If you're new to crypto, you're bound to be full of questions.

• What is Dogecoin?
• What is Shiba Inu?
• How do currencies based on a dog have huge followings?
• How much ROI can I make on Shiba Inu and Dogecoin?
• What are tokenomics and how do I differentiate the value of Dogecoin from Shiba Inu?

We're going to answer all these questions for you below.

We will do this with help from one of the fastest growing cryptocurrencies on the market – EverGrow – which took elements from Dogecoin and Shiba Inu and built them into its fundamentals, aka its tokenomics.

By reading this post, you'll get a handle on identifying the pros and cons of popular cryptocurrencies and learn how to build a winning portfolio.

Ready to go?

Let's jump in.

What is Dogecoin?

In the year 2013, the infamous 'doge' meme featuring a Japanese Shiba Inu dog surrounded by Comic Sans text was voted 'meme of the year' by Know Your Meme.

Back then, cryptocurrencies were experiencing an explosion as a brand-new investment vehicle.

Projects began popping up with promises to restructure the global financial industry.

To poke fun at these serious projects, software engineer Billy Markus copied the code of another cryptocurrency – Litecoin – then changed all the fonts to Comic Sans and called it 'Dogecoin'.

It was a joke. But before 2014 was out DOGE was already a major cryptocurrency and curried favour as a mechanism for tipping popular posters on sites like Reddit as well as fundraising for charitable causes.

People loved the fun nature of Dogecoin as an alternative form of currency and – just like how memes get more shares on the Internet than serious economic op-eds – made millions of people aware of it.

What is Shiba Inu?

Shiba Inu takes direct inspiration from Dogecoin – with a twist.

Nobody knows who built the Shiba Inu cryptocurrency, and all we have to go on is a pseudonym Ryoshi.

But this was all part of Ryoshi's plan which he called an 'experiment' in spontaneous community building.

By early 2021, Ryoshi completely stepped back from Shiba Inu and sent 50% of the total supply to the Ethereum co-founder Vitalik Buterin. Buterin could have cashed in on the SHIB which would have been worth around $20 billion by October last year. But he didn't.

Buterin instead burned 41.02% of the total Shiba Inu supply and sent the rest to a COVID-19 relief fund in India and a PhD fellowship programme.

Shiba Inu rapidly entered the news cycle and as it gained a huge investor base became a firm top 20 cryptocurrency.

What is EverGrow?

EverGrow launched in September 2021 with plans to counteract some key problems with Dogecoin and Shiba Inu.

• Dogecoin has an ever-increasing supply, meaning that inflation will stay between 2-5% annually for at least the next five years.
• Shiba Inu is a decentralised project meaning that any further coin burns must be undertaken either by a lone project or investor or community leader encouraging a burn campaign.

To solve these problems, the EverGrow whitepaper laid out a number of solutions that crypto investors come to know as 'tokenomics'.

Tokenomics is a portmanteau of 'token' and 'economics' and means any features or fundamentals which make a cryptocurrency attractive to investment.

Here's what EverGrow put in place:

• EverGrow styled itself as a 'hyper-deflationary' token
• EverGrow charges a transaction tax, with 2% of every buy or sell order set aside for monthly, automatic buyback and burn
• EverGrow created a hybrid management model whereby lead developers and core team members did not pre-allocate a large amount of supply for themselves (as with Dogecoin) nor do they hide behind pseudonyms and hope the community sets things in motion (as with Shiba Inu)
• Each leading EverGrow member bought up their own investment position and began earning from the same mechanism any other investor can enjoy: BUSD reflections
• The total EverGrow tax is at 14%, with 8% redistributed instantly in the BUSD stablecoin to all investor's wallets, 3% set aside for liquidity on crypto exchanges, 2% for buyback and burn and 1% to fund marketing efforts

Like Shiba Inu, EverGrow builds a community around the $EGC token – but it incentivises this with daily automatic BUSD rewards and automatic coin burning.

Do you see have a better handle on how tokenomics seek to make a cryptocurrency more attractive to investors?

Do you understand how EverGrow aims to better Dogecoin and Shiba Inu's success?

Great, let's move on.

