EverGrow Coin Price Prediction: Why Prices Continue to Recover

Since its launch in September, Evergrow has been among the most consistent cryptocurrencies in terms of growth. Today, the project is valued at $164 million based on its market capitalization. Despite the recent downturn in the cryptocurrency market, EverGrow has also been able to remain relatively stable throughout May, which has seen most cryptocurrencies plunge.

What is EverGrow?

The EverGrow cryptocurrency is a deflationary token that, instead of increasing the total supply in the market, the supply is reduced at intervals. Therefore, it continuously becomes scarce over time. Due to this feature, it means that the prices are able to continue rising despite many prevailing factors in the market.

However, the idea behind the cryptocurrency and its growth has been tested by factors that, in most cases, have been beyond its control. For instance, the cryptocurrency reached its all-time high of $0.000003379 on November 1, 2021. However, since then, the prices have dropped by more than 90 per cent. Based on the crypto’s main goal of being able to always grow, the cryptocurrency may seem like it is not meeting its goal. However, during that time, the total supply of cryptocurrency in the market has dwindled. Therefore, despite the price loss, crypto is still a deflationary token. It is also one of the reasons why many remain confident that it will recover in the markets.

EverGrow Price Prediction

Today, EverGrow has yet to establish itself with other popular exchanges. Therefore, there are limited places where you can be able to buy the crypto. This includes platforms such as PancakeSwap and LBank.

Therefore, the cryptocurrency currently has no charts in most of these exchanges. However, I can still be able to speculate based on its recent history and current underlying technology. I expect the prices will continue to grow as the platform gains more traction. Based on the current prices of $0.0000003382, I expect the prices to grow as the platform implements deflationary measures. The next reduction of the total supply is likely to see a spike in the pricing. As the name suggests, their end goal is to have the prices always gaining. Therefore, long-term traders are likely to continue seeing growth in their investments.