EverETH price prediction: What is EverETH?
By Peter Henn
14:16, 14 September 2022
The EverETH system promises to allow its investors to earn passive income. So what is EVERETH? Let’s find out more, and cast our eyes over some of the EVERETH price predictions that were being made as of 14 September 2022.
EverETH explained
One of the biggest players in cryptocurrency is Ether (ETH), the native token of the Ethereum blockchain. While Bitcoin (BTC) is the only cryptocurrency larger than Ether at the time of writing (14 September 2022), the Ethereum blockchain offers a range of uses that the Bitcoin protocol does not. For instance, people are able to create decentralised applications (DApps) on the network, as well as use the system for transactions and protocols. As a result, ether has become a popular coin among crypto investors.
What also drives the value of ETH is the concept of decentralised finance, or DeFi. To put it very simply, DeFi is the idea that you do not need to have a conventional bank in order to take advantage of financial services, such as loans or investments. In terms of investments, DeFi allows people to make what we might well describe as a passive income, with people able to cash in the interest, or yield, that they earn through holding and staking a cryptocurrency.
Therefore, it was logical, that there could be a blockchain-based network that allowed people to earn ETH as a yield without necessarily having to hold Ether themselves. Step forward EverETH, a platform that claims to give users the ability to earn ETH by simply holding a token.
The native token of the EverETH blockchain platform is the appropriately named EVERETH. People who hold this cryptocurrency can, at least in theory, earn ETH just by holding EVERETH. According to a press release from the organisation: “EverETH was established to generate passive revenue for the community. Simply holding EverETH in the wallet will earn Ethereum. The project represents a totally decentralised, open-source platform that is entirely driven by the community. The more EverETH owned, the more ETH will get automatically in the wallet.
“Holding EverETH is more profitable than an Ethereum mining rig because EverETH is a reflection token. Every transaction is automatically activated by the smart contract to counteract any major sell-offs or general market volatility.
“For example, an Ethereum mining rig will costs around $3,000, and return of investment will be less than what $3,000 worth of EverETH will generate.”
Neither the system’s website, nor the cryptocurrency’s whitepaper, are able to explain exactly how the token allows people to earn ETH. This, coupled with the fact that no founders of the platform has been identified, might well serve as a potential red flag to investors. We have contacted EverETH about how it lets people earn ether, but have not yet received a reply.
The EverETH whitepaper says: “We have designed and built EverETH with a vision to bring together a successful token based on Ethereum due to the original thriving success as it holds currently the second highest market value behind Bitcoin and has a huge future in the overall crypto market.
“Our experienced team focused on offering investors a double return. Invest inEverETH, which after development will massively increase in value and gain in Ethereum which in the long run will dominate the crypto market. EverETH aims to create online spaces for members to socialise, buy, trade and invest in cryptocurrencies together while earning Ethereum.”
Because EVERETH operates on the Binance Smart Chain (BNB), it is a token, rather than a coin. While you might see references to such things as an EVERETH coin price prediction, these are not, strictly speaking, accurate.
EVERETH price history
EVERETH price history from launch to present - Credit: Capital.comEVERETH’s price history should never be taken as an indicator of future results. However, knowing what the token has done in the past can give us some very useful context for if we want to either interpret an EVERETH price prediction or else make one of our own.
EVERETH first came onto the open market in September 2021, when its price was less than $0.000000000001. A spike at the end of October saw it reach an all-time high of $0.0000002309. It soon slid down, and closed the year trading at $0.00000001554.
So far, 2022 has not been a good year for cryptocurrency in general, or for EVERETH in particular. The token has, with the exception of of a spike to $0.00000001817 on 10 January, largely been on the decline over the course of the year, falling to $0.000000000988 on 12 May in the wake of the depegging of the UST stablecoin and the collapse of the UST stablecoin. On 19 June, after the news of the cancellation of withdrawals on the Celsius (CEL) crypto lending platform, it dropped further, to $0.000000000878. There has been some recovery since then, perhaps most notably in the run up to Ethereum’s Merge, when EVERETH reached a high of $0.000000009865 on 13 September.
As of 14 September 2022, the EVERETH price stood at about $0.000000005485, according to CoinMarketCap. Although that site did not have active circulation details, CoinGecko said that there were more than 378 trillion EVERETH in circulation out of a total supply of one quadrillion. This gave the token a market cap of around $2m, which, CoinGecko said, made it the 1,549th largest crypto by that metric.
EVERETH price predictions
Pprice forecasts, especially for something as potentially volatile as cryptocurrency, very often turn out to be wrong. Also, you should be aware that long-term crypto price predictions are often made using an algorithm, which means that they can change at a moment’s notice. That said, let’s nowlook at some of the EVERETH price predictions that were being made on 14 September 2022.
DigitalCoinPrice made an EVERETH crypto price prediction which suggested that the token could reach $0.00000000658 in 2022, before rising to 0.000000011 in 2023 and $0.0000000152 in 2024. By 2025, the crypto’s price could potentially stand at $0.00000002, before, the site said, it could drop to $0.0000000171 in 2026. By 2027, the suggestion was that the token could recover to be worth about $0.0000000243, reaching $0.0000000371 the following year and potentially closing the decade at around 0.0000000485. The site then went on to make an EVERETH price prediction for 2030 of $0.0000000682, before indicating that the token could reach $0.0000000927 in 2031.
CoinArbitrageBot had an EVERETH crypto price prediction that saw the token trade at $0.000000003515 by the end of the year, with it reaching a potential $0.000000006255 in 2023. The following year, the site said that the crypto could reach a little over $0.00000001, before it made an EVERETH price prediction for 2025 of $0.00000001637.
AMBcrypto had an incredibly bullish EVERETH price prediction for 2022, suggesting that the token could trade at an average price of a little under $3.90 this year. In order for it to do so, it would need to grow by something like 80,000,000,000% over the course of the next few months, which you might consider to be rather unlikely. Anyway, the site also said that the token could be worth $6.40 in 2025 before dropping to about $2.11 in 2030.
Finally, WalletInvestor was rather more downbeat when it came to making an EVERETH price prediction. The site argued that the token could lose a lot of its current value over the course of the next 12 months, dropping down to stand at just $0.000000000175 by September 2023.
When considering an EVERETH token price prediction, it is important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or token’s price will be in a few hours, and even harder to give long-term estimates. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.
If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns. Never stake money you could not afford to lose.
FAQs
Is EVERETH a good investment?
It is difficult to say. A big roadblock comes in the way that, despite the token’s promises, it never actually explains how people can earn ETH through holding a crypto based on the Binance Smart Chain. A lot will depend on how The Merge goes, and how the market behaves in general in the future.
Remember, you should always carry out your own thorough research before making an investment. Even high market cap cryptocurrencies have proved vulnerable to the current bear markets. So investors should be prepared to make losses and do not put at risk any money you cannot afford not to get back.
Will EVERETH go up or down?
It is hard to tell. While such sites as DigitalCoinPrice are upbeat in their forecasts, the likes of WalletInvestor are far more bearish when it comes to what they think might happen. It is important to remember that price predictions very often turn out to be wrong, and that cryptos can be incredibly volatile, so prices can go down just as quickly and as easily as they can go up.
In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether MX Token is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. Never put at risk more money than you can afford to lose.
Should I invest in EVERETH?
This is a question that you will have to answer for yourself. Before you do so, however, you will need to conduct your own research and never invest more money than you can afford to lose because prices can go down as well as up.
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