Everipedia Coin: A Smart Investment Decision?

Everipedia is a blockchain-based online encyclopedia that was founded in 2014 and officially launched in 2015 as a fork of Wikipedia. It uses the IQ token, which powers its platform and is used for governance. The current market price of one Everipedia is $0.0045, and it has a market cap of $50,747,873. The price of Everipedia is predicted to reach a minimum level of $0.0062 in 2024 and a maximum level of $0.0071, with an average price of $0.0063. In 2025, the price of Everipedia is forecasted to be at a minimum of $0.0091 and a maximum of $0.0108, with an average trading value of $0.0094. With this in mind, is Everipedia coin a good investment?

Everipedia's price history and future predictions

Everipedia (IQ) is a blockchain-based online encyclopedia that was founded in 2014 as a fork of Wikipedia. The site has branded itself as "The World's Largest Blockchain & Crypto Encyclopedia". As of August 2024, the price of Everipedia is $0.0051, with a 24-hour trading volume of $2.25 million. The current market price is lower than its all-time high of $0.077 in June 2018. Since then, it has dropped by 80%.

Despite this, there are several reasons to believe that the altcoin will continue to rise. Firstly, Everipedia will benefit from the growing popularity of DeFi products and NFTs. The company has already secured a high-profile NFT partnership with the Associated Press. Secondly, the price of Everipedia is expected to continue to expand as shortage tends to encourage a rise in price.

According to WalletInvestor, IQ's price will reach $0.033 a year from now, which suggests a 150% upside potential to the current price. In five years, WalletInvestor sees Everipedia's price reaching $0.12, an 820% increase. Digital Coin Price has similar predictions, with the altcoin expected to hit $0.025 in 2022, $0.032 in 2023, and $0.042 in 2025, a 230% upside potential.

The bearish price prediction for Everipedia in 2025 is $0.0091, with a potential high of $0.0108. However, there is the potential for the Everipedia price to experience a significant surge, reaching as high as $0.0674 by the end of 2030. Long-term analysis suggests that the price could surge to $5.44 by 2050.

In summary, while Everipedia has dropped significantly from its all-time high, there are reasons to believe that the altcoin will continue to rise, driven by the growing popularity of DeFi, NFTs, and potential shortages.

The pros and cons of investing in Everipedia

Everipedia (IQ) is a blockchain-based online encyclopedia that was founded in 2014 as a fork of Wikipedia. It has since been renamed IQ.wiki. The platform uses the IQ token, which powers all applications and is used for governance.

Pros of Investing in Everipedia

• Everipedia has a bright coin price outlook, with a number of factors suggesting that the altcoin will continue to rise.
• The price of Everipedia is predicted to experience a significant surge, with a potential high of $0.0674 by the end of 2030.
• The company has received funding from prominent investors, including Galaxy Digital's EOS.io Ecosystem Fund.
• Everipedia stands to benefit from the growing popularity of NFTs, having secured a high-profile NFT partnership with the Associated Press.
• The platform has a broad exchange support and is available on major exchanges such as Binance, Bitfinex, OKEx, and Upbit.

Cons of Investing in Everipedia

• Everipedia has faced criticism for its content, with claims that it is "largely still a graveyard of content they've just scraped off Wikipedia, articles that people have written about themselves, and, increasingly, crypto spam."
• The platform has struggled to gain traction alongside other crypto coins and has faced challenges in getting onboard with other crypto coins.
• Everipedia has a small market cap compared to other content-related altcoins such as BitTorrent (BTT).

How does Everipedia compare to Wikipedia?

Everipedia is a blockchain-based online encyclopedia that was founded in 2014 and officially launched in 2015 as a fork of Wikipedia. It was co-founded by Sam Kazemian and Theodor Forselius, with Kazemian's college roommate at UCLA, Travis Moore, joining as a co-founder in the winter of 2015. Mahbod Moghadam also joined as a co-founder in July 2015. The site was initially headquartered in Westwood, Los Angeles, but has since relocated to Santa Monica, California.

Everipedia, a portmanteau of "Everyone's Encyclopedia", aimed to be a more inclusive and diverse alternative to Wikipedia. Theodor Forselius, Everipedia's co-founder and CEO, stated that Wikipedia's user base is largely comprised of older white men, and that Everipedia sought to attract more female editors, younger editors, and individuals from diverse backgrounds and ethnicities.

In contrast to Wikipedia, Everipedia utilized a blockchain-based model that eliminated the need for centralized servers and reduced server costs. The blockchain model also made it difficult for governments to censor Everipedia, as it could not be targeted through server IP addresses. Additionally, Everipedia did not allow censorship of any topic for sourced articles.

