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 presents a distinctive market profile, anchored by a circulating supply of 22900900 and a market capitalization of $57.97M. Trading activity has been moderate, as seen in the current volume of $1.61M, and is further contextualized by an average trading volume over the last 24 hours of $47.59K. The current price stands at $2.53, reflecting a -0.92% change over the past day. Sentiment across the broader crypto market, according to leading metrics, is currently enveloped in a climate of extreme caution, further evidenced by a fear and greed index value of 9 classified as 'Extreme Fear'. Despite a relatively stable price change over the past 24 hours at 0.34%, the absence of recent gains over the past week as indicated by 0.00% suggests a wait-and-see approach among investors.
Technical Analysis
Elastos currently demonstrates a notably cautious technical picture. The short, medium, and long-term simple moving averages are all trending downward, indicating a clear bearish momentum. With the most recent 7, 30, 90, and 200-period SMAs each signaling a sustained downward trajectory, the technical setup suggests ongoing pressure on the asset's value. Additionally, the volatility over the past 24 hours, as shown by 0.57%, points to generally muted price swings, reflective of low risk appetite within the market. Short-term price changes have been modest, with a recent 1-hour movement that underlines this tentative environment. Collectively, these signals imply that Elastos may continue to face headwinds unless there is a decisive shift in trading sentiment or fundamental triggers emerge.
Future Price Predictions
| Year | Year High | Year Low |
|---|---|---|
| 2026 | $4.6 | $1.2 |
| 2027 | $6 | $1.6 |
| 2028 | $8.2 | $2.2 |
| 2029 | $10.5 | $2.9 |
| 2030 | $13.3 | $3.8 |
Expert Prediction
From an analytical standpoint, Elastos is trading at $2.53, displaying signs of consolidation amid prevailing market nerves. With short-term and long-term momentum indicators persistently pointing down, the asset is not currently exhibiting strong bullish signals. Volume dynamics, as demonstrated by the 24-hour average of $47.59K, suggest that liquidity is present but far from exuberant. The overarching mood, as marked by the extreme fear index at 9, continues to weigh on market enthusiasm. In this context, Elastos could remain range-bound in the near future, awaiting a sentiment reversal or fundamental catalyst before a sustainable upward move can be established.
| Volume (24h) | $1.61M |
| Current Supply | 22.90M |
| Market Dominance | 0.00% |
| Circulating Supply | 22.90M |
| Volatility (24h) | 57.40% |
| Fear & Greed | 9 (Extreme Fear) |
Other Price Predictions