How do Dogecoin, Shiba Inu and EverGrow generate ROI?

Like the vast majority of cryptocurrencies, Dogecoin and Shiba Inu generate ROI by increasing in price.

If the price of DOGE or SHIB is higher than when you invested, you can sell up for a profit.

EverGrow coin is an exception because the intention is to earn crypto passive income from BUSD rewards while you keep holding on to your underlying $EGC.

But no matter, let's look at how much ROI you could have made by investing $1,000 in Dogecoin, Shiba Inu, and EverGrow in the past 12 months.

$1,000 investment in Dogecoin

The key to making ROI from a crypto investment is identifying when prices are low.

Dogecoin put in its highest price to date over 12 months ago when it was valued at $0.7376 in May last year.

While any Dogecoin investment in the past 12 months would have fallen in value by July 2022 at the time of writing, there have been numerous opportunities for ROI.

For example, in early August last year, the price of DOGE was $0.196. A $1,000 investment in Dogecoin would have given you 5,102 DOGE.

By mid-August the price of Dogecoin rose to $0.342 – your DOGE portfolio would now have been worth $1,745. That's an ROI of 75% in under two weeks.

$1,000 investment in Shiba Inu

The lowest Shiba Inu prices in the past year occurred after the bull market in May but just before the next bull market which began at the beginning of October.

The price of Shiba Inu mid-September for example fell to $0.000006.

Had you bought $1,000 then you would have held 167 million SHIB? By October, the price of Shiba Inu pumped to $0.0008. Your Shiba Inu portfolio would now have been worth $13,333.

That's an ROI of 1,233% in under 6 weeks.

$1,000 investment in EverGrow

EverGrow launched in September last year with a price of $0.0000000075.

Had you bought $1,000 worth, you would have owned 13.3 billion $EGC. By November the price of EverGrow rose to $0.000003379. Your portfolio would now have been worth $45,503.

That's an incredible ROI of 4,450% within two months of investing.

But hold on – with EverGrow there are also BUSD rewards. If you visit the EverGrow Community tab, check out one of the calculators, and set the daily trading volume to the rough average of $20 million that EverGrow enjoyed from September-October you get this monthly figure: $1,436.

Over two months, this means you could have easily made $2,500 just from BUSD reflections  – an ROI of 150% without cashing in on your original investment.

How do I know when Dogecoin and Shiba Inu prices are going to rise?

ROI in crypto depends on buying at a low price and selling at a higher price.

Except in the case of EverGrow – where you can continue earning crypto passive income – you'll need to be able to read price charts and get a feel for the wider crypto market to know when things are on the up.

Cryptocurrencies are currently going through a bear market.

The Dogecoin and Shiba Inu prices are down 70-80% from the all-time highs of last year. Many analysts suggest that a crypto bull market will not come around until 2023 or even 2024.

While it seems a long wait, bear in mind that prior to 2021 the last Dogecoin all-time high came in 2018. Anyone who came into the market at the right time last year was very lucky to make ROI.

But don't be put off. The Shiba Inu and Dogecoin prices are currently so low there's a huge potential for you to make the kind of ROI we've explored in this article within the next two or three years – in the world of investing, that's unimaginable. Most traditional investors will hold onto stocks for 3-5 years at least before cashing in, and often at a 10-20% return.

What about EverGrow?

The exception again is EverGrow.

There are an estimated more than 12,000 cryptocurrencies in circulation today. Only 50 of them have a market cap above $1 billion.

EverGrow is a small cap cryptocurrency with a market cap of just $90 million. If you want to make ROI faster than what we've seen with Shiba Inu and Dogecoin, you can strategically invest in smaller cryptocurrencies like EverGrow which you analyse are primed for breakout sooner than an industry-wide bull market.

EverGrow is quickly gaining investors while prices are suppressed because of the scale of BUSD rewards possible when prices return. This in itself is enough to increase daily trading volume by over $1 million – which would keep you earning a nice $80 monthly from a $1,000 investment today.

If that daily trading volume can get to its peak in 2022 of $12 million, your $1,000 investment will be earning $861 monthly.

Sound good? Have a read of the EverGrow website and find out more. The community leaders will be happy to answer any questions you have.