Everipedia had a broader range of articles compared to Wikipedia, as the latter has stricter notability guidelines. Everipedia allowed users to create pages on any topic as long as the content was cited and neutral. However, this approach led to concerns about the accuracy and reliability of information on Everipedia, particularly regarding breaking news topics. There were also privacy concerns, as Everipedia created publicly visible entries on non-notable individuals by gathering information from social media.

In terms of user engagement, Wikipedia has a significantly larger community. While Everipedia had 17,000 registered editors and 2,000 active editors in 2017, with 7,000 active editors in 2019, Wikipedia boasts more than 32 million registered editors for the English language version alone, with nearly 140,000 having edited an article in the past 30 days, and upwards of 60 million users per day.

How does Everipedia plan to expand its community?

Everipedia is a blockchain-based online encyclopedia that was founded in 2014 and officially launched in 2015 as a fork of Wikipedia. The company has since expanded its community in several ways. Firstly, by allowing a larger range of articles than Wikipedia, as Everipedia's notability guidelines are less strict. This has enabled the platform to attract a broader range of contributors and users interested in topics beyond what is typically covered by Wikipedia. Secondly, Everipedia has expanded its community by allowing users to create pages on any topic as long as the content is cited and neutral. This has encouraged the creation of content on trending topics, such as YouTubers, memes, activists, and current events. Additionally, Everipedia has implemented social media elements, such as allowing celebrities to communicate with fans, which has likely contributed to community growth.

Everipedia has also expanded its community by leveraging blockchain technology. In 2018, the company transitioned to the EOS blockchain, which offers several advantages. Firstly, it eliminates the cost of centralized servers. Secondly, it provides censorship resistance, as governments cannot censor Everipedia by targeting specific server IP addresses. This has likely attracted users who value decentralization and censorship resistance, thereby expanding the community.

Furthermore, Everipedia has expanded its community by partnering with established organizations. For example, in 2020, the company announced that the Associated Press would publish the results of the U.S. presidential election on its EOS-based blockchain network. This partnership likely increased Everipedia's exposure and attracted new users interested in the intersection of blockchain technology and news.

Additionally, Everipedia has expanded its community by offering incentives to contributors. The company plans to implement a tokenized system where editors put their tokens at stake for each edit. If their contribution is accepted, they get their token back with added value proportional to the content added. This mechanism encourages participation and engagement from users, potentially attracting new community members.

Lastly, Everipedia has expanded its global reach by establishing communities in Brazil, China, Germany, and India. This international expansion has likely contributed to a more diverse and robust community. In summary, Everipedia has implemented several strategies to expand its community, including broadening content allowances, leveraging blockchain technology, forming strategic partnerships, offering incentives to contributors, and expanding globally. These efforts have likely contributed to the growth and diversification of the Everipedia community.

How does Everipedia plan to increase demand for its token?

Everipedia is a blockchain-based online encyclopedia that was founded in 2014 and officially launched in 2015 as a fork of Wikipedia. The company raised funding from angel investors and, in 2018, raised $30 million from a group of investors including Galaxy Digital.

Everipedia's token, IQ, powers the platform and is used for governance of the system. The company plans to increase demand for its token in several ways. Firstly, by expanding its community as DeFi products grow in popularity. Everipedia has an interest in DeFi and NFTs, and it secured a high-profile NFT partnership with the Associated Press. Additionally, the company will benefit from the growing popularity of NFTs, and as more investors get involved in the project, the price of IQ is expected to increase.

Another way Everipedia plans to increase demand for its token is by converting the points on its platform into a token currency. Each editor will put their token into play for each edit, and if their contribution is accepted, they will get back the token, which will have gained value in proportion to the content added. If the edit is not accepted, the user will not get their token back. This tokenized system will allow every user to become a stakeholder in the wiki network.

Furthermore, Everipedia's decision to move to the EOS blockchain and, more recently, the Polygon blockchain, has helped to reduce costs and eliminate the possibility of government censorship. This move to decentralize the platform further is expected to increase demand for the IQ token.

In terms of price predictions, there is a potential for the Everipedia price to surge and reach as high as $0.0674 by the end of 2030. Additionally, the average price of Everipedia (IQ) might go to $0.0063 by the end of 2024, and it is estimated that the coin will reach the $0.0280 mark in the five-year plan. According to WalletInvestor, IQ's price will reach $0.033 a year from now, and in five years, it is expected to reach $0.12. Digital Coin Price has a similar forecast, with the altcoin expected to hit $0.042 in 2025.

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