Elastos (ELA) Analysis

Market Cap

$29,021,898 USD

Volume (24h)

$810,841 USD

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3.9

SAFETY

Ranking factors:

Markets

How many exchanges are there to trade this coin?

Elastos Markets Rank: 3/100
Volume Ratio

How actively is this asset being traded on the market?

Elastos Volume Ratio Rank: 3/100
Market Cap

The total cost of all coins available.

Elastos Market Cap Rank: 96/100
24h Change

Is the price moving up or down?

Elastos 24h Change Rank: 51/100
Social Following

How many users are following this coin?

Elastos Social Following Rank: 88/100
Google Trends

How many users are searching for the coin?

Elastos Google Trends Rank: 1/100
Twitter Citation

How many users are talking about this coin in Twitter?

Elastos Twitter Citation Rank: 51/100
User Voting

How popular is this coin among Cointobuy community?

Elastos User Voting Rank: 95/100

Elastos investment analysis

Coins don’t grow off trees nor do the dividends; so also, making a living off the internet has become more practical than we once thought in the early days of the industry. The internet of value is the new slogan, people are making so much from the internet both in financial and technological advancements which have directly impacted every facet of the economy. Elastos is among those contributing to the strides of this new economic drift of the 21st century.

Elastos investment started in 2017 and since then, it has concerned itself with the development of an operating system using the blockchain instruments. The Asian powered blockchain product is among the very few decentralized systems with a real-world use.

After a successful crowdsale ushered in by a whopping contribution of 4000BTC during their private sale, the platform has proven to be one of the unique platforms the decentralized ecosystem supports.

How to buy?

$1.58

+66.5%

$2.62

191/2559

by Safety

1442/2559

by Profit

How to buy Elastos?

There are two exchanges where ELA token is being listed at the time of writing. This cryptocurrency is being traded with BTC, ETH, and USDT; and as expected, BTC takes a larger percentage of the trade markets, which means there is more liquidity when you are trading with BTC. Hopefully, as the coin gets more attention from the blockchain community and a boost in trading activities occur, there would be more exchanges willing to list the asset and volume will correspondingly increase.

To buy Elastos, you will need to ensure that you have registered with any of the exchanges where the token is being listed and also have sufficient balance of any of the trade pairs of your choice. If you do not have any of the trade pairs, you may need to purchase it using your credit card from another exchange or if the current exchange supports trades to the USD and other local currencies, it simplifies the process.

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Essentially, what you should be looking out for in order to determine the safety of the timing of your investment must include the technological infrastructure, layout, and prospects in the internet market. Moreover, we must also consider the use case feasibilities.

Firstly, it’s a consoling thought to know that tech companies are pushing forward the barriers of this new age tech and are finding new ways to harness the potentials of the industry.

By creating a digital identity that is tied to the blockchain, and referenced on demand, Elastos intends to disrupt the operating system of internet functions literally. With this concept, every content on the uploaded to the internet has a unique string of identity containing content origin and authorship. There’s also the delimitation of censored data, which will also be removed to ensure maximum user experience while surfing the web.

Their concept of combining mining operations with that of bitcoin and sharing the proof of work consensus algorithm is rather ingenious whereby it does not impact the mining requirements but contributes immensely both to the development, adoption and innovative advancement of the industry.

Creating a marketplace with the platform’s token as the singular operational token will ensure a truly decentralized niche for the exchange of digital data and their alternate values.

The design of the platform’s infrastructure is meant to support both main and sub chain data heaps on the network, to ensure independence and interoperability, therefore having a unique upgrade from the parallel designs of other blockchain products when crossed with other technologies and devices.

In a nutshell, the problems being addressed by the platform are indeed real, and the solutions are edging towards a new technological dawn. With the sophistication of the blockchain enterprise and the products that come off it, the digital economy built on the internet will indeed empower tech enthusiast thereby creating a new stream of income for a huge number of individuals.

So if you were to invest in ELA, you will be staking your investment in a smart web product whose developers already have well-established proof of existence as they have been in tech business (on the traditional plane) for over 17 years.

They have quite the partnership base that has helped the platform soared even the more within the short period of time they existed on the blockchain space.

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