Moving forward, we’ll first explore the Espresso crypto project and cover the basics. This is where we’ll answer the question, “What is EspressoBot?” We’ll also explain the Espresso bot’s features and the tokens one can mint using it. With the basics of the Espresso project under your belt, you’ll be ready to learn about the ESPR coin. As such, we’ll explain what the token is all about, examine its tokenomics, use cases, the community around this asset, and more.
Nonetheless, we’ll finally get to the ESPR token price and do a complete price analysis of the Espresso cryptocurrency. We’ll also use TA basics to determine significant price levels and what direction the $ESPR token is heading towards. We will even offer some Espresso coin price prediction speculations.
Last but not least, we’ll also point out vital aspects when considering buying the ESPR coin. You’ll also learn where to buy $ESPR without breaking a sweat or the bank!
Exploring the Espresso Crypto Project
The Espresso crypto project, also known as EspressoBot, went live towards the end of July 2023. While the project’s name and logo may suggest that the project has something to do with coffee, that is not the case. In fact, the main reason why the team behind EspressoBot most likely chose that name is because the Italian method of brewing coffee is quite fast. And the project’s main selling point is the speed at which it enables users to launch crypto tokens.
We explored the project’s official website (see the image above), socials, and documentation to find out the ins and outs of the project. It didn’t take long to figure out that the bot is placed at the center of this new crypto venture. Thus, let’s make sure you know what this bot is all about.
What is EspressoBot?
As the name suggests, EspressoBot is, in fact, a bot, and it’s the core product of the Espresso crypto project. It is a Telegram bot that allows users to customize and launch ERC-20 tokens in less than two minutes. So, it is a tool that enables users to create new cryptocurrencies without dealing with any coding and smart contract programming.
According to the project’s documentation, EspressoBot is an express pass to the world of token creation. The introduction to this bot points out that it enables anyone to create an ERC-20 token in the time it takes to make a cup of coffee.
Furthermore, the bot allows users to choose a token symbol, determine the total supply, set tax size and its allocation, and more.
As per the Espresso crypto docs, the project ensures token creators don’t need to worry about safety. After all, Espresso uses a default contract structure that protects tokens from malicious attacks and ensures fair play.
All in all, the project’s goal is to create a more inclusive token creation. The team behind this new Telegram bot believes that even less technically skilled people deserve a simple chance to create cryptocurrencies.
How to Access and Use EspressoBot?
Anyone with the Telegram app on their mobile device or desktop can access this token-minting bot. To do this, just visit the above-presented project’s official website and hit the “Espresso Bot” button:
If you are interested in using this bot, make sure to follow the project’s tutorial. In the written form, the latter awaits you in the “EspressoBot Tutorial” section of the project’s documentation. Plus, that page also offers a YouTube video for more detailed guidance:
What Token Features Does EspressoBot Support?
If you decide to take the Espresso crypto project’s bot for a spin, it will be useful to know what it offers. As such, make sure to go over the following list of features before taking EspressoBot for a spin:
- Supports the ERC-20 token standard.
- Renounced ownership feature by default.
- Locked liquidity (LP) for tokens created with this bot.
- Post token creation, the bot holds no control over your tokens.
- Anti-bot measures are built-in to prevent front-running.
- Choose any token name and symbol you want.
- Set your token’s total supply.
- Determine buy/sell taxes (upper limit: 20%).
- Extra option for initial buy/sell tax configuration (both size and duration).
- Taxes are automatically converted to ETH (tax auto-swap).
- Automate the token-burning process of tokens by setting the percentage of tokens to be burned on each trade.
- Option to prevent “whale accumulation” by capping max tokens per wallet.
- Limit single transaction dumps by capping max tokens per transaction.
- Both limiting tokens per wallet and per transaction can be programmatically removed as a specific buy threshold is met.
- Setting the initial LP size.
- Optional pre-mint allocation to send tokens to the deployer.
- Early contract address share option for strategic wallets, friends, or community members.
- Currently, the bot supports the Ethereum and Base networks with other chains in the pipeline.
