Elastic XEL Price XEL to USD Price and Live Chart
Both, publishers of the task and the ones performing the task are not required to share their private information at any stage of the process. There is no need to trust third parties since the XEL platform handles the entire process in a trustless manor. As an open source project, XEL’s code base is always visible and available for peer review and contribution by the community, and any interested party. This multi-platform approach indicates a commitment to transparency and community engagement. However, the Elastic Project faces several issues that need to be acknowledged by potential investors.
The global crypto market cap has increased by more than 3% over the last day to $1.28 trillion, while Bitcoin’s dominance edged higher to 53.42%. The Crypto Fear and Greed Index, which measures the sentiment of crypto market participants, has improved to a greed level of 71, suggesting an increase in risk appetite. Elastic has been in development over a year and provides the infrastructure for a decentralized supercomputer that can carry out computationally heavy tasks over the Internet.
- Elastic has been in development over a year and provides the infrastructure for a decentralized supercomputer that can carry out computationally heavy tasks over the Internet.
- XEL offers a versatile and flexible system by enabling self programmable tasks instead of hardcoded use cases.
- The AI crypto sector and the Solana ecosystem are consistently mentioned as winning themes favored by experts for their strong momentum.
- The Elastic protocol automatically adjusts the token supply to maintain a target price, aiming for stability and predictability.
- The Crypto Fear and Greed Index, which measures the sentiment of crypto market participants, has improved to a greed level of 71, suggesting an increase in risk appetite.
Issues with the Elastic Project
- It is advisable to follow Elastic’s official social media accounts for the latest updates and community discussions.
- It is totally free, open source project, that is independent of commercial influences.
- This dedication to improvement ensures that Elastic remains at the forefront of technological advancements and meets the evolving needs of its users.
- To make more sense of this new asset class, crypto.new regularly highlights new cryptoassets to gauge whether or not they could potentially turn into profitable investments for its holders.
Bitcoin’s rally to $36,700 has been credited to the upcoming Bitcoin ETF approval window. In a recent note, Bloomberg’s senior ETF strategist James Seyffart updated that a brief window for the US Securities and Exchange Commission (SEC) to approve all 12 spot Bitcoin ETFs opens on Friday, November 9. A leading figure in Elastic’s team with the pseudonym Lannister left the project, which has led to inaccessibility of the project’s ICO funds and scam accusations on the BitcoinTalk Forum to increase. The ICO lasted from February 29, 2016, to August 19, 2016, and managed to raise around 710 BTC for the total supply of 100,000,000 XEL.
Cryptolinks
Elastic collects the computation power of the connected nodes and allocates it over the blockchain technology to self-coded tasks. The article will be further updated in case of additional information about Elastic. Given the nature of this project, which focuses on serving individuals, institutions and companies in need of increased computational power, this is not a cryptocurrency that screams mainstream adoption. This is something that would make any investor somewhat skeptical about whether the team can really pull this project off.
The infrastructure is powered by a cryptocurrency, called elastic (XEL), which allows individuals to buy and sell computational resources. Individuals or companies who require computational resources can model their problem using the elastic programming language and broadcast it to the Elastic network together with a certain amount of elastic coin. The total supply of elastic coin is 100 million, and no new coins can be mined or minted. The cryptocurrency started trading on exchanges on June 24, 2017, and can currently be bought and sold on Bittrex and using the Heat Wallet with the former processing the lion’s share of the currency’s $500,000+ daily trading volume. 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.
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 elastic (xel) therefore reacts more quickly to recent price action. Many cryptocurrency traders pay close attention to the markets when the current Elastic price crosses an important moving average like the 200-day SMA. If Elastic managed to establish itself in the very competitive supercomputer market, even as a smaller player, the profit potential would be very high. If the market welcomes a decentralized supercomputer with open arms, then Elastic could turn into a mega project, provided its team manages to deliver.
The AI crypto sector and the Solana ecosystem are consistently mentioned as winning themes favored by experts for their strong momentum. For those with a higher risk tolerance, meme coins like MOG and platforms such as Pump.fun are highlighted as a major source of wealth creation. It is totally free, open source project, that is independent of commercial influences. GameSquare Holdings (GSQHoldings), a NASDAQ-listed company, has announced a strategic partnership with rekt and will add $2 million of $REKT to its digital asset treasury. This marks the first public company to include $REKT in its treasury, potentially signaling increased institutional adoption for the digital asset.