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What is Elastos (ELA)?

Elastos basic info

Name:Elastos
Ticker:
Introduction:

What Is Elastos?

Elastos is a blockchain-powered project designed to usher in a new era of the internet, emphasizing decentralization, security, and digital asset ownership. Founded in 2017 by Rong Chen, Elastos aims to restore the internet to its original vision—a truly free and private ecosystem. At its core, Elastos focuses on providing a platform for Web3 applications, enabling users to truly own their personal data and information. This initiative is not just about enhancing the user experience in the Web3 space but also about transcending the next wave of the internet, making it more accessible and open-source on a global scale.

The project is particularly revolutionary in the digital identity space, offering an open-source universal Decentralized Identity (DID) solution. This solution is a game-changer in securing personal identities and data, which are often exploited in the current digital landscape. By restoring anonymity and privacy, Elastos eliminates the need to trust large organizations with personal data storage. Users can create their own DIDs, giving them complete control over their information and the choice of who to share it with, thereby ensuring a higher level of security and privacy in their online interactions.

Resources

Whitepaper: https://www.elastos.org/downloads/elastos_whitepaper_en.pdf

Official Website: https://elastos.info/

How Does Elastos Work?

Elastos operates through a unique ecosystem that integrates various components, each playing a fundamental role in powering the platform. One of the key features of Elastos is its ability to allow users to create their own DIDs. These DIDs enable users to store all their personal data existing on Web3, thus giving them full control over their information. This feature is crucial in the era of data privacy concerns, as it empowers users to decide who has access to their personal information.

The Elastos ecosystem is further enhanced by the Essentials Wallet, which provides a powerful and seamless user interface. This wallet is a one-stop shop for all Elastos needs, allowing users to interact with different Web3 decentralized applications (dApps) and other external blockchains. It supports token swapping, bridging, and payments across a variety of popular external blockchains, enabling a comprehensive multi-chain experience. Additionally, the Cyber Republic (CR) mechanism within Elastos facilitates governance through a community-based system. This system drives project proposals and initiatives, leading to a more efficient method for reaching agreements on the project’s future development, asset management, and more.

What Is ELA Token?

ELA is the native token of the Elastos ecosystem and serves multiple crucial functions. It is primarily used for storing information on the DID sidechain, processing network payments, and trading goods and services across the network. ELA has a maximum supply of 28,220,000 tokens.

What Determines Elastos’s Price?

The price of Elastos (ELA), like many cryptocurrencies, is influenced by a combination of market demand, technological advancements, and broader economic factors. As investors and enthusiasts look towards price predictions for 2024, they closely monitor Elastos's historical performance through various charts and data analytics tools. Key determinants of Elastos's price include its adoption rate, particularly in the realm of decentralized identities (DIDs) and Web3 applications, and the overall growth of its ecosystem components like the Essentials Wallet and the Cyber Republic governance model. Additionally, the integration and performance of the ELA token within the Elastos ecosystem, especially in terms of its utility in smart contract computations and identity data management, play a significant role. Market sentiment, driven by news, technological updates, and global economic conditions, also significantly impacts Elastos's valuation. As blockchain technology continues to evolve, the unique features and advancements of Elastos are closely watched by investors and analysts, making its price subject to the dynamic and rapidly changing landscape of the cryptocurrency market.

For those interested in investing or trading Elastos, one might wonder: Where to buy ELA? You can purchase ELA on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

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Current price:
All-time high:$93.96
All-time low:$0.7947

ELA supply and tokenomics

Circulating supply:22,442,252 ELA
Total supply:25,778,515 ELA
Max supply:28,219,999 ELA
Market cap:$49.20M
Fully diluted market cap:$61.87M

Links

Buy Elastos for $1Buy ELA now

What is the development prospect and future value of ELA?

The market value of ELA currently stands at $49.20M, and its market ranking is #654. The value of ELA is not widely recognized by the market. When the bull market comes, the market value of ELA may have great growth potential.

As a new type of currency with innovative technology and unique use cases, ELA has broad market potential and significant room for development. The distinctiveness and appeal of ELA may attract the interest of specific groups, thereby driving up its market value.

What will the price of ELA be in 2025?
Based on ELA's historical price performance prediction model, the price of ELA is projected to reach $3.26 in 2025.
What will the price of ELA be in 2030?
In 2030, the ELA price is expected to change by -4.00%. By the end of 2030, the ELA price is projected to reach $7.28, with a cumulative ROI of +222.51%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of ELA and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is ELA worth investing or holding? How to buy ELA from a crypto exchange?

If you want to buy ELA, the following information may be helpful for your investment decisions:
In the last 7 days, the price of ELA has fallen by -17.19%, leading to negative returns for most ELA investors. The market is currently pessimistic about the price trend of ELA.
It is important to note that the current price of ELA has retreated by -97.67% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether ELA is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in ELA or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of ELA, if you want to buy or sell ELA, you can consider Bitget for your trading needs. The best place to buy ELA is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Elastos has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Elastos. Here's a step-by-step guide on how to buy Elastos on Bitget.

How to get Elastos through other methods?

Using cash to buy Elastos is not the only way to obtain Elastos. If you have the time to spare, you can get Elastos for free.
Learn how to earn Elastos for free through the Learn2Earn promotion.
Earn free Elastos by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Elastos airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Elastos through Bitget Convert, Bitget Swap, or spot trading.

What is Elastos used for and how to use Elastos?

The use case of Elastos may expand as the crypto market and the project itself develop. Currently, you can use ELA to achieve the following goals:
Arbitrage by trading ELA: Since ELA is a frequently traded cryptocurrency, the price of ELA is always fluctuating. Earn more ELA by buying low and selling high on the exchange. Bitget spot market provides a variety of ELA trading pairs to fully meet your needs.
Earn by staking ELA: You can also generate income through financial management methods such as staking ELA or lending ELA. Bitget Earn offers a variety of financial products designed to help you earn more income from your ELA.
Send or pay ELA: If you want to give ELA to your friends, a charity, or a fundraiser, or you want to pay someone with ELA, you can quickly and easily send ELA to the recipient through their payment address.
You can also go to the official website of the Elastos project to learn more about the use cases of ELA. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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ELA resources

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Links
Elastos WebsiteElastos WhitepaperElastos TwitterElastos Github

ELA price calculator

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ELA
USD
1 ELA = 2.19 USD
Last updated (UTC-0)
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