Essentially, the above features cover more or less all popular aspects of the ERC-20 token creation. To make an informed decision regarding these options, you need to know what you want. So, to determine that, it can be helpful to explore projects that you like, which you can do via Moralis Money’s search option:
Once on the project’s token page, select the “Security” tab, where you can see all the smart contract details.
What is the ESPR Coin?
The ESPR coin is the native Espresso cryptocurrency and is an ERC-20 token, which means it follows the ERC-20 token standard. The latter regulates most of the fungible tokens on the Ethereum blockchain.
The Espresso cryptocurrency was born on July 24, 2023:
Tokenomics of the ESPR Coin
- Symbol/ticker/token name: ESPR or $ESPR
- Token type: ERC-20
- Network: Ethereum
- Token smart contract address: 0xA3c31927A092BD54eb9A0B5DfE01D9DB5028BD4f
- Total supply: 1,000,000,000 $ESPR
- The team has zero pre-minted tokens
ESPR Token Use Cases
Like all cryptocurrencies with sufficient liquidity, anyone can trade $ESPR. However, the token’s utility within the EspressoBot project comes in the form of shared profits.
This means that anyone holding a sufficient amount (more than one million $ESPR) of the Espresso cryptocurrency can share in the project’s success. So, the greater the success of EspressoBot, the greater the benefits for ESPR token holders.
Aside from revenue sharing, the ESPR token holders also enjoy discounts on LP and buy/sell tax when deploying tokens with EspressoBot. For more details, refer to the EspressoBot docs.
If you wish to engage with the Espresso community, you can do so via the project’s Telegram group or by following the EspressoBot X (formerly Twitter) account. Links to these socials await you on the project’s homepage:
What Type of Token is the ESPR Coin?
From a technical perspective, the ESPR coin is an ERC-20 token. However, based on the asset’s utility, the token can be classified as a “bot token” or even as a DeFi token. More specifically, a “revenue-sharing token.”
Espresso Bot ($ESPR) Crypto Analysis
It’s been just over a month since the Espresso cryptocurrency started to trade officially. As such, there’s not a lot of historical price data to work with. Thus, we can use its four-hour chart to include $ESPR’s entire price action:
Looking at the above chart, you can see that the ESPR price pumped a lot within the first 20 hours of trading. It went from the listing price of $0.000002-ish to as high as $0.00816. That was a 4000x-plus increase!
Of course, that initial pump was reserved for people who knew that the project was going live. However, after the initial pump, the Espresso crypto asset’s price came down by more than 90%. It found its bottom on July 27, 2023, at $0.00056-ish.
And, the two days after that pullback, traders with the right tools, such as Moralis Money Starter or Pro plans, were able to spot this opportunity. The ones who took action and got their bags of $ESPR were able to enjoy another eight-fold rally. The latter ended with the asset’s new ATH, which sits at $0.008726.
After setting the aforementioned ATH, the ESPR coin retraced again, this time by approximately 85%. But it found support in the $0.0014-ish level on August 6, 2023.
That level is currently being retested (at the time of writing this article). However, since August 8, 2023, the ESPR token has had several attempts at $0.004-ish before retesting the $0.0014-ish support.
ESPR Coin TA (Technical Analysis)
To draw major support and resistance levels, we used a twelve-hour ESPR chart (see the image above). Aside from the horizontal levels, that chart indicated a downsloping trendline (white line). As you can see, the Espresso cryptocurrency’s price broke out of that trendline on August 24, 2023, and is currently retesting the previous levels of support.
Espresso Coin ($ESPR) Price Prediction
Since there was no proper volume during the above-mentioned breakout, the ESPR coin may not yet be ready for another leg up.
In case the current support doesn’t manage to hold, a short-term Espresso coin price prediction won’t be all that optimistic. After all, if that scenario were to take place, the asset is likely to revisit the $0.001-ish or even $0.00057-ish levels. That is particularly likely in case the entire crypto market were to lose value.
However, if Bitcoin and the rest of the crypto markets hold and even start moving upwards, the price of the ESPR coin is likely to start visiting its upper levels of significance.
