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:
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.
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.
This automated software has a moderately optimistic algorithm that makes ELA earn $ 5 by the end of the year.