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 is navigating a complex environment characterized by a circulating supply of 22900900 tokens. Market capitalization stands currently at $57.97M, positioning Elastos within a select group of digital assets. Trading activity over the previous session reached $1.61M, underscoring sustained liquidity and investor engagement. The prevailing sentiment, according to the latest Fear & Greed Index reading, reveals a value of 20, placing the market firmly in an 'Extreme Fear' classification. This heightened risk aversion is often associated with undervalued opportunities or the possibility of continued caution among participants. Notably, average hour-by-hour volumes are at $2.06K, contributing to a steady churn throughout the daily trading cycle.
Technical Analysis
Recent technical movements for Elastos suggest a market at a critical juncture. The 7-day and 30-day simple moving averages indicate a persistent downward trajectory, with both trendlines sloping negatively. This sustained bearish momentum over several periods points to ongoing selling pressure, while the 90-day and 200-day averages reinforce the prolonged nature of this trend. Intraday volatility remains elevated at 0.34%, which signals substantial price swings and uncertainty among traders. Meanwhile, the last 24 hours saw a change of -0.92%, reflecting continued short-term hesitation. The prevailing technical setup highlights the importance of monitoring for a potential reversal or further breakdown as the market reacts to developing sentiment.
Future Price Predictions
| Year | Year High | Year Low |
|---|---|---|
| 2026 | $3.15 | $1.3 |
| 2027 | $4 | $1.6 |
| 2028 | $5.2 | $2.1 |
| 2029 | $7 | $2.8 |
| 2030 | $9.8 | $3.5 |
Expert Prediction
Taking a longer-term view, analysts remain cautiously optimistic about Elastos' outlook. The current price action at $2.53 puts it above longer-term moving averages, which have maintained a downward slope for multiple consecutive periods. Despite negative momentum seen over the past week, the combination of strong trading volumes and a consistent circulating supply offers a foundation for potential recovery. However, with fear dominating sentiment as measured by the Extreme Fear, any meaningful upside is likely to be gradual and intermittent. Market participants are advised to remain attentive to shifts in sentiment and technical signals, especially given the asset's high volatility profile.
| Volume (24h) | $1.61M |
| Current Supply | 22.90M |
| Market Dominance | 0.00% |
| Circulating Supply | 22.90M |
| Volatility (24h) | 34.02% |
| Fear & Greed | 20 (Extreme Fear) |
Other Price Predictions
