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Elastos

ELA

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Market

Market stats

Market cap

$24.7M

Volume (24h)

$339,015.83

Circulating supply

20.3M ELA

Typical hold time

3 days

Popularity

#631

All time high

$93.96

Price change (1h)

-0.56%

Price change (24h)

-3.44%

Price change (7d)

+6.38%

About Elastos

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. 

News

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CoinDesk • Nov 30, 23

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Synthetix Blog • Nov 29, 23

SNXweave Weekly Recap 117

November 29, 2023The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors, as well as the Grants Council and Ambassador Council from last week.👉TLDRSIP-337: Perps V3 presentation recapSIP-348: Enable USDC for Andromeda on Base pre...

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CoinDesk • Nov 29, 23

Grayscale Gears Up for Spot Bitcoin ETF, Updating Trust Agreement for Sake of ‘Operational Efficiencies’

The changes involve the fee structure, and how assets can be custodies for smoother share creation and redemptions

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Related Assets

Social

Some highlights about Elastos on social media

15 unique individuals are talking about Elastos and it is ranked #1,223 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Elastos has an average sentiment score of 3 out of 5. Finally, Elastos is becoming more newsworthy, with 0 news articles published about Elastos. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Elastos. There were 37.5% of tweets with bullish sentiment compared to 16.67% of tweets with a bearish sentiment about Elastos. 45.83% of tweets were neutral about Elastos. These sentiments are based on 24 tweets.

On Reddit, Elastos was mentioned in 0 Reddit posts and there were 0 comments about Elastos. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

15 people

Posts

13 posts

Dominance

0%

Volume rank

#1,223

Average Sentiment

3 out of 5

Twitter

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Elastos is on the rise this week.

The price of Elastos has risen by 6.38% in the past 7 days. The price declined by 3.44% in the last 24 hours. In just the past hour, the price shrunk by 0.56%. The current price is $1.22 per ELA. Elastos is 98.71% below the all time high of $93.96.

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

FAQ

What is the current price of Elastos?

We update our Elastos to USD currency in real-time. Get the live price of Elastos on Coinbase.

What is the market cap of Elastos?

The current market cap of Elastos is $24.72M. 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 $339.02K.

What other assets are similar to Elastos?

Assets that have a similar market cap to Elastos include Aurory, Onyxcoin, Akropolis, 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 3 days.

What is the relative popularity of Elastos?

Elastos ranks 241 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Elastos?

Currently, 67% of Coinbase users are buying Elastos. In other words, 67% of Coinbase customers have increased their net position in Elastos over the past 24 hours through trading.

Can I buy Elastos on Coinbase?

Yes, Elastos is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Elastos guide.

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Navigate the world of Ethereum Name Service (ENS) profiles. Connect, learn, and engage with the web3 community on profile.coinbase.com. Check out some of the most popular ENS profiles below.