According to Moralis Money data, Espresso has been one of the top-viewed tokens in the last week or so, as revealed in the latest newsletter from Altcoin Advantage. So, if you’d like to receive this type of data, make sure to sign up for Altcoin Advantage – it’s totally free!
Essentially, all the above-outlined horizontal lines (blue lines) may serve as the most likely short to mid-term Espresso coin price prediction levels.
While these kinds of price predictions are often quite accurate, it is impossible to know when they will take place.
With that in mind, it’s important to remember that websites that offer the end of 2023, 2024, and even 2025-2030 Espresso coin price predictions are not to be taken seriously. Such numbers are pure speculation!
The only way to go about crypto assets’ price action (especially for new tokens like ESPR) is to look at their charts in combination with real-time, on-chain metrics. This is where Moralis Money is the go-to tool!
EspressoBot ($ESPR) Future Forecast
Despite the above fact, many of us just want some numbers to work with – even if they are complete speculations.
For instance, we can use the Fibonacci retracement tool, particularly its most optimistic level (the “4.236” extension). The latter points to $0.033-ish in case the Espresso crypto asset breaks above its current ATH.
Another way to speculate on the long-term Espresso coin price prediction would be to compare the asset’s market cap with its successful predecessors. However, there are no projects of similar nature that were around in the past bull markets.
However, in case EspressoBot manages to attract individuals to start mining their ERC-20 tokens, the Espresso coin price prediction could be as high as $1 or even higher in the upcoming bull market (2024-2025). But after that bull run, the price of $ESPR will most likely plummet well below $0.033.
Buying the ESPR Token – Things to Consider
The above sections are a great starting point. They will help you determine whether or not you are even slightly interested in investing in the Espresso crypto project. If so, you ought to research the project and the ESPR coin further. And there’s no better place to do that than the Moralis Money Espresso ($ESPR) token page!
So, follow the “$ESPR” link in the previous sentence or use the interactive widget below:
Nonetheless, make sure to consider your current financial situation and your risk tolerance.
What is the Best Place to Buy $ESPR?
At the time of writing, you can buy the Espresso crypto asset on Uniswap and Bitget. However, you don’t need to visit Uniswap’s dapp or Bitget to buy $ESPR.
Instead, you can do so via Moralis Money’s instant crypto swap feature:
The above path is, without a doubt, the most practical and fastest way to buy $ESPR. Plus, it is one of the safest and cheapest crypto swap platforms thanks to the power of the 1inch aggregator. The latter always ensures you get the best price.
Espresso ($ESPR) Coin Price Prediction and ESPR Token Analysis – Key Takeaways
- The Espresso crypto project went live in July 2023 and is all about creating ERC-20 tokens in minutes via a Telegram bot known as EspressoBot.
- Anyone with a Web3 wallet (e.g., MetaMask), the Telegram app, and a sufficient amount of ETH can use EspressoBot to create a new ERC-20 token.
- The bot offers specific token feature options to its users.
- Espresso takes its cut via taxes and fees.
- The project also has its native currency: the ESPR coin.
- Anyone can freely trade $ESPR or use it to reduce EspressoBot fees and take part in the project’s revenue sharing.
- $ESPR is currently at an important price level that needs to hold if the asset is to go on another rally soon.
- Don’t be fooled by any Espresso coin price prediction – they are all pure speculations.
- Use Moralis Money’s $ESPR token page to determine if and when to buy this coin.
Whether you buy $ESPR or not, don’t forget that there are thousands of other altcoin opportunities. As such, expand your interest beyond the Espresso crypto token sooner rather than later. Start using Moralis Money’s core feature – Token Explorer – today and find tokens before they pump!
This awesome tool sifts through real-time, on-chain data to help you find alts with promising potential. This is how you can find all sorts of tokens, from meme coins (BOBO, PEPE, MOG, etc.) to gambling cryptos (e.g., ALLIN, AXE, RLB, etc.) and many other more serious projects (e.g., Hashflow) in their early stages.