(EVR) $1.2 Million dollar Market Cap! Evrmore Review Layer For Bitcoin-Lightning Network

[Music] open what is up everybody welcome back to underground crypto where we are deep diving what I consider to be underground cryptos that is cryptos with micro o or you know low market cap those definitions are pretty much in the eye of the beholder um my running definitions or working definitions I'm going with is anything under a million dollars is a micro market cap anything over a million dollar is a low market cap till you get to about 500 million then maybe you could consider that a media market cap but it's all going to be perspective if you're used to dealing with only xrp bit Bitcoin ethereum then these are I don't even know what's smaller than micro but these are smaller than micro to you we're way down here on the whole other side of the spectrum deep

diving looking for that next big project that's just getting up off the ground because that is where all the speculative you know speculation and price drastically going up is when the market caps are very low again high risk High reward High reward high risk not a financial advisor don't claim to be one if you need a financial advisor they're out there go get one but as far as today we're going to be covering Evermore and market cap 1.9 million still super small I still almost want to put that in a micro category but I guess by my definition we'll call it a low market cap um we're on our favorite noname Exchange G jix you click markets up here that'll automatically bring you to spot market then you have to click new listings to get to where I am

one of my favorite things is all the links here are already put together um coin gecko is this green one not every single one of them has that link to coin gecko that's just how new they are you know that's part of the speculation um up here we have some of our top gainers we haven't covered these coins necessarily except except for the highlighted assets is alysium Royal and gallion coin um gallion coin might be a good one to go over I'm not sure I do see it says rent this spot so maybe alysium Royal paid to be here um I don't know so how much we can really trust that recommendation or highlighted assets I'm not sure let's go right into Evermore though um website here we are so ever more ticker is EVR is a blockchain decentralized

finance and commence platform with built-in utxo based asset and defi Primitives I don't know what utx o based assets are maybe they're going to explain that to us got a few things here these seem like links um we don't really need to click on them but your core nodes I guess if you're going to open a node miners if you're going to mine main net test net um electrium or electrum everm more wallet and then they have an Android wallet called Moon tree uh buy and sell probably just buy here at safe trade don't know anything about safe trade so I am not recommending you use this I would I guess recommend using a g jix I'm not sponsored by a GX or anything like that um everlite and this nost nost forever not sure exactly what that says

but U maybe they'll explain what that is so it says new introducing everlight the asset layer for Bitcoin lightning now that I think is pretty key here in the just one or two times that I've kind of tried to do this video before various interruptions and things like that this is the one thing that stood out to me is it's on the lightning Network for those Maybe Who don't understand Bitcoin the original um I don't know if Bare Bones is the right way to explain it but it's pretty Bare Bones Bitcoin it's a great store of you know we call it digital gold it's a great store of money on the you know on the digital world and the on the internet on the blockchain but it's lacked a lot of things that you know ethereum got so much

recognition and attention for because things like smart contracts the ability to build out different decentralized applications and and functions just really wasn't where it needed to be for Bitcoin so you have the Bitcoin lightning layer um that has been built on bitcoin Bitcoin is going to get so much attention as we run into this bull run are we already in the Bull Run are we not already in the bull run I hear a lot of interesting arguments kind of hope that we're not really in the bull run yet because the price is already gone you know Skyhigh U all new time highs I think we did hit so if we are not really in the bull market yet then this is going to be one heck of a bull market now now it says Now application Dev wait now

yeah now application developers can use Evermore as the hidden asset layer for Bitcoin lightning casual users will be able to buy and sell event tickets subscriptions coupons and nfts trustless and privately using only their lightning capable Bitcoin wallet so this is going to be compatible with Bitcoin wallet um that's that's huge for adoption that's huge for scalability um this project has some tonalities that make me you know go huh and make me take a look at it these are the type of things I would be looking for a really good narrative a really good application for adoption um is what you really want to look for when you're speculating better assets for Bitcoin lovers for assets create simple utxo based human readable asset names guaranteed to be globally unique for money we love Bitcoin defy and commerce Focus um

again Bitcoin lightning layer is all about transactions and speeding them up and things so that it could be used more as a currency and maybe less as a store of value so defy and commerce Focus extends the ravencoin design so this is where I guess they're getting a lot of their ideas for their code from with enhanced utx o protocol level support for distributed finance and commerce it's more secure support asset creation and trade without the risk and complexity of ethereum style smart contracts I not sure what they're getting out there could be the price it could be the way that the smart contracts on ethereum are written as far as security Community created it's built by current and former ravencoin developers hoders and miners to provide a simple practical asset solution so this is basically being built by

a lot of people who are over in The Raven coin world if you don't know about ravencoin very popular amongst miners um outside of the mining world I don't know how many people are really crazy about ravencoin or raving about it right but definitely your miners Bitcoin miners who've started mining other coins and things they're all about ravencoin and again proof of work so it makes sense why this is a proof of work project because it's run by Miners and miners can only really mind proof of work developers developer attractive built in funding for core development from a 10% mining paid Development Fund we would prefer a donation model but we have to eat make sense they need money to pay developers or nothing will ever happen and we will quickly forget about the project Upstream beneficial improvements and

