Will Dogecoin price ever hit $1? Unlikely, but EverGrow might

It doesn't take a lot of math to see why the Dogecoin price will struggle to hit $1.

Dogecoin currently has a circulating supply of 133 billion. For the Dogecoin price to hit $1, it means the Dogecoin market cap needs to grow over 1,500% from a current $8 billion to $133 billion. 

Dogecoin would need to have a higher market cap than Nike, Royal Bank of Canada, IBM, Intel, Netflix, Dior, HSBC, Goldman Sachs, PayPal, Rio Tinto, BlackRock and more to hit $1.

OK, so the Dogecoin price might not hit $1 this year (or next).

But what about the Dogecoin price prediction for 2030 or 2040?

The problem is that DOGE is an inflationary token growing at a rate of 5 billion coins per year. By 2030, the Dogecoin circulating supply will be $173 billion. By 2040, $223 billion.

Every year, the distance to hit $1 gets longer.

With the next crypto bull market out of sight while global economies struggle with rampant inflation, recession and a cost-of-living crisis, are you prepared to bet on a pipedream?

If not, here's why you should check out hyper-deflationary token EverGrow.

EverGrow could hit $1 within next decade 

EverGrow has a current price of $0.00000015. 

But even though Dogecoin is closer to $1 ($0.06) EverGrow is on track to hit $1 before Dogecoin.

EverGrow comes with a 14% transaction tax, with 8% redistributed as stablecoin rewards to holders and 2% kept for buyback & burn. The burn tax is automatic and burns tokens whenever it reaches a threshold.

Since launching in September last year, EverGrow has burned through 53% of the initial supply. The token had a starting supply of 1,000,000,000,000,000 and is currently burning an average of 55,436,702,455 tokens every day.

At the current rate, EverGrow is predicted to reduce its circulating supply enough to get close to $1 within 30 years.

But the launch of a new ecosystem is expected to bring the $1 deadline much closer.

EverGrow launched an NFT marketplace – LunaSky – and announced 100% of all revenue from fees will be used to buyback & burn EverGrow. With the sales of an in-house NFT collection also going towards buyback & burn, EverGrow raised more than $200,000 for burns in five days of operation.

EverGrow boss Sam Kelly predicted that the extra revenue stream could mean $20,000 of EverGrow sent to the burn wallet every day for the next 60 days – that's more than double the current burn rate.

The successful launch of the Lucro high-volume ecosystem token (the transaction tax is just 1%, with 0.8% for buyback & burn) is also contributing to the burn of 0.4% of the EverGrow initial supply per year (some 4 trillion tokens).

FIND OUT MORE

EverGrow website: https://evergrowegc.com/

Lucro token website: https://lucrotoken.com/

EverGrow Twitter: https://twitter.com/evergrowcoinEGC

Lucro Twitter: https://twitter.com/lucrotoken

EverGrow price: https://poocoin.app/tokens/0xc001bbe2b87079294c63ece98bdd0a88d761434e

Lucro price: https://poocoin.app/tokens/0x988f7c894e4001eeb7b570cde80dffe21cf7b6b9