In this guide, we will share our and the market’s view of 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 forecast with a grain of salt as predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like Elastos.
Now, let’s get into it.
Before delving into Elastos price prediction and answering questions about 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.
Elastos aims to create a new kind of internet, powered by blockchain technology.
It is a VM (virtual machine) that can run on any device increasing security, processing power, corrects holes in general Internet protocols, allows devices to run in C instead of java etc.
Elastos wants to make digital assets scarce, identifiable and marketable. 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 thus 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 instantly adoptable and invisible to end users. It’s like installing Java on your computer running in the background and when a program requires Java it will load smoothly 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 building 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 early investors and advisors to Elastos.
Elastos Price Forecast
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon 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 sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Elastos Price Prediction 2023
High inflation and the extremely dangerous macroeconomic situation have been heavily reflected in the price of Bitcoin in 2022. When we take the internal crypto issues with big players like FTX, Celsius, Voyager, Luna going down, 2023 doesn’t look too good for bulls. We’ll likely see a lot of boring sideways price action with a tendency to slide down with each minor market tremor.
ELA Price Prediction 2025
Our forecast model sees ELA reaching $1.67 in 2025.
How much will ELA be worth in 5 years?
The price of ELA in 5 years could be around $ 1.55
Elastos Price Prediction 2030 – 2040
How much will Elastos be worth in 2030?
Our forecast model sees Elastos reaching $4.18 in 2030.
How much will Elastos be worth in 2040?
Our forecast model sees Elastos reaching $8.36 in 2040.
Will Elastos replace/surpass/surpass Bitcoin?
No, Elastos will not replace or exceed BTC.
Can Elastos reach $10?
Yes, Elastos could reach $10 by the end of 2025.
Can Elastos reach $100?
No, our forecasting model sees no chance for Elastos to reach $100 in the short or medium term.
Can Elastos reach $1000?
No, our forecasting model sees no chance for Elastos to reach $1000 in the short or medium term.
Is it worth buying Elastos?
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, it is worth buying Elastos.
Is Elastos a good investment?
Elastos is, just like all other cryptocurrencies, a risky investment. It is more likely to go up than down because of the good use case, well-designed tokenomics, active community, and a strong team behind it.
How much will Elastos be worth?
For the short-term future, it could reach $0.5114. In the long term (8-10 years), it could jump to $4.18 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’s why our forecast model sees Elastos rise to $4.18 in 2030.
Why will Elastos go bankrupt and fall in price?
Cryptographic projects fail for various reasons. Some of the most common are: the 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 a well-designed marketing strategy, loss of community support, potential vulnerability in the protocol, failure to achieve the minimum development activity foreseen on the protocol, inability to attract new developers to build on their platform.
How high will Elastos go?
Our prediction model sees the price of Elastos explode and reach $8.36 in the distant future.
What is the short-term forecast for Elastos?
Elastos will reach $0.5114 over the next 90 days, which is a 37% change from the current price which hovers around $0.8117.
Can Elastos make you a millionaire?
Yes, if you buy a large enough sum. 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 Prediction Today – What will be the price of Elastos tomorrow?
Elastos will hover around $0.8654 tomorrow.