bugs fix okay improvements and Bug fixes to the forked code can be ported back to the ravencoin code base when desired that's a very um techy thing I don't fully know what they mean but I slightly get what they're hinting at probably not relevant to our speculation again guys a lot of times the techier stuff to speculation is not as important you think it should be it's just not um things like good community and a lot of enthus enthusiasm coming from your community and stuff will move the you know we'll get more people interested more speculation will move the price better than the tech but you do need good Tech otherwise um it'll just continue to do nothing and people will lose hope and they'll move on to something else that actually has a little more Tech built out

distributed mining EVR progue proof of work so EVR program proof of work algorithm for GPU optimize A6 retaining mining with three gigabyt starting dag size again more Tech stuff if you're not into mining that's not going to mean anything to you they say it's fast set up a full node forevermore and fully sync them in 2 hours with less than 2 GB of data for now developer friendly built-in set setation interesting test net CPU mining for developers convenience this looks like a term or a word that they are coining here because I've never seen that anywhere else ever more purpose built and optimized is better for is better than general purpose so they're saying um to build it with purpose and it's optimized for something specific is better than a random generalized you know good for everything but not

great in anything kind of approach stay in the loop they have a Discord I tried to get another Discord it doesn't seem like their Discord is fully set up the anytime you go to Discord with these new projects whatever their Discord might not have been around very long and their data or their capture bot that verifies you and gives you access just would not work for me so not a whole lot I can do about that let's pop over to Twitter um we're going to follow him so we can stay up to date with things they got a pinned post let's see March 8th yesterday was their last post um before that their last post was February 21st so they're not exactly as active as dog in me or some of these other um I guess more community-driven more

popular um projects here but they do have 841 followers so there are a few eyes on this project seems like they're still very much getting up off the ground um that's kind of the name of the game with these low market cap gyms to be honest with you is that you're speculating earlier than other people are speculating and so you're basically trying to find coins that are going to do well have the right narratives before they get to a place where everybody knows about them that's going to mean most of the time that you're going to have to speculate and hold hoddle coins longer than maybe you would other coins depends on what kind of you know investor SL Trader you are those are all things you'd have to figure out for yourself this is not a trading Channel

if you're into trading or you want to learn how to trade go check out crypto lifer on YouTube I've been in the lifer Discord in a lifer for a couple years now I don't see any any better value I mean $100 a month to be a part of his private Discord that just has a ridiculous amount of Highly skilled traders who are very helpful can ask tons of questions um crypto lifer himself is in there far more than you would think posting setups it's not a signals group at all they actually teach you how to do it um but you can learn so much so quickly and for $100 a month and he goes live every single day has has been for over a thousand days straight big shout out to crypto lifer for being the most consistent person

in that space holding it down and if it wasn't for crypto lier I don't think I would be doing this he is certainly an inspiration just want to shout that out guys go check him out um doesn't really feel like they're saying a lot here on their Twitter seems very techy that would probably be one of my criticisms here um although it's not surprising that it would be very techy because it is Bitcoin you know lightning layer so those people are very more focused on Tech does say that they're based out of Panama that's not necessarily a red flag but it is something to consider and then join September 2022 a lot of times these twitters are repurpose twitters that somebody already had or um the projects have literally been sitting around for that long not doing anything it

is a Bitcoin lightning project so that's not uh it's not impossible bitcoin's been around the longest I wish that we could get a date on when this project was founded if I dug enough I might be able to find something like that looks like looks like September 14th 2022 was the first or at least the maybe they delete the what the tweets you know in between that go back but um yeah looks like in 2022 they were posting quite a bit and there's got to be a really big jump somewhere from 2022 to now yeah boom jumps 2023 that's really interesting guys um yeah October 30 so yeah they really haven't been posting much that's not really good for engagement that's not really good for um people knowing about the project and caring so marketing they've got to do

better marketing um for sure all right guys that's pretty much all all I can say here uh as far as ratings go I do a gut rating 1 through 10 I want to give it a better rating of something like a six or a seven just because of the Bitcoin lightning narrative and them getting listed on a GJ seems like maybe they're starting to move um but I'm going to have to give it more like a four just because of looking at their Twitter and the lack of Engagement I don't know if they're really popular in another place like say Bitcoin Forum um would be making a lot of sense for a Bitcoin project so keep an eye out on this guys I'll try to keep an eye out and give you any updates I followed them but it

doesn't look like they post very much again I try to all the projectss that we cover I follow anything significant that these projects put out on Twitter I am reposting over here at Crypton _ ground crypto come follow me to stay up to date with any projects that maybe you decide to invest in aside from that crypto run out have a great day