ELA (Elastos)
Elastos is building a new internet where all communication of data is peer-to-peer, all storage of data is decentralized, and all ownership of data is verifiable with blockchain immutability and smart contract capability. This is the platform for a Modern Internet: a fully interoperable infrastructure designed for decentralized applications, backed by the hashpower of BTC, and fully capable of utilizing smart contracts. This technological breakthrough provides the first completely safe environment on the web where decentralized applications are detached from the internet while also permitting full scalability to billions of users. Elastos enables the generation of wealth through ownership and exchange of your data and digital assets. Welcome to the new Smart Web, where safety and economic distribution can flourish on the internet.
1. Basic Info
| Symbol | ELA |
| Name | Elastos |
| Web Site | https://www.elastos.org/en/ |
| Wallet | -- |
| Source | -- |
| Explorer | https://blockchain.elastos.org/ |
| Forum | -- |
| Mining | |
| Supply | 28219999 |
| Available Supply | 22445700 |
| Market Cap | 62443937.4 |
| White Paper | -- |
| Is ICO | None |
| Raised Funds | - |
| Distribution | - |
| Algorithm | -- |
| Proof | -- |
| Total | 28219999 |
| Release Date | 2018-02-01 |
2. Technical
2.1 Kline Price Chart
2.2 Technical Analysis
The analysis reveals a highly volatile period with significant price fluctuations. From December 9th to December 12th a strong upward trend is evident culminating in a peak at 2.965 followed by a subsequent drop. The price then experienced a consolidation phase with relatively smaller price swings. Around December 27th and 28th, a period of low activity and price range contraction is observed. The end of December witnessed a sharp increase in both price and volume indicative of significant market activity. The price experienced multiple strong up and down moves suggesting instability and high trading interest. January started with some price corrections. A significant upward spike with high volume occurred on January 3rd signaling a potential shift in market sentiment. This is then followed by some corrections, showing some resistance around 2.9-3.00.The final two days of trading, January 6th and 7th, indicate further consolidation and a weakening upward momentum. Overall the data indicates an initial phase of volatility, followed by a period of consolidation, a burst of activity near year end and then an uncertain direction as it moves into January.
