Essentia Coin Price Prediction: What’s in Store for ESS

Essentia (ESS) is a blockchain-based cryptocurrency that is managed by a decentralized autonomous organization (DAO). It was launched in 2018 and quickly became a top-performing digital asset while boasting a market cap of over $66 million. Whether you’re new to investing or a seasoned trader, it’s important to be well-informed about any cryptocurrency before making any sort of investment, and crypto is no different. Having an essentia coin price prediction can be very helpful to help you decide and, as such, this article will discuss the history of the coin, its technical and fundamental analysis, and the outlook for its price.

About the Coin

Essentia is a decentralized system that connects users to simple, easy-to-use decentralized services powered by their natural data like their IP address, identity, reputation, credit score, and more. Essentia is a platform that any user can use to store, share and access their data securely. It serves as a link between Web 3.0 and existing cloud services while providing users with enhanced trust and privacy.

The Essentia platform serves as an algorithmic marketplace where users can access decentralized services, known as “blocks,” while protecting their data with a key-based encryption process. It was founded in 2017 by a group of entrepreneurs and technology professionals led by CEO and co-founder Matteo Gianpietro Zago. Essentia’s main goal is to become the bridge between Web 3.0 and existing Web 2.0 cloud services.

Technical Analysis

Using technical analysis, we can see that ESS is currently trading at around $0.000477, with an increase of 51.40% over the past 24 hours. This is a positive sentiment for traders and investors as the value of Essentia has been increasing steadily. Its current market cap sits just above $66 million, and its circulating supply is 13.7 billion.

From a closer look at the chart, we can see that ESS has recently seen a good volume surge. This may indicate that there is huge potential in the asset, and a jump in price could be expected in the coming months. ESS has also seen a rise in its trading volume, with Kyber Network and Binance.US leading the charge. This further affirms that there is potential in the asset as a large number of traders are betting on Essentia’s growth.

Fundamental Analysis

Essentia is a fast-growing platform aiming to be the bridge between traditional cloud services and decentralized protocols and applications. Several features make Essentia attractive. It is built on top of the Ethereum Blockchain, which is the most dominant, secure, and decentralized platform for digital assets. This means that transactions are securely processed and stored with an extra layer of security.

Another unique feature of Essentia is its infrastructure-agnostic approach. This means that developers can customize and create their own apps and utilize Essentia as the back-end solution for users. This is unlike many other platforms where only the major protocols or languages can be used. Lastly, users and developers benefit from a user-friendly dashboard, making it easier to use Essentia’s services.

Essentia has announced partnerships with five key companies. These include AlphaPoint, Viva Wallet, Blockchain Quantum Security, EOS-based Luckbox, and Total Network. These will help Essentia provide users and developers with access to advanced enterprise-grade applications.

Closing Thoughts

The Essentia price is seeing an upward trend and is expected to continue on a positive trajectory. This is because it has all the necessary conditions to become a strong, asset-backed cryptocurrency. It is backed by strong technological and fundamental features, strong partnerships, and support from the Ethereum blockchain, making it one of the most advanced blockchain projects in the industry.

Essentia is currently trading at around $0.000477 with a market cap of over $66 million and a total supply of 13.7 billion. The ESS price is expected to reach a maximum level of $0.00072258 at the end of 2023. In five years, Essentia will have a minimum price of $0.003 and a maximum price of $0.003 per ESS. Since Essentia is traded on a supply-and-demand basis, its value fluctuates drastically. It is expected to continue to expand, as shortage tends to encourage price rises.

While investing in any cryptocurrency carries the possibility of a profit, there is also the risk of a loss. Therefore, it is important to do one’s due diligence and research beforehand. Essentia is truly a revolutionary project and with such strong fundamentals, extremely promising. While the coin’s price prediction is difficult to make with total accuracy, long-term investment in ESS is expected to be profitable.

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