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Elastos

ELA

4.3

Price
$1.45
10/2/2022, 1:26:19 AM
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Market

Market stats

Market cap

$30.0M

Volume (24h)

$578,436.17

Circulating supply

20.3M ELA

Typical hold time

1 day

Popularity

#161

All time high

$93.96

Price change (1h)

-1.96%

Price change (24h)

-2.17%

Price change (7d)

+2.19%

Trading activity

0% Buy0% Buy
100% Sell100% Sell

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Elastos is on the rise this week.

The price of Elastos has risen by 2.19% in the past 7 days. The price declined by 2.17% in the last 24 hours. In just the past hour, the price shrunk by 1.96%. The current price is $1.449 per ELA. Elastos is 98.46% below the all time high of $93.96.

The current circulating supply is 20,346,868.213 ELA.

About

ELA is an Ethereum token for the Elastos ecosystem, a blockchain-powered Internet in which you have complete control of your digital assets. It can be used for any activity on the system such as investing in digital assets, trading, or paying fees.

What Is Elastos (ELA)?

Elastos (ELA) is the native cryptocurrency or token of the Elastos blockchain. Elastos blockchain is utilized for the purpose of exchanging digital goods across the entire ecosystem. ELA is utilized to process peer-to-peer payments, execute smart contracts, and store information on the decentralized chain. Even though Elastos is merged-mined with Bitcoin, ELA is not dependent on the Bitcoin blockchain. (Merge mining refers to the procedure of mining two or more blockchains at the same time.) 

The Elastos token is effectively functioning upon the Elastos main chain. Elastos is of its kind an open-source solutions provider that employs blockchain technology along with a peer-to-peer communication network, a decentralized ID system, and decentralized data storage services for all digital assets and users. A decentralized ID system is any system where the credentials for verification are not controlled or stored by any central authority. At the same time, decentralized storage services refer to the cloud storage systems on which data is distributed and stored inside different nodes of the peer-to-peer network (P2P). (P2P network refers to the sharing of data, assets, or information without any central authority.)

As mentioned in the white paper, the Elastos token (ELA) can also be defined as an intrinsic digital currency that functions on the Elastos blockchain. Elastos aims to develop a new and unique internet or network supported with blockchain technology. On that new platform, people can own digital assets and trade them for generating revenue. Elastos can also be understood as a platform for decentralized applications (Dapps) that operate on a peer-to-peer network without any centralized control. Users can easily access these Dapps via their mobile devices without making any changes in the operating system. Elastos has introduced more than 10 million source codes, comprising 4 million lines of source code. 

History of Elastos (ELA)

The entire project of Elastos was introduced in the year 2000 by the founder Rong Chen, who worked on operating systems at Microsoft Research. He introduced Elastos after returning to China to develop his vision. 

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Social

Elastos on social media.

Elastos was mentioned in 247 out of 1,810,058 social media posts on Twitter and Reddit on Sep 30, 2022. 553 unique individuals are talking about Elastos and it is ranked #260 in most mentions and activity from collected posts.

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Key indicators

Contributors

553 people

Posts

247 posts

Dominance

0.01%

Volume rank

#260

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FAQ

What is the current price of Elastos?

The price of 1 Elastos currently costs $1.45.

What is the market cap of Elastos?

The current market cap of Elastos is $29.99M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Elastos?

The all-time high of Elastos is $93.96. This all-time high is highest price paid for Elastos since it was launched.

What is the 24 hour trading volume of Elastos?

Over the last 24 hours, the trading volume of Elastos is $578.44K.

What other assets are similar to Elastos?

Assets that have a similar market cap to Elastos include Refereum, Bitcoin Diamond, Moss Coin, and many others. To see a full list, see our comparable market cap assets.

How many Elastos are there?

The current circulating supply of Elastos is 20 million.

What is the typical holding time of Elastos?

The median time that Coinbase customers hold Elastos before selling it or sending it to another account or address is 1 days.

What is the relative popularity of Elastos?

Elastos ranks 209 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

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