Evadore Price Prediction 2024: How is EVA Doing Five Months On?
Key Takeaways
- The eco-friendly Evadore cryptocurrency came out in September 2023.
- EVA peaked in October, but has dropped, hitting an all-time low on February 21 2024.
- Can EVA recover?
- One Evadore price prediction says it can reach $0.0393 by 2025.
Evadore is one of the newest cryptocurrencies out there. Despite a stratospheric rise in its early weeks, it has since slumped.
It is not uncommon for new cryptos to grow shortly after their launch only to drop. Therefore, investors will be keeping a close eye on EVA to see whether it can regain its momentum.
The platform announced it would destroy, or burn, 1% of the total supply of EVA every month for a year in February 2024.
On February 21, 2024, EVA was worth about $0.0113.
Evadore did not immediately respond to a request for comment.
But what is Evadore (EVA)? How does Evadore work? Let’s see what we can find out, and also take a look at some of the Evadore Price Predictions that were being made as of February 21, 2024.
Evadore Price Prediction
Let’s examine some of the Evadore price predictions being made on February 21 2024. It is crucial to remember that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time. It is also important to understand that, since EVA is a relatively new crypto, forecasts may be even more inaccurate than usual.
| 2024 | 2025 | 2030 | |
|---|---|---|---|
| Prediction #1 | $0.0239 | $0.0288 | $0.0848 |
| Prediction #2 | $0.028 | $0.0393 | $0.0954 |
| Prediction #3 | $0.2655 | $0.2938 | $0.1747 |
CoinCodex had a short-term Evadore price prediction that said the token would drop to $0.0105 by February 26 and then climb to reach $0.0124 by March 22. The site’s technical analysis was bearish, with 17 indicators sending downbeat signals and just four making bullish making ones.
Evadore Price Prediction for 2024
DigitalCoinPrice said that Evadore would reach $0.0239 this year. Bitnation thought the token could get to $0.28, while PricePrediction.net had it trading at $0.0186 in 2024.
Evadore Price Prediction for 2025
Moving on, DigitalCoinPrice said EVA would trade at $0.288 in 2025, while Bitnation said it would reach $0.0393. PricePrediction.net’s Evadore price forecast said it would be worth $0.2938 next year.
Evadore Price Prediction for 2030
Looking at a more long-term Evadore price prediction, DigitalCoinPrice said it would be worth $0.0848 in 2030. Bitnation said the token would stand at $0.0954 that year. PricePrediction.net’s EVA price prediction had it reach $0.1747 by the start of the next decade.
EVA Price History
Now, let’s examine the, admittedly short, Evadore price history . While we should never take past performance as an indicator of future results, knowing what the token has achieved can provide us with useful context if we want to make or interpret an Evadore price prediction.
When EVA first came onto the open market on September 21 last, it was worth $0.07375. The following day, it sank to an all-time low of $0.03866. There was some recovery, and by September 28, it was worth about $0.062. Excitement about the new crypto saw it shoot up. On October 1, it broke through the $0.10 barrier to hit a high of $0.1103. Investors seemingly became more interested in the token and it reached an all-time high of $0.29 on October 6.
After that, it dropped, closing the year at $0.03006. The slump continued and, on February 21, 2024, Evadore was worth about $0.0113, an all-time low.
At that time, there were 173.8 million EVA in circulation out of a total supply of one billion. This gave the token a market cap of $1.9 million, making it the 1,428th-largest crypto by that metric. .
Is Evadore a Good Investment?
It is difficult to tell. EVA has fallen since it was released and is in danger of becoming a de facto deadcoin. While the platform’s aims are worthy, it is unclear how it will actually achieve anything. A lot will depend on the market as a whole and whether the team behind Evadore are capable of delivering on their promises.
As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in EVA.
Will Evadore go up or down?
No one can really tell right now. While the Evadore crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up.
Should I invest in Evadore?
Before you decide whether or not to invest in Evadore, you will have to do your own research, not only on EVA, but on other coins and tokens such as Solana (SOL) and PancakeSwap (CAKE). Either way, you will also need to make sure that you never invest more money than you can afford to lose.
Evadore (EVA) Explained
The crypto industry can be a polluting one. With blockchains, such as Bitcoin (BTC), that use a Proof-of-Work consensus mechanism requiring a lot of computing power, parts of the sector are looking for a way to offset that.
Evadore is a program that aims to give people the chance to use blockchain technology in a carbon-neutral way.
A team of Turkish crypto entrepreneurs, led by CEO Yusuf Aydemir, founded Evadore in 2023. The EVA token powers the system, which is based on the Ethereum (ETH) blockchain.
How Evadore Works
Evadore describes itself as a Regenerative Finance (ReFi) project. It features a range of facilities, including a crypto wallet, a payment service and a lending facility. The platform’s profits are, for want of a better word, recycled into green initiatives, such as tree planting and investments in sustainable energy.
The EVA token gives holders the opportunity to vote on changes to the network. People can also buy, sell, and trade it on exchanges. It also pays for transactions on Evadore.
Evadore Attention Tracker
Here is a chart for the Evadore Google search volume for the past 90 days. This represents how many times the term “Evadore” has been Googled over the previous 90 days.
FAQs
Will Evadore reach $1?
It might do, but not for some time. PricePrediction.net says it could break the dollar by 2040.
What is Evadore used for?
The EVA token gives holders the opportunity to vote on changes to the Evadore network. People can also buy, sell, and trade it on exchanges. It also pays for transactions on Evadore.
Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
