\u2019s team of developers and top finance professionals. According to EverGrow\u2019s white paper, any profits will be used to buy back and burn (BBB) EGC tokens on the market and send them to a burn wallet. This tackles a major problem of meme-coins \u2013 that they have unlimited supplies \u2013 while also generating extra rewards for token holders.\u00a0<\/span><\/p>\n The first application expected to see roll-out before the end of March 2022 is Crator, the world\u2019s first crypto integrated social media platform. Content creators can receive either EGC, other crypto tokens or fiat currencies as tips or subscriptions. Advertising will also generate revenue from the platform to benefit all EGC holders.\u00a0<\/span><\/p>\n There\u2019s no doubt that meme-coins have unparalleled popularity. They appeal to a wide range of people far outside the crypto space, though they have their own problems of continuing to stay relevant. New crypto coins like EGC build on the meme culture of Dogecoin but have utilities built in from the get go. As many analysts are eyeing up EGC as the next big crypto it asks the question: are coins like <\/span>Ever-Grow Coin<\/span><\/a> the real Dogecoin killers?<\/span><\/p>\n<\/div>\n Do the sharing thingy<\/span><\/p>\n<\/div>\n More info about author<\/span><\/p>\nThe rise of Dogecoin<\/b><\/h3>\n
Enter Ever Grow Coin\u00a0<\/b><\/h3>\n
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