Currently, Everex (EVX) is trading at $0.4168 with EVX price 5.43% up today. The market cap of Everex is USD 9,462,368 with 22,700,000 EVX circulating currently. The 24-hour price movement chart indicates that $1,361,134 worth of EVX were trading. The price peaked to $0.2386 in the last 24 hours while the lowest price was $0.2239.
Trade: Everex ( EVXBTC )
BUY: 0.00003900 – 0.00004200
PROFITS POTENTIAL: 197%
(Buy calculated at 0.00004040)
STOP: Close weekly below 0.00003400.
About Everex (EVX)
What is Everex and why is it gaining traction? A microfinance platform, Ethereum smart contracts based, fiat pegged, and fully reserved stable coin EVX is the Everex’s first transparent offering. South East Asia with migrant workers, SMEs, tourists, non-profit organisations, global businesses and a largely under-banked population is targeted for transactions involving cross-border merchant payments, (micro)lending, remittances, and currency exchange. Everex also offers blockchain consulting and technology licensing.
EVX cryptocurrency transactions use Ethereum-based Cryptocash currencies holding 1USD for every Cryptocash dollar in a transparent viewable third-party escrow. Being redeemable at will it directly pegs the crypto to its fiat counterpart. All the above transactions are possible for partners and vendors on the EVX network with negligible fees clearly out-running traditional banking services and incentivizing the growth of Everex transactions.
If you are new to crypto trading, it’s always advisable to learn about, what is Everex, it’s benefits and indicative return on investment.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.