Everlodge and Dogecoin are both worth less than 7 cents right now, but their market caps and uses are very different. Which coin should you put more of your money into? We should find out.
The Potential of Dogecoin
According to their goal statement, Dogecoin wants to be the currency of the people. But what exactly does that mean? A whale moved over 253,419,377 DOGE (worth $16,052,287 at the time) from Robinhood to an unknown wallet a day before the beloved Balltze, also known as Ball Ball, died. The price hasn’t gone down yet.
This information shows two important things about Dogecoin. First, it is a large-cap currency that is hard to upset. Second, these pieces of news are the most important things to happen to Dogecoin this year, other than when Elon Musk quickly changed the Twitter logo to a Dogecoin meme.
This year, there was one issue when one of the core developers, Ross Nicholl, quit, saying that he was too stressed out. This could be one reason why the code hasn’t been changed since last year.
Aside from all of this, what is the future of this currency?
Since there doesn’t seem to be much happening right now, it seems like only a bull run could raise the price of DOGE.
Dogecoin has a growing tokenomics system, which is different from many other cryptos like Bitcoin. The team is right to point out that Bitcoin won’t be fully mined for a very long time, so it will be inflationary for a long time. However, many other cryptocurrencies have already released all of their supply or will do so in the next few years, so they will be deflationary in the future.
Even if the market capitalization of all cryptocurrencies triples and DOGE goes up with it, the price will only be $0.18. If that’s your plan, why not choose a coin with more promise that could see much bigger gains?
The Potential of Everlodge
Everlodge has a clear use case: it lets people invest in the co-ownership of vacation and holiday homes all over the world. By tokenizing properties with NFTs, Everlodge can divide them into smaller pieces and sell the NFTs on their platform and on Opensea.
This means that people can choose to spend as little as $100 on a property in, say, Los Angeles or the Bahamas. Then, they will get an equal share of the rent money.
Everlodge is brand new, while Dogecoin has been around for a while. This is both a strength and a weakness. As with any new project, there are risks involved. Many good plans never turn into a business that can make money.
But the idea is strong because big investors like Blackrock are getting into the business of tokenizing homes and other assets. We also know that the smart contract has been checked out and that the team has been “Know Your Customer”d.
When you invest in a new project like Everlodge, you’re getting in very early, which means that if the project does well, you can make huge profits that a large-cap cryptocurrency like Dogecoin can’t give you.
The ELDG token has many uses and benefits for its owners, and it will be an important part of the economy. This means that the price action will last for a long time.
As Everlodge is still in the beta stage of the presale, the starting price of an ELDG coin is $0.01. But it’s almost out, at which point each ticket will be worth $0.012. The token will start out at $0.038 on Uniswap. After that, the price will be set by the market, and experts estimate that it will be worth 30 times that amount on the first day.
If you are interested in Everlodge, you should read their report to learn about all of their plans.
Conclusion
Dogecoin and Everlodge are both worth less than 7 cents, but their market caps and uses differ significantly. Dogecoin aims to be the currency of the people, with a growing tokenomics system and potential for inflationary gains.
Everlodge, on the other hand, focuses on co-ownership of vacation and holiday homes through tokenizing properties with NFTs. While Dogecoin has been around for a while, its newness and potential for significant profits make it a strong investment choice.
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