Elastic (XEL) Live Price Chart & History

Live XEL / USD Price Chart

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Risk Warning: Your capital is at risk

Price USD 7.99%
$0.354610
Price BTC
0.00003849
Volatility (7d)
1.01 %
Volatility (30d)
1.87 %
Market Cap USD
$32.4M
Market Share
Since launching at $0.778723 on 24/06/2017 Elastic has achieved a price of $0.35461, rising 3.71% in the last week alone.

Elastic Price Analysis: Predictions and Forecasts

Why buy Elastic? What is it used for?

Elastic is an open-source project that provides the infastructure for a decentralized supercomputer. r, designed to carry out arbitrary tasks over the internet. Those who need computational resources, model their problem using Elastic’s programming language (Elastic PL) and broadcast it on the network, along with a certain amount of XEL coins. The Elastic miners are then motivated to offer their computational resources in exchange for a portion of those XEL coins... Elastic Coin provides the infrastructure for a decentralized and distributed computation of arbitrary tasks over the internet. In this context, Elastic Coin is built on-top of a crypto currency and provides a market-based mechanism to buy and sell computational resources. Buyers, those who need computational resources, model their problem using Elastic Coin’s software development kit and broadcast it, along with a certain amount of ELC coins, to the network. The so-called miners are then motivated to offer their computational resources in exchange for a portion of those ELC coins. The size of this portion depends on the amount of work a miner has contributed in relation to the rest of the network. Using ELC as the driving force, Elastic Coin offers potential buyers a large parallel computation cluster composed of many CPUs, GPUs, FPGAs and other devices supplied by the miners. All at a fair and market-driven price.
Elastic was launched in 24/06/2017. It uses the Proof of work method of consensus, and is based on the N/A algorithm. Elastic's goals include Elastic offers a versatile and flexible system by enabling self programmable tasks instead of hardcoded use cases. This is achieved thanks to the proprietary ElasticPL programming language. The system offers trustless access to computational resources at any time and from any location, while keeping privacy and anonymity.. Elastic aims to set itself apart from other cryptocurrencies due to Besides its own dedicated blockchain, the system contains three main components: A core client, the XEL miner, and the ElasticPL programming language. The Elastic platform uses the native XEL token. XEL serves as an accounting system and medium of exchange to reward miners with proportional bounties for providing computing power.

Trading Elastic : The Best Platforms to trade XEL

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Risk Warning: Your capital is at risk

Elastic Trading: How To Buy + Trade XEL

Many of the 'long tail' of cryptocurrencies are currently only available at a handful of exchanges, many of which will not accept direct US Dollar, GBP or EUR deposits. In order to make a trade, you need to:
  1. Create a Bitcoin, Litecoin or Ethereum wallet
  2. Create a Elastic wallet to recieve your coins
  3. Buy either BTC, ETH or LTC at an exchange you trust, making a deposit by bank transfer or credit card
  4. Transfer the major coin you have bought to an exchange that trades XEL
  5. Exchange your BTC, ETH or LTC for an amount of XEL, depending on the current exchange rate
  6. Move your Elastic coins from the exchange to your private wallet to protect yourself from hacks or bankcrupcy at the exchange

The downsides of trading XEL on an exchange

As you can see, the process for trading Elastic is not entirely straightforward or without risks. Exchanges are notorious for bad security and there have been several major incidents of hacking or an exchange 'going bust' with the losses to coin holders in the hundreds of millions. It is not safe to keep coins on any exchange, yet moving between exchanges or from an exchange to your wallet will incur fees.

Furthemore, its not uncommon for exchanges to go offline during periods of high volatility - means should the price of Elastic crash you may find yourself unable to trade out of the currency and into a safe haven due to their site crashing.

What's the alternative?

If you plan to trade, rather than buying to hold, we recommend trading with a CFD or forex broker. It may limit your choice of currency, but has considerable advantages:

  • The brokers are established and regulated by financial conduct authorities
  • Brokers regulated in Europe offer deposit protection: if they go bust your deposit will be refunded by the goverment (though not your open trades!)
  • Deposits and trades can be made directly in a currency you are comfortable with - USD, EUR or GBP. No need to calculate multiple exchange rates to know your profit.
  • Forex brokers are accustomed to high volatility and are better prepared for spikes of traffic. In a bear market, you should have a better chance of closing trades and getting your money out before Elastic goes to zero

You can see our list of featured trading platforms here

Will the price Elastic fall continue to rise?

It's impossible to predict for sure if Elastic is due for a crash or is headed to the moon, but this is what we do know:

  • In the past 7 days Elastic has risen by 3.71%
  • In the past month it has gained 23.562950600236%
  • In total it has fallen in value by $-0.424113 since its inception, a change of 45.54%

Can Elastic reach, replace, pass or overtake bitcoin?

At present Elastic is trading at 0.00003849 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 2,598,077.4%. If we assume Elastic continued to as it has in the last month - with a price change of 23.56% it would take 4.1956209968274 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of XEL is going to take off and increase in price to a higher level we've done the math for you.
In order for Elastic to reach $0.50 it needs to increase in price by a factor of 1.41x. Given its present growth rate of 23.56% per month, it could take just 1.5 months to hit a price target of $0.5 USD

What is the probability of hitting $0.50 over time?

