EverRise price prediction: Can it live up to its name?

EverRise has quickly grown a successful DeFi ecosystem. Can its token continue to rise?

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EverRise claims it is the fastest method to convert funds between Ethereum, Binance Smart Chain and Polygon networks - Photo: Shutterstock
                                

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EverRise has created an ecosystem of apps that allow investors to participate in decentralised finance (DeFi) securely and efficiently – or so it claims. The system appears to be working as its token rocketed in its first year.

Unlike its name suggests, EverRise’s journey has not been smooth sailing. It has had its fair share of bumps along the way. Yet EverRise has expanded its ecosystem in what seems like record time and offers an apparently unique set of products for the DeFi community.

What is EverRise (RISE)?

Despite the recent growth in DeFi, the EverRise team still felt there was no safe, scalable and transparent platform. Its aim was to create a platform that could reach as many markets as possible but would be rooted in secure technology.

EverRise only launched in the summer of 2021 and it has already developed a whole ecosystem of decentralised apps. Five apps are currently available for investors to use, ranging from a bridge protocol called EverBridge to a staking platform named EverStake. It has plans to upgrade its current apps and add new ones to its ecosystem in 2022.

The ecosystem is powered by the EverRise (RISE) token, a cryptocurrency that exists on three blockchains: Ethereum, Binance Smart Chain and Polygon. Through its protocol, EverBridge, it is the first decentralised finance token to have one circulating supply.

The team at EverRise have been working hard and have already seen huge growth in the ecosystem since its 2021 launch. Before diving into future predictions, here is a taste of what the platform has accomplished.

The launch of EverRise

EverRise launched on 22 June 2021 at $0.00000003 (three millionths of a cent) and remained at that level for the first few weeks. It saw its first spike in mid-August just before a YouTube interview with the T.J., the director of community, and the trading publication Benzinga. On the 12 August, the day the interview was announced, RISE peaked at $0.00000005. Afterwards, it fell back down to roughly the $0.00000004 mark.

At the end of the month, EverRise launched a contract wallet called The Kraken. It was designed to be deployed when the token was experiencing uncertainty. Like share buyback schemes, the wallet would add stability to the RISE price.

However, the price of RISE fell to $0.00000002 the following month. It climbed back to $0.00000003 on 5 October, the launch date of EverBridge. This DApp allowed its token to be transferred easily between the Ethereum and Polygon networks.

RISE dropped again after the launch of EverBridge, but it was not long before the token saw a more substantial price gain.

EverRise 2.0

There was a buzz around EverRise on social media as the platform revealed upgrade plans. The most exciting feature about EverRise 2.0 was the ability for users to stake its token.

EverRise revealed details for the upgrade on 15 November and the price of RISE broke past the $0.0000001 (one hundred thousandth of a cent) barrier for the first time. The update was planned to go live on the 29 November, and the days before the token was around the $0.00000009 (nne millionths of a cent) level.

There was not much price action on the actual launch day, aside from falling slightly. But on the 2 December, RISE rocketed to $0.0011 and the following day the token reached its all-time high of $0.0019. EverRise 2.0 was momentous for the team and the DeFi community, as it was the first time a token launched on three networks at once, those networks being Ethereum, Binance Smart Chain, and Polygon.

The price corrected and fell slightly below $0.001. But it broke past the barrier again after EverRise revealed 43% of Rise’s total supply was being staked. Investors seemed to take comfort in the knowledge that so many trusted the future of the project and on 5 December RISE hit $0.0011.

This confidence did not last and RISE was plagued with a bearish trend over the coming months. By 7 January, the RISE dropped to $0.0006, its lowest point since the update.

Only a couple of days afterwards, the DeFi token started an upward trend. This came after the launch of EverSwap, the ecosystem’s fifth DApp. It boasted in a press release that its app is the “fastest way to convert between Ethereum, Binance Smart Chain, and Polygon”.

The breakout was also fuelled by an event on EverRise that gave its users 16% lower fees until the 31 January. At the time of writing, RISE is back above $0.001. But will the token be able to sustain its price after the promotional event ends?

EverRise price prediction

There is a strong consensus from price predictions that EverRise will continue to grow into the next decade.

Tech News Leader said that RISE was a good investment for those looking to hold the coin for a long time. It argues that the value will increase as developers continue to improve the network. Its EverRise price prediction for 2022 is bullish and forecasts it to reach $0.002. Its EverRise coin price prediction expects the DeFi token to break past the $0.01 barrier in 2027.

WalletInvestor has described RISE as an “awesome long-term investment”. It predicts the token to pass $0.003 in January 2023. Its EverRise price prediction for 2025 expects it to reach $0.008 by the end of the year.

It is a similar forecast from PricePrediction who sees the token reaching $0.002 this year and $0.004 in 2024. It expects RISE to race to $0.008 in 2025 and its EverRise price prediction for 2030 is an optimistic $0.03.

The prediction from DigitalCoin is much slower, it only forecasts the coin to reach $0.002 in 2024. Its RISE price prediction for 2027 is $0.003 and it expects the coin to gradually climb to $0.005 in 2029.

While price predictions may vary, there is common ground among analysts that EverRise’ expansive ecosystem has great potential.

FAQs

There is a total circulation of 63.88bn RISE tokens. EverRise claims that its DeFi token is the first to exist on multiple blockchains and have a constant circulating supply.

It might be. EverRise has soared in its first year, from $0.00000003 in June 2021 to $0.001 on 20 January 2022. Price predictions expect the DeFi token to keep climbing but they are not always right, so you should always do your own research before investing.

It could do. Price predictions forecast EverRise to continue growing, but the rate depends on who you ask. While DigitalCoin thinks it will reach $0.003 in 2025, PricePrediction expects it to climb to $0.008 by then. However, cryptocurrencies can be volatile so never invest more than you can afford to lose.

It depends. EverRise is creating a scalable, secure and transaparent ecosystem of decentralised apps. It has so far seen success after introducing a staking feature in its first upgrade. But a cryptocurrency's past is not an indication of its future price, so you should always do your own research before investing.

Further reading

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