Elastic Price Today XEL Price Chart & Market Cap

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Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of XEL. The market capitalization of Elastic can how to price nft change significantly in a short period of time. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices.

You can also create a paper wallet – learn here more about cryptocurrency wallets. You can choose the best crypto exchange (in US and worldwide) for your region and buy BTC there, then trade it for XEL on exchanges. Read here how you can quickly convert other coins to bitcoin and the other way around. The users, who in this case are similar to Miners, are now trying to solve the buyer’s problem and offer solutions in exchange for a certain amount of coins. Instead of using a central point of authority, XEL uses blockchain technology to form the consensus, and uses a special consensus-based protocol for work distribution, verification, and collection. The execution and monitoring of arbitrary computational tasks is available via the user’s interaction with the software components.

  • The table above shows the number of days which Elastic closed above a certain price level.
  • Each component provides a user friendly interface, enabling a straightforward, streamlined journey for the user.
  • The so-called miners are then motivated to offer their computational resources in exchange for a portion of those ELC coins.
  • The market capitalization of Elastic can change significantly in a short period of time.

As the name suggests, a moving average provides the average closing price for XEL over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for XEL is a sum of XEL’s closing prices over the last 12 days which is then divided by 12. This is achieved thanks to the proprietary ElasticPL stochastic oscillator settings for 1 hour chart (ePL) programming language. Elastic is a blockchain-based platform that allows for the creation and management of decentralized applications. Elastic provides a platform for developers to build, deploy, and manage applications on the blockchain. Elastic also offers a suite of tools that allow developers to debug and monitor their applications.

About Elastic

Lite Wallet is the core software in which the whole decentralized blockchain ledger runs, it is also an accounting system that records all the transactions. Besides its own dedicated blockchain, the Elastic platform uses the native XEL token. The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Elastic. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.

  • Just like with any other asset, the price action of Elastic is driven by supply and demand.
  • XEL offers the buyers a large cluster which contains CPUs and CPUs supplied by miners.
  • Cloud mining involves financial risks and may not be appropriate for all people.
  • Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.

Conversely, a drop below an important moving average is usually a sign of weakness in the XEL market. In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of Elastic investors’ sentiment, and is based primarily on Bitcoin-related market data. The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.

What is Elastic’s 14-day RSI and what does it indicate?

As an open-source project, Elastic serves as a decentralized computation infrastructure, and is powered by its own Proof-of-Work cryptocurrency, XEL. This network performs arbitrary tasks online, and allows users requiring computational resources to model problems utilizing the Elastic program language, known as Elastic PL. They can broadcast this across the network, with a specific number of XEL coins.

Elastic (XEL), Anyone have any information on this?

Elastic’s current circulating supply is 245.66M XEL out of max supply of 300.00M XEL. Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the XEL price. Currently, the Elastic Fear & Greed Index bboonline stands at 50, which means that investors’ sentiment is in the so-called Neutral zone. Currencies that are positively correlated with Elastic indicate that the movement of one has a statistically significant weight to lead the other in the same direction.

Read our Elastic guides, tutorials and learn how to get started with Elastic

Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish. Just like with any other asset, the price action of Elastic is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates.

What will the price of Elastic be next week?

The Elastic price prediction on CoinCodex is calculated using the historical Elastic price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Elastic prediction. Many cryptocurrency traders pay close attention to the markets when the current Elastic price crosses an important moving average like the 200-day SMA. Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition.

Currently, the RSI value is at 33.38, which indicates that the XEL market is in a neutral position. The team at CaptainAltcoin.com only recommends products and services that we would use ourselves and that we believe will provide value to our readers. If Coinbase doesn’t support your country, use Cex.io – read about Cex.io here – it is another safe place to buy bitcoins. Coinmama is also legit exchange for buying Bitcoins – click here to visit Coinmama. There are currently 86,740,810 Elastic Coins of a total of 100,000,000 in circulation. Elastic has a market capital equivalent to 37 million US$ with a daily trading volume of 22 million US$.

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.

The price of Elastic decreased by 0.00% in the last 1 year, while the coin’s 3-year performance is -63.61%. Elastic price is not correlated with the top 10 coins by market cap with a price of 0.000, excluding Tether (USDT) and not correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.000. It then sends them to the network, together with a corresponding amount of elastic coins. The Elastic Platform provides a market-based mechanism for users to sell or buy computing resources. As a specialist distributor, we aim to provide a fresh approach to the traditional business; allowing both our suppliers and customers to achieve their business objectives.