The crypto space is diverse, isn’t it? Therefore, every day a new crypto is launched or gains popularity, which maintains enthusiasm among market participants. Today, we are going to deal with one such crypto that garnered recognition amid several other tokens due to its different take. We are talking about the EthereumMax (EMAX) token that promises to provide ‘lifestyle perks’ as well. For some reason (which will be discussed later), people have been curious to know more about this digital currency. Hence, we decided to deliver the optimum information about the EMAX crypto.
What Is EMAX Crypto?
EthereumMax (EMAX) is an ERC-20 token that has been built on the Ethereum blockchain and is considered to be secure. The crypto was worked on to create a token that was distinct from every other currency that has been existing today. The creators mentioned that they:
“First launched EthereumMax (EMAX) with a vision to bridge the gap between the emergence of community-driven tokens and the well-known foundational coins of crypto, creating a unique token that provides ‘lifestyle perks’ with financial rewards and incentives to its holders with a pathway for practical long-term use in everyday life. This is the first of many steps to develop an ecosystem that will be a driving force in changing what the world considers to be currency.”
The missions and values that the creators of the EMAX crypto want to establish are transparency, perseverance, learning, and innovation. The developers are still working on this project and their progress can be looked at in the roadmap they have provided.
EthereumMax And Kim Kardashian Crypto Promotion
Remember we noted that there are some reasons due to which this crypto gained popularity within a short span of time. Well, it has to do with the popular American celebrity Kim Kardashian who again was taken action against because of wrong practices related to the cryptocurrency domain. The Kim Kardashian EMAX promotion post mentioned that:
“Are you guys into crypto???? This is not financial advice but sharing what my friends just told me about the Ethereum Max token! A few minutes ago Ethereum Max burned 400 trillion tokens — literally 50% of their admin wallet — giving back to the entire E-Max community.”
The United States Securities Exchange Commission (SEC) charged her with the offence of crypto touting and was fined about $1.26 million. She was accused of supporting the ‘pump and dump’ scheme in crypto space. The Chairman of SEC, Gary Gensler, commended on the same saying:
“This case is a reminder that, when celebrities or influencers endorse investment opportunities, including crypto-asset securities, it doesn’t mean that those investment products are right for all investors. We encourage investors to consider an investment’s potential risks and opportunities in light of their own financial goals.”
The Chairman went on to say that she did endorse the EMAX crypto as she should have but still missed out on one thing, which was mentioning the fact that she earned $250,000 for the promotion. The Kim Kardashian EMAX post from Instagram was then taken down, however, the crypto had gotten recognition by then. Its value spiked in a matter of minutes and it kept on gaining. The price action will be discussed later.
EthereumMax Price History
The EMAX token spiked on Tuesday, October 4, 2022, after the aforementioned Kim Kardashian crypto promotion post came in. The EMAX crypto surged by over 100%. The crypto gained about 105.64% between October 3 and 4, which is considered to be huge! If the token had continued the rising momentum, then it might have been successful to kill a ‘zero’ in the course. However, the token stopped increasing and recorded a high of $0.000000009618, which is also its 1-month high. The token then adopted a dumping scheme where it lost massive value.
In contrast, at the time of writing, the crypto in question here had been witnessing a hike in its value. At press time, the EMAX crypto rose considerably by 15.90% and traded at $0.000000005887. The fully diluted market capitalization of this token was $11.77 million, up by 15.90%. However, on the contrary, the 24-hour trade volume saw a significant slump, maybe because the hype created by the Kim Kardashian crypto post for EMAX ended. The 24-hour trade volume of the token was down by a huge 86.08% and was at $20,513.
Since its launch, the crypto has been seeing a downtrend after an initial spike. The crypto closed at a peak of $0.0000008546 on May 29, 2021, that is, within two weeks it made it into the market. The token thereafter not only lost considerable value but also added two new zeros to the left, which is not a sight that is pleasing at all. The demand for the crypto declined substantially and there was no way for it to recover until something like the Kim Kardashian crypto post promoting it came out.
Moreover, on that day the daily trade volume also crossed the $100 million mark. But now, the situation is not great at all since the $100 million trade volume is unimaginable. This is because the max trade volume it recorded recently was on October 4, 2022, which was $343,011. On some days the trade volume even went below $1,000 and sometimes below the $500 mark, which was not predicted for a crypto that had a different approach in the industry.
EMAX Crypto Price Prediction For The Coming 5 Years
The EMAX crypto price prediction provided here can be referred to but not relied on as the market is volatile enough and in addition, this crypto is known to follow the ‘pump and dump’ scheme. This is why we recommend that you base your investment decisions on thorough research and not just the prediction rating that we have offered here.
- EMAX Crypto Price Prediction 2022: By the end of 2022 it is expected that the EMAX token will reach a price of $0.00000001 (average rating). The minimum estimation is set at $0.00000001 while the maximum rating is pegged at $0.00000001.
- EMAX Crypto Price Prediction For 2023: The forecast for 2023 expects the EMAX coin to reach a price of $0.00000001 (average rating). EthereumMax (EMAX) Price Prediction indicates that the minimum estimation is pinned at $0.00000001 whereas the maximum rating is kept at $0.00000001.
- EMAX Crypto Price Prediction 2024: The prediction for 2024 estimates the EMAX token to value at a price of $0.00000002 (average rating). The minimum estimation is $0.00000002. On the other hand, the maximum rating is pegged at $0.00000002.
- EMAX Crypto Price Prediction For 2025: The estimation for 2025 expects the EMAX coin to be valued at $0.00000002 (average rating). The EthereumMax Price Prediction 2025 shows that the minimum estimated rating is $0.00000002 whereas the maximum rating is set at $0.00000003.
- EMAX Crypto Price Prediction 2026: The forecast for 2026 suggests the EMAX token be valued at a price of $0.00000003 (average rating). The minimum estimation is $0.00000003 while the maximum rating is pegged at $0.00000004.
The above-mentioned crypto price prediction analysis for the EMAX token suggests that though this digital currency might gain in value the increase would not be that high. The prediction ratings are not at all optimistic but the fact that a bullish trend is expected cannot be denied. This is due to the fact that at the time of reporting this article the token was trading much lower than the price it is expected to end 2022 with for which it still needs to overtake a ‘zero’.
Rounding It Up!
The EMAX crypto has lost the hype but since its developers are working hard on the network’s scalability, we believe that soon there should be changes that would bring it into the limelight again. The history of price actions of this crypto is not worth praising since it lost a massive value starting just after a month of its launch. However, the price prediction stated for it still remains bullish though the increase is not that considerable. In addition, the possibility of it reaching an all-time high has also been reduced. Therefore, if you are thinking of making an investment in this cryptocurrency then do so cautiously.