In this guide, we will voice our own and market’s opinion on ELA future while discussing Elastos price forecast for 2023 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Elastos.
Now, let’s head into it. Before we delve deep into the Elastos price prediction and answer questions if ELA is a good investment or not, why will ELA succeed or fail or why will Elastos price rise or drop, let’s quickly throw a glance at what is ELA and its to date history.
Elastos Intro
Elastos aims to create a new kind of Internet, powered by blockchain technology.
It’s a VM (virtual machine) that can be ran on any device increasing security, processing power, fixes holes in the internets general protocols, allows devices to run in C as opposed to java etc.
Elastos wants to make digital assets scarce, identifiable and tradable. Property rights pave the way for wealth creation, and Elastos intends to build a new World Wide Web that respects those rights.
Apps can be built on Elastos, and therefore take advantage of keeping things on the blockchain and making them all accounted for and scarce. The best part is that Elastos can be implemented into any operating systems we use today, making it instantly adoptable and invisible to the end users. It’s like installing Java on your computer that runs in the background, and when a program requires Java it will just load seamlessly when you open it.
Elastos will use blockchain technology to issue IDs for digital content, making it possible to know who owns which digital assets. The combination of Elastos and blockchain technology lays the foundation for a trustworthy and secure Internet of Wealth. Elastos will be a platform for decentralized applications (Dapps) that runs on a peer-to-peer network with no centralized control.
People can access these Dapps via their mobile phones, without changing their operating system. The old Internet is a Web of information. If you click a URL, you get data. Elastos is creating a Web of apps. When you click a URL, you get code. The Elastos Web will be a special economic zone where Elastos tokens function as the base currency.
Elastos already has its main network that went live couple of months ago at https://blockchain.elastos.org/. Da Hongfei of NEO and Jihan Wu of Bitmain are both early investors and advisors to Elastos.
Elastos Price Prediction
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
ELA Price Prediction For The Next 90 Days
Below is a tabular overview of how will ELA develop in the short-term (for the next 90 days), according to our prediction model:
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Elastos Price Prediction 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
ELA Price Prediction 2025
Our prediction model sees ELA reaching $ 2.89 in 2025.
What will ELA be worth in 5 years?
The price of ELA in 5 years could lie around $ 2.68, according to CaptainAltcoin’s prediction model.
Elastos Price Prediction 2030 – 2040
What Elastos will be worth in 2030?
Our forecasting model sees Elastos reaching $7.24 in 2030.
What Elastos will be worth in 2040?
Our forecasting model sees Elastos reaching $14.47 in 2040.
Will Elastos replace / surpass / overtake Bitcoin?
No, Elastos will not replace or overtake BTC.
Can Elastos reach $10?
Yes, Elastos could reach $10 by the end of 2025.
Can Elastos reach $100?
No, our prediction model sees no possibility for Elastos to reach $100 in the short or mid-term period.
Can Elastos reach $1000?
No, our prediction model sees no possibility for Elastos to reach $1000 in the short or mid-term period.
Is Elastos worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Elastos is worth buying.
Is Elastos a good investment?
Elastos is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Elastos be worth?
For the short-term future, it could reach $0.8865. In the long-term (8-10 years), it could jump to $7.24 or even higher.
Why will Elastos succeed and go up in price?
Elastos has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Elastos rising up to $7.24 in 2030.
Why will Elastos fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
How high will Elastos go?
Our forecasting model sees Elastos price exploding and reaching $14.47 in a distant future.
What is the short-term prediction for Elastos?
Elastos will reach $0.8865 in the next 90 days, which is a 41.2% change over the current price which hovers around $1.51.
Can Elastos make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Elastos millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Elastos could make you a millionaire.
Elastos Price Prediction Today - What will be the price of Elastos tomorrow?
Elastos will hover around $1.66 tomorrow.
Read also:
- Elrond Price Prediction | EGLD Forecast
- Aave Price Prediction | AAVE Forecast
- Cosmos Price Prediction | ATOM Forecast
- Uniswap Price Prediction | UNI Price Forecast
- Binance Coin Price Prediction | BNB Price Forecast
- Enjin Price Prediction | ENJ Price Forecast
- Cardano Price Prediction – ADA Price Forecast
- Bitcoin Price Prediction– Future Forecast For BTC Price
- Ethereum Price Prediction – Future Forecast For ETH Price
- Ripple’s XRP Price Prediction: Future Forecast for XRP Price
- Solana [SOL] Price Prediction
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
