In this guide, we will express our opinion and that of the market on the future of ELA as we discuss Elastos’ price forecasts for 2023 and beyond.
Keep in mind that you should take this and any other prediction with a grain of salt as predicting anything is a thankless task, not to mention predicting the future of a new highly volatile financial asset like Elastos.
Now, let’s get inside.
Before delving into Elastos’ price prediction and answering the questions of whether ELA is a good investment or not, why ELA will succeed or fail, or why the price of Elastos will rise or fall, let’s quickly take a look at what ELA is and its history to date
.
Table of Contents:
Elastos Intro
Elastos aims to create a new type of Internet, powered by blockchain technology.
It is a VM (virtual machine) that can be run on any device, increasing security, processing power, corrects holes in general Internet protocols, allows devices to work in C instead of Java, etc.
Elastos wants to make digital assets scarce, identifiable and marketable. Property rights pave the way for the creation of wealth and Elastos intends to build a new World Wide Web that respects those rights
.
Apps can be built on Elastos and then benefit from keeping things on the blockchain and making them all accounted for and scarce. The best part is that Elastos can be implemented in any operating system we use today, making it immediately adoptable and invisible to end users. It’s like installing Java on your computer that runs in the background, and when a program requires Java it will load without problems 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 reliable and secure Internet of Wealth. Elastos will be a platform for decentralized applications (Dapps) that runs on a peer-to-peer network
without centralized control.
People can access these Dapps through their mobile phones, without changing their operating system. The old Internet is an information network. If you click on a URL, you get data. Elastos is creating a Web of apps. When you click on a URL, you get the code. Elastos Web will be a special economic zone where Elastos tokens will function as the base currency
.
Elastos already has its main network that went live a couple of months ago on https://blockchain.elastos.org/. Da Hongfei of NEO and Jihan Wu of Bitmain are both the first investors and advisors
to Elastos.
Elastos Price Prediction
The entire cryptocurrency world is on the brink of complete collapse. Bitcoin is down 75% from its all-time high amid the broadest market declines caused by furious inflation and US Fed rate hikes
.
When you add the most recent collapses of huge players in the sector (FTX, Celsius, Luna, etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore the sell off
.
Our lake still sees some green in 2023, especially in the second part of the year. This is reflected in our 2023 forecasts
.
Right now, Bitcoin needs to find a bottom before we can move in the other direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same — we’ve witnessed this scenario dozens of times in 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 the 1st to the 2nd quarter. We expect whales and other larger market players to finish filling their bags around that time, which will cause a typical and sudden
crypto spike.
Elastos Price Prediction 2023
High inflation and the extremely dangerous macroeconomic situation were heavily reflected on the price of Bitcoin in 2022. When we take the internal cryptographic issues with big players like FTX, Celsius, Voyager, Luna going down, 2023 doesn’t look too good for the bulls. We’ll probably see a lot of boring sideways price action with a tendency to slide down with every minor market tremor
.
ELA Price Prediction 2025
Our forecast model sees ELA reaching $2.83 in 2025.
How much will ELA be worth in 5 years?
The price of ELA in 5 years could be around 2.60 dollars
Elastos Price Prediction 2030 — 2040
How much will Elastos be worth in 2030?
Our forecast model sees Elastos reach $7.07 in 2030.
How much will Elastos be worth in 2040?
Our forecast model sees Elastos reach $14.14 in 2040.
Will Elastos replace /surpass /surpass Bitcoin?
No, Elastos will not replace or surpass BTC.
Can Elastos reach $10?
Yes, Elastos could reach $10 by the end of 2025.
Can Elastos reach $100?
No, our forecast model sees no chance for Elastos to reach $100 in the short or medium term.
Can Elastos reach $1000?
No, our forecast model sees no chance for Elastos to reach $1000 in the short or medium term.
Is Elastos worth buying?
We are supporters of moderately risky investments: invest most of your cryptocurrency portfolio in BTC (50%); 35% in a basket of large-cap coins and the rest in small projects with huge increases. So in this context, Elastos is worth buying
.
Is Elastos a good investment?
Elastos is, just like all other cryptocurrencies, a risky investment. It’s more likely to go up than down because of the good use case, the well-designed tokenomics, the active community, and a solid team behind
it.
How much will Elastos be worth?
For the short-term future, it could reach $0.7916. In the long term (8-10 years), it could jump to $7.07 or even higher
.
Why will Elastos be successful and will it go up in price?
Elastos has a good use case, well-designed tokenomics, an active community, and a strong team behind it. All of these are a prerequisite for success and that’s why our prediction model sees Elastos rise to $7.07 in 2030.
Why will Elastos fail and fall in price?
Cryptographic projects fail for various reasons. Some of the most common are: the team becomes a rogue and abandons the project, regulators declare it illegal and press exchanges to defraud it, lack of media attention, more successful competitors, lack of a well-designed marketing strategy, loss of community support, potential vulnerability in the protocol, failure to achieve the minimum development activity expected on the protocol, inability to attract new developers to build on
their platform.
How high will Elastos go?
Our forecast model sees the price of Elastos explode and reach $14.14 in the distant future.
What is the short-term forecast for Elastos?
Elastos will reach $0.7916 in the next 90 days, which is a variation of 41.8% compared to the current price of around $1.36.
Can Elastos make you a millionaire?
Yes, if you buy a fairly large amount. Don’t expect to invest $100 and become an Elastos millionaire. But 100x price explosions are a common sight in cryptocurrencies, so a $10k investment in Elastos
could make you a millionaire.
Elastos Price Forecast Today — What will be the price of Elastos tomorrow?
Elastos will hover around $1.43 tomorrow.
