Cryptocurrencies

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What is the highest and lowest price in Elastos (ELA) coin history?

Elastos' (ELA) price has fluctuated over the years, reaching a high of $125.35 in January 2018 and a low of $2.70 in December 2019.

Jan 03, 2025 at 05:14 pm

Key Points:

Understanding Elastos (ELA) Coin
Tracing the Journey of ELA's Price History
Determining the Highest and Lowest Price Points

What is Elastos (ELA) Coin?

Elastos is a pioneering blockchain platform that empowers developers to create decentralized applications (dApps) with ease. The ELA coin, its native cryptocurrency, serves as fuel for the Elastos ecosystem, facilitating transactions, smart contract execution, and network governance.

Tracing the Journey of ELA's Price History

The price history of ELA is a reflection of its adoption, market sentiment, and technological development within the cryptocurrency industry. Let's explore its peaks and troughs:

1. Early Days and ICO Hype (2017-2018)

Initial Coin Offering (ICO): ELA was introduced through an ICO in 2017, raising approximately $22.9 million.
Initial Price Surges: Following the ICO, ELA's price experienced a significant increase, reaching a high of $125.35 in January 2018.

2. Market Correction and Bear Market (2018-2019)

Cryptocurrency Crash: The crypto market experienced a sharp downturn in late 2018, leading to a decline in ELA's price.
Extended Bear Market: ELA's price continued to trend downward throughout 2019, reaching a low of $2.70 in December 2019.

3. Recovery and Growth (2020-2021)

Bitcoin's Bull Run: The rise of Bitcoin in 2020 had a positive impact on ELA's price.
Launch of Elastos Smart Web: The development and launch of Elastos Smart Web boosted confidence in ELA.
Price Rebound: ELA's price began to recover, reaching a high of $75.25 in April 2021.

4. Market Volatility and Recent Trends (2022-Present)

Market Instability: ELA's price has been subject to market volatility, influenced by broader crypto market sentiment and global events.
Sustained Recovery: Despite market fluctuations, ELA's price has gradually recovered from the 2022 downturn.
Current Price Range: As of [insert date], ELA is trading within a range of $20 to $30.

Determining the Highest and Lowest Price Points

Highest Price: The highest price recorded for ELA is $125.35, reached on January 11, 2018, shortly after its ICO.
Lowest Price: The lowest price recorded for ELA is $2.70, reached on December 31, 2019, during the extended bear market.

Frequently Asked Questions (FAQs):

Q: What factors influence ELA's price?

A: Market sentiment, technological developments on the Elastos platform, and broader cryptocurrency market trends are key factors affecting ELA's price.

Q: What is the future outlook for ELA's price?

A: The future price of ELA is subject to market speculation and is influenced by ongoing developments within the Elastos ecosystem, industry adoption, and overall economic conditions.

Q: Where can I buy and sell ELA?

A: ELA can be traded on various cryptocurrency exchanges, including Huobi, Binance, and Gate.io.

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