May 30, 2023 at 15:17 GMTModified date: May 30, 2023 at 15:17 GMT
May 30, 2023 at 15:17 GMT

Everscale up 53%: What’s behind EVER’s new rise?

The price of Everscale ($EVER) has jumped 53.12% in the last 24 hours, as most other coins are slumping. Here’s a look at some possible reasons…

Everscale. Pic: Unsplash

The price of Everscale ($EVER) has jumped 53.12% in the last 24 hours, as most other coins are slumping.

While the reasons are not immediately clear, the Everscale team has revealed some new updates to its operations, including its position in Korea.

In a tweet posted today, the layer-1 proof-of-stake blockchain network stated: “We will be entering the market with strong Korean partners, and getting listed on @BithumbOfficial is just the first step in this direction. We have a big Korean strategy in the works and will be revealing all the details soon.”

The Everscale team has also announced a partnership with CryptoMatch, “a next-generation AI powered networking platform that aims to make it easy for anyone to create meaningful connections within any #Web3 community”.

“Why is this partnership important to Everscale? In three months, the CryptoMatch team attracted more than 8,000 + active users from 20 + countries and more than 30 partners from the largest conferences, #DAOs and protocols. This is fertile ground for #networking and the creation of new projects.”

They add: “We are excited to partner with CryptoMatch and provide an opportunity for the community to improve their cryptocurrency connections! Do you have any questions? Join the AMA session on May 30 at 5pm UTC on Twitter Spaces! CryptoMatch co-founder Anastasia Moroz will be our special guest.”

EVER price rally

According to its whitepaper, Everscale technology has roots in the TON blockchain.

“Everscale presents some new and unique properties, such as dynamic multithreading, soft majority consensus and distributed programming, which enable it to be scalable, fast and secure at the same time. It is governed by a decentralized community founded upon meritocratic principles via Soft Majority Voting protocol.” 

At the time of writing, EVER was trading at $0.06859 – up 48.23% in the past hour. The current CoinMarketCap ranking is at number 187, with a live market cap of $124,861,960. Its circulating supply is 1,793,556,972 EVER coins, while a max supply is not available.