Time periodChance final price > $0.5Chance final price < $0.5
1 week9.2%90.7%
1 month26%73.9%
3 months35.5%64.4%
6 months39.6%60.3%
1 year42.7%57.2%
2 years44.8%55.1%
3 years45.7%54.2%
4 years46.3%53.6%
5 years46.7%53.2%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Elastic to reach $1.00 it needs to increase in price by a factor of 2.82x. Given its present growth rate of 23.56% per month, it could take just 4.6 months to hit a price target of $1 USD

What is the probability of hitting $1.00 over time?

Time periodChance final price > $1Chance final price < $1
1 week0%99.9%
1 month2.6%97.3%
3 months13.2%86.7%
6 months21.4%78.5%
1 year28.9%71%
2 years34.7%65.2%
3 years37.4%62.5%
4 years39%60.9%
5 years40.2%59.7%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Elastic to reach $5.00 it needs to increase in price by a factor of 14.10x. Given its present growth rate of 23.56% per month, it could take just 11.8 months to hit a price target of $5 USD

What is the probability of hitting $5.00 over time?

Time periodChance final price > $5Chance final price < $5
1 week0%100%
1 month0%100%
3 months0.2%99.7%
6 months2.1%97.8%
1 year7.8%92.1%
2 years15.8%84.1%
3 years20.7%79.2%
4 years23.9%76%
5 years26.3%73.6%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Elastic to reach $10.00 it needs to increase in price by a factor of 28.20x. Given its present growth rate of 23.56% per month, it could take just 1.2 years to hit a price target of $10 USD

What is the probability of hitting $10.00 over time?

Time periodChance final price > $10Chance final price < $10
1 week0%100%
1 month0%100%
3 months0%99.9%
6 months0.5%99.4%
1 year3.7%96.2%
2 years10.3%89.6%
3 years15.1%84.8%
4 years18.6%81.3%
5 years21.2%78.7%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Elastic to reach $15.00 it needs to increase in price by a factor of 42.30x. Given its present growth rate of 23.56% per month, it could take just 1.4 years to hit a price target of $15 USD

What is the probability of hitting $15.00 over time?

Time periodChance final price > $15Chance final price < $15
1 week0%100%
1 month0%100%
3 months0%99.9%
6 months0.2%99.7%
1 year2.2%97.7%
2 years7.8%92.1%
3 years12.3%87.6%
4 years15.8%84.1%
5 years18.5%81.4%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Elastic to reach $25.00 it needs to increase in price by a factor of 70.50x. Given its present growth rate of 23.56% per month, it could take just 1.6 years to hit a price target of $25 USD

What is the probability of hitting $25.00 over time?

Time periodChance final price > $25Chance final price < $25
1 week0%100%
1 month0%100%
3 months0%99.9%
6 months0%99.9%
1 year1.1%98.8%
2 years5.3%94.6%
3 years9.4%90.5%
4 years12.7%87.2%
5 years15.4%84.5%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Elastic to reach $50.00 it needs to increase in price by a factor of 141.00x. Given its present growth rate of 23.56% per month, it could take just 1.8 years to hit a price target of $50 USD

What is the probability of hitting $50.00 over time?

Time periodChance final price > $50Chance final price < $50
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%99.9%
1 year0.4%99.5%
2 years3%96.9%
3 years6.3%93.6%
4 years9.2%90.7%
5 years11.8%88.1%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Elastic to reach $100.00 it needs to increase in price by a factor of 282.00x. Given its present growth rate of 23.56% per month, it could take just 2.1 years to hit a price target of $100 USD

What is the probability of hitting $100.00 over time?

Time periodChance final price > $100Chance final price < $100
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%99.9%
1 year0.1%99.8%
2 years1.6%98.3%
3 years4%95.9%
4 years6.5%93.4%
5 years8.8%91.1%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Elastic to reach $200.00 it needs to increase in price by a factor of 564.00x. Given its present growth rate of 23.56% per month, it could take just 2.3 years to hit a price target of $200 USD

What is the probability of hitting $200.00 over time?

Time periodChance final price > $200Chance final price < $200
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%99.9%
2 years0.8%99.1%
3 years2.5%97.4%
4 years4.5%95.4%
5 years6.4%93.5%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy

Is Elastic a good investment? Is it safe to put my money into XEL?

No, it is not a 'good investment' to buy Elastic, and given the market volatility it is certainly not safe either. We would urge you to not to consider buying or trading Elastic as an investment but purely speculation.

It is certainly possible to profit from an increase in the value of XEL - and if you short the coin you might even profit from a crash in the market.

However with so much uncertainty in the market the best you can do is make an educated guess as to the direction of the price or the mood of the market. If you're not informed on the fundamentals that's pretty close to a gamble.

Remember, your capital is at risk.. Trading conditions can change at any time without prior notice. Buying, holding or trading is a high risk activity that may incur significant losses over a short period of time

Market Sentiment

Elastic Development + Team

There are @research_team_dev_size developers coding the source behind Elastic There are no sales or marketing staff on the team which could impede the coin's growth.

Elastic doesn't publish bios or social profiles of their team members, making it harder to understand who is behind the project.

The team is not active on the social media channels, which can be a troubling sign. Their blog is not regularly updated, making it hard to track progress on their work

.

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