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- 1 The ELF crypto price surged 5.38% in the past 24 hours and was trading at $0.829 at press time.
- 2 The weekly ELF/USD chart showcases that the price is on a three week gaining streak.
Aelf is a blockchain platform which aims to provide a comprehensive solution for various business needs. It consists of a main-chain and multiple side chains that can run decentralized applications (DApps) independently and securely.
It also supports cross-chain communication and interoperability among side chains. It offers different governance models for different applications such as parliament, association and referendum.
It also has an incentive model that rewards the network participants and encourages self-development. Moreover, it provides a mature IDE for developers to create and deploy DApps easily.
Aelf Crypto Price Technical Analysis
Aelf crypto price is on a three week gaining streak, demonstrating a positive outlook. The price added over 80% to the market-cap in the past three weeks and was trading at $0.823 at press time.
The technical indicators imply a positive outlook above the 50-day and 200-day EMAs. Moreover, the RSI line shows a bullish crossover of the SMA line, highlighting a positive outlook.
Aelf Crypto Volume Analysis
The 24-hour trading volume was $57.36 Million with a 22.32% drop compared to yesterday. This live market cap is $589.869 Million and it ranks 92nd among the top cryptos. The volume-to-market cap ratio is 9.38%, highlighting mild volatility in the market.
According to our analysts, the price of the Aelf coin could reach up to $1.01 by the end of the year 2023. The pessimistic view of analysts is that it could fall to $0.6653.
Aelf Price Prediction 2024
As per the analysts, the most optimistic target for ELF cryptocurrency is $1.542, indicating an upside potential of 87.04% from the current market price (CMP). The average analyst price target is $1.349 by the end of 2024. However, the pessimistic view of analysts points at $1.1074.
Aelf Price Prediction 2025
The most optimistic analyst forecast for the Aelf token expects the price to reach a high of $2.335 with a potential gain of 175.72% from the CMP. The minimum forecasted price by the end of 2025 is $1.660.
Aelf Price Prediction 2026
The ELF Crypto price may reach a high of $2.875 if a positive trend prevails in the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $2.217 by 2026.
Aelf Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts estimates a price target of $3.506. The minimum price that Aelf may reach by 2027 is $2.674.
Aelf Price Prediction 2028
On an optimistic note, the ELF token price may advance to a high of $4.3302 in the next five years. The minimum price target that this token may achieve is $3.328.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
