ELA Price Analysis
About Elastos
"Founded by OS expert Rong Chen, Elastos is building the blockchain industry’s most comprehensive and interoperable open source platform. Using a hybrid consensus that combines the secure hashpower of Bitcoin and the democratic ideals of Delegated-Proof-of-Stake, the SmartWeb of Elastos is a suite of software for an entirely decentralized internet. Elastos employs not only blockchain technology, but a peer-to-peer network for communication, decentralized data storage services, and a decentralized ID (DID) system for all digital assets. With sidechains like Ethereum, Elastos is not merely the foundation for securing truly decentralized applications that can scale, it is the foundation for true data ownership. elastOS, the flagship product of the Elastos Smartweb, brings the entire decentralized ecosystem into a single App, currently available for Android and in development for both iOS and desktop. Elastos is also actively searching for both new and existing dApp projects through its Cyber Republic initiative. Cyber Republic possesses a community-governed grant fund designed to help startups and existing businesses explore blockchain. You can read more about Cyber Republic at https://www.cyberrepublic.org.
Market Overview
Elastos features a circulating supply of 22900900, underpinning its current market structure. Trading volume has been healthy, evidenced by a 24-hour figure of $1.61M and an average daily turnover of $126.93K, which reflects sustained market interest. The asset’s market capitalization remains robust at $57.97M, contributing to its visibility within the broader digital asset landscape. Most notably, the sentiment index currently reads 60, classified as Greed, indicating the presence of considerable optimism among market participants. As a result, the overall market environment appears constructive, albeit with a watchful eye on evolving sentiment.
Technical Analysis
Elastos recently exhibited notable momentum, as reflected in the recent movement around the $2.53 mark. The short-term 7-day and 30-day simple moving averages (SMA) are currently trending downward, which indicates a period of consolidation or correction following previous gains. However, both the 90-day and 200-day SMAs are trending upward, signaling persistence of a broader bullish trend despite short-term pullbacks. Volatility over the past 24 hours, at 0.44%, further underscores active price fluctuations. Overall, while short-term indicators suggest caution, the longer-term metrics reveal underlying strength and the potential for future upward movement.
Future Price Predictions
| Year | Year High | Year Low |
|---|---|---|
| 2026 | $4.1 | $2.3 |
| 2027 | $6.5 | $3.1 |
| 2028 | $8.8 | $4.25 |
| 2029 | $12.5 | $5 |
| 2030 | $17 | $6.2 |
Expert Prediction
Given Elastos’ latest trajectory, analysts are closely watching the short-term weakness reflected in a -5.80% shift over the past day, tempered by a stable performance over the past week. The long-term upward movement in major SMAs suggests that foundational demand remains in place, especially as the broader crypto market digests recent volatility. The prevailing sentiment score of 60, falling within the Greed zone, highlights a market eager for further upside. While short-term corrections may persist, the convergence of technical and sentiment indicators points toward an encouraging medium- to long-term outlook for Elastos.
| Volume (24h) | $1.61M |
| Current Supply | 22.90M |
| Market Dominance | 0.00% |
| Circulating Supply | 22.90M |
| Volatility (24h) | 44.08% |
| Fear & Greed | 60 (Greed) |
Other Price Predictions
