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Elastos

ELA

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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.

Elastos (ELA) is a distinctive platform that aims to establish a blockchain-powered version of the internet. It is designed to address the limitations of Ethereum and other DApp platforms, particularly in terms of scalability and flexibility. Elastos provides a platform for decentralized applications (DApps) that is optimized for mobile and compatible with every operating system. The platform's Smart Web feature is designed to protect users from malware and other digital threats, ensuring data security. Elastos also allows users to have full ownership over their digital assets, eliminating the need to access the internet to run DApps.

Elastos operates on four pillars: blockchain, runtime, carrier, and software development kit (SDK). The blockchain separates app functionality between the main chain and side chains for each individual application. The runtime allows DApps to run outside of the Elastos operating system. The carrier is a peer-to-peer decentralized internet service where users can rent out their computational power and storage to others. The SDK connects applications to the Smart Web, benefiting non-Elastos applications. All communication on the Elastos network is encrypted and authorized by blockchain IDs, ensuring secure and private data processing.

Elastos offers a wide range of potential use cases. It can be used to create a new kind of internet, where digital assets are scarce, identifiable, and tradable. This can pave the way for a new kind of digital space. For instance, authors can decide to have a limited number of their digital books in circulation on the Smart Web, creating scarcity and enabling unique digital ownership. Filmmakers can raise funds for their movies by issuing their tokens and writing smart contracts that share a portion of the viewing fee with token holders. Elastos also enables consumers to participate in the digital economy, allowing them to sell limited edition game apps or digital books to others, depending on market demand.

Elastos was conceived in 2000 by Rong Chen, a former senior software engineer at Microsoft. He envisioned an operating system designed for the entire web. However, it was not until 2017, with the emergence of blockchain technology, that his vision was fully realized. Rong, along with co-founder Feng Han, incorporated blockchain into Elastos to complete his vision. The Elastos Foundation was established, and the development of the Elastos platform began. Since then, Elastos has been engaging with new and existing DApp projects through its Cyber Republic initiative. The platform has received support from organizations such as the Tsinghua Science Park, the TD-SCDMA Industrial Alliance, and the Foxconn Group.

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Market

Market stats

Market cap

$42.5M

Volume (24h)

$2.1M

Circulating supply

22.3M ELA

Typical hold time

4 days

Popularity

#631

All time high

$93.96

Market performance

Price change (1h)

-0.42%

Price change (1d)

+1.37%

Price change (1w)

+4.24%

Price change (2w)

+2.24%

Price change (1m)

+0.59%

Price change (1y)

+75.92%

Market benchmarks

Performance (1Y)

+65.43%

Vs. Market (1Y)

-24.01%

Vs. BTC (1Y)

-36.14%

Vs. ETH (1Y)

+2.65%

Social

Some highlights about Elastos on social media

226 unique individuals are talking about Elastos and it is ranked #802 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 28.79% of tweets with bullish sentiment compared to 24.24% of tweets with a bearish sentiment about Elastos. 46.97% of tweets were neutral about Elastos. These sentiments are based on 66 tweets.

On Reddit, Elastos was mentioned in 136 Reddit posts and there were 246 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

226 people

Posts

42 posts

Dominance

0.02%

Volume rank

#802

Average Sentiment

3 out of 5

Twitter

Reddit

Posts

136

Comments

246

Post Score

265

Comment Score

284

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 decreased by 0.42% in the last hour and increased by 1.37% in the past 24 hours. Elastos’s price has also risen by 4.24% in the past week. The current price is $1.89 per ELA with a 24-hour trading volume of $2.11M. Currently, Elastos is valued at 97.99% below its all time high of $93.96. This all-time high was the highest price paid for Elastos since its launch.

The current circulating supply of Elastos is 22,337,809 ELA which means that Elastos has as total market cap of 22,337,809.

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 $42.51M. 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 $2.11M.

What other assets are similar to Elastos?

Assets that have a similar market cap to Elastos include Phala Network, Sun [New], Delysium, 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 22 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 4 days.

What is the relative popularity of Elastos?

Elastos ranks 246 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.