ELAUSD AnalysisComparing very similar structures, one very early in prices history and one that has just formed
I believe this is an indicator for another bull run up, as seen from the first formation
I expect the run to be a lot larger as the formation is massive compared to the initial one
Comparable points labelled (1,2,3)
Elastospriceprediction
Descending Scallop ComparisonElastos can be seen to be in the early stages of nearing a reversal point with this recent bounce off the descending scallop trendline
While populous can be seen, engaged in a reversal at the current moment
Descending scallops often are very slow to come to fruition and is a common trend among many altcoins
Heres two
Will Elastos Price Surge to $5 or Fall to $2?
Elastos needs to make computerized resources uncommon, recognizable and debatable. Property rights open the entryway to riches creation and Elastos plans to make another World Wide Web that regards these rights.
In an ongoing declaration, Elastos referenced the consummation of its Delegated Proof-of-Stake (DPoS) segment, which will go live after the network casting a ballot procedure. The democratic and usage procedure has been isolated into 6 stages, dates are not yet discharged by the organization yet it is normal constantly quarter of 2019.
As noted not long ago, the dispatch of DPoS will speak to the culmination of its half and half accord calculation, which is a crossover of helper work confirmation and designated verification (AuxDPW X DPoS).
News Source: TheCoinRepublic
Elastos (ELA) Price Prediction : Will ELA/USD Price Surge to $5
The whole Cryptocurrency market is blood shedding following the Tether and Bitfinex saga, Bitcoin and other prominent altcoins endured a loss of as much as $10 billion. While Elastos is currently trading up by 4.10 percent.
Elastos using blockchain technology to issue digital content identifiers, which will help identify who owns which digital assets. The combination of Elastos and blockchain technology lays the foundation for a trusted and secure Internet of wealth. Elastos will be a platform for decentralized applications (Dapps) running on a peer-to-peer network without centralized control. It will create an all-new Internet interface, it’s VM will increase security, processing power, fixing flaws in general Internet protocols, allowing devices to operate in C rather than java.
Elastos wants to make digital assets rare, identifiable and negotiable. Property rights open the door to wealth creation and Elastos intends to create a new World Wide Web that respects these rights.
In a recent announcement, Elastos mentioned the completion of its Delegated Proof-of-Stake (DPoS) component, which will go live after the community voting process. The voting and implementation process has been divided into 6 phases, dates are not yet released by the company but it is expected by the second quarter of 2019.
As noted earlier this week, the launch of DPoS will represent the completion of its hybrid consensus algorithm, which is a hybrid of auxiliary work proof and delegated proof (AuxDPW X DPoS).
Price prediction for Elastos
With the current market scenario, much change in the price of ELA is not expected. However, the Cryptocurrency market is highly volatile and unpredictable, the price prediction will purely a gamble and a chance than a guestimate based on data.
Let’s take a look at the publications and eminent personalities and their predictions regarding the Elastos Prize (ELA), which will give us another perspective to consider:
Cryptoground
The algorithm at cryptoground.com sees a strong price increase on the horizon for Elastos: the forecast for the month of December this year is $ 19, which would represent nearly 10 times the current price.
WalletInvestor
As we are used to, Walletinvestor’s forecasts are rather skeptical, as they see ELA fall below the $ 2 mark, to about $ 1.3 in December.
DigitalCoinPrice
This automated software has a moderately optimistic algorithm that makes ELA earn $ 5 by the end of the year.
