It’s true that Elastos was a great disappointment for investors in 2019. ELA price went down from $2.728 on January 1st 2019 to $1.450 on December 31 2019. However, it is worth monitoring our Elastos price prediction algorithm: Elastos might still have investment potential if not short term in 2020, then long-term. If you look for good return in 3 to 5 years, ELA might be the coin to watch closely now.
The current Elastos price is $1.59, its circulating supply is 16 662 427 ELA. Our algorithm predicts that based on historical data Elastos price will be at $1.79 in 1 week and $2.25 in 1 month. Our deep learning algorithm predicts the ELA price will be at $4.43 in 6 months. Analysis of the cryptocurrency market shows that Elastos price may reach $5.42 by 1st of January 2021 driven by the potential interest from large institutional investors and more regulation expected in the field of digital currencies. The system predicts that ELA will stay around $4.89 in 2020, $5.42 in 2021, $5.72 in 2022, $6.57 in 2023 and $7.30 in 2024.
While creating the Elastos prognosis our script has revealed strong fluctuations during the last 180 days. The highest possible predicted price in 180 day period is $4.43 and lowest possible predicted price is $3.34.
The current market dynamics creates the impression that investors' interest in cryptocurrency market has faded away, which may not be the case. Cryptocurrencies that truly deliver value will not vanish, they will continue to grow – and Elastos has the potential to stay within "survivors" team. Our Elastos short-term and long-term prediction charts will help you choose the right entry time and create a proper exit plan.
Keep a close look on our Elastos Price Prediction Forecast Tool to get daily, weekly, monthly and yearly Elastos forecast updated daily. You can also check other cryptocurrency price prediction here.
What is the current price of Elastos (ELA)?
The current price of Elastos is $1.59.
What is the current market capitalization of Elastos (ELA)?
The current market capitalization of Elastos is $26 457 780.
What will be the price of Elastos (ELA) Tomorrow?
Our algorithm forecasts that the price of Elastos will reach $1.67 tomorrow.
In 1 year from now what will 1 Elastos be worth?
As per the forecast and algorithmic analysis, the the price of 1 Elastos will be around $4.89.
Is it profitable to invest in Elastos (ELA)?
The investment period is the number 1 decisive factor here. Based on last year price data the system would put "With Caution" investment status for Elastos (ELA) as a short term investment. Elastos can get a "Profitable" investment status based on our prediction algorithm with long term investment horizon of 3 to 5 years.
Will Elastos be growing in the Future?
Elastos is potentially one of the most profitable among digital coins.
How high can the Price of Elastos go?
Our algorithm forecasts that the price of Elastos will reach $7.30 by 2023.
Is Elastos (ELA) flashing a "Buy" signal now?
Yes, our algorithm predicts it's the right time to buy Elastos now.
Electroneum had only had two significant spikes in trading volume this year but they had little to no impact on the price of this coin. The first one occurred at the beginning of April, and it had been a huge one that surpassed the $8 million mark for a few days in a row. The second one happened just a couple of days ago with trading volume again reaching $8 million. But on both occasions, the price had gone down or continued the correction.
The prime time of Elastos, and hundreds of other altcoins, happened in 2017, but now it has passed. So, I was quite surprised when I found out that ELA actually has a daily trading volume of over $3 million, which is quite impressive for a coin that hasn't made it to Top 100. Fundamentally, this coin isn't particularly impressive, but I must admit that it tends to show strong impulses to the upside, which occurred at least three times this year.
It appears that the entire cryptocurrency market remains undecided regarding whether it would continue the bull run or surrender to the bears. It has been consolidating for almost two months now, and I got a gut feeling that we are going to see red all the way through December. Which means that it's probably the last chance to dump the coins like Elastos, which are being placed below Top 100, and invest in BTC. The alt season is not going to happen any time soon, so there is really no logic in holding on to ELA, or any other inferior coins for that matter.
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