Elastic (XEL) Live Price Chart & History

Price USD 6.79%
$0.158414
Price BTC
0.00002140
Volatility (7d)
@volatility_7d %
Volatility (30d)
@volatility_30d %
Market Cap USD
$14.5M
Market Share
Live XEL / USD Price Chart

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Since launching at $0.778723 on 24/06/2017 Elastic has achieved a price of $0.158414, rising 19.82% 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.

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 19.82%
  • In the past month it has lost -6.2230276796308%
  • In total it has fallen in value by $-0.620309 since its inception, a change of 20.34%

Can Elastic reach, replace, pass or overtake bitcoin?

At present Elastic is trading at 0.00002140 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 4,672,897.2%. If we assume Elastic continued to as it has in the last month - with a price change of -6.22% it would take -14.861473317442 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 $0.20 it needs to increase in price by a factor of 1.26x. Given its present growth rate of -6.22% per month, it could take just 1.2 months to hit a price target of $0.2 USD

What is the probability of hitting $0.20 over time?

Time periodChance final price > $0.2Chance final price < $0.2
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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 $0.25 it needs to increase in price by a factor of 1.58x. Given its present growth rate of -6.22% per month, it could take just 2.3 months to hit a price target of $0.25 USD

What is the probability of hitting $0.25 over time?

Time periodChance final price > $0.25Chance final price < $0.25
1 week0%100%
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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 $0.50 it needs to increase in price by a factor of 3.16x. Given its present growth rate of -6.22% per month, it could take just 5.7 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
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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 6.31x. Given its present growth rate of -6.22% per month, it could take just 9.1 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
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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 31.56x. Given its present growth rate of -6.22% per month, it could take just 1.4 years 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
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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 63.13x. Given its present growth rate of -6.22% per month, it could take just 1.7 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%
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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 94.69x. Given its present growth rate of -6.22% per month, it could take just 1.9 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%
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6 months0%100%
1 year0%100%
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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 157.81x. Given its present growth rate of -6.22% per month, it could take just 2.1 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%100%
6 months0%100%
1 year0%100%
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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 315.63x. Given its present growth rate of -6.22% per month, it could take just 2.4 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%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
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

How popular is Elastic? Interest Over Time

Where is Elastic most popular?

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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