Concept: Elastic is a decentralised supercomputer, similar to the Golem Network except it is programmed to work on anything due to the Elastic Programming Language. Simply provide a problem and a way to verify solutions, and you will get solutions for a cost.
To me, I believe Elastic could be the next boom in crypto. For a few reasons:
On the graph, Elastic looks (in my opinion) pretty good. Breaking the green resistance line will allow Elastic to hit its previous ATH of ~$0.60. After that, it will find support at the 0.786 fib level, finding additional support at the 0.5 fib level. It also has strong resistance currently at that same fib level and the levels below it.
To me, Elastic could very well be current hidden gold. Golem is a project that is valued roughly the same but has, currently, far less of a use case (current proof of concept only allows for CGI rendering). Elastic has a full-featured platform as it stands, and proof of concepts for things such as finding prime numbers already exist. Someone even created a use case for mining Bitcoin on the Elastic supercomputer! (although it was very painfully expensive).
Elastic is a great example of a project that will see real usage once it starts to blossom: I can primarily see it being used in STEM fields where ML/statistical models can be created & tested for a low cost with no specialist equipment, decreasing research costs drastically.
If Elastic can get some solid marketing in place and provide a better proof of concept, I truly believe that we'll see the coin in the $1-$2 range in no time. Until then, unless a significant jump occurs, we'll be seeing Elastic bump around the two lines making some very nice ascending triangles. I myself will be slowly accumulating a number of Elastic for the future.
Like my ideas? I post cooler stuff on my Discord: discord.gg/V7rMHBs
To me, I believe Elastic could be the next boom in crypto. For a few reasons:
- Low market cap - currently, XEL has a market cap of around $47 million. Its direct competitor, Golem, has 10x the market cap... and 10x the circulating coins. Fundamentally, Golem and Elastic are valued at the same, just Golem has, well, more.
- New website coming soon - not necessarily a big announcement, but something to pay attention to. Cryptocurrencies run entirely on the Internet, so your website is the forefront of your coin.
- High volume - Elastic historically has had low volume (~$200k), recently the volume has multiplied by a magnitude of 10 - and it looks like it's staying that way
On the graph, Elastic looks (in my opinion) pretty good. Breaking the green resistance line will allow Elastic to hit its previous ATH of ~$0.60. After that, it will find support at the 0.786 fib level, finding additional support at the 0.5 fib level. It also has strong resistance currently at that same fib level and the levels below it.
To me, Elastic could very well be current hidden gold. Golem is a project that is valued roughly the same but has, currently, far less of a use case (current proof of concept only allows for CGI rendering). Elastic has a full-featured platform as it stands, and proof of concepts for things such as finding prime numbers already exist. Someone even created a use case for mining Bitcoin on the Elastic supercomputer! (although it was very painfully expensive).
Elastic is a great example of a project that will see real usage once it starts to blossom: I can primarily see it being used in STEM fields where ML/statistical models can be created & tested for a low cost with no specialist equipment, decreasing research costs drastically.
If Elastic can get some solid marketing in place and provide a better proof of concept, I truly believe that we'll see the coin in the $1-$2 range in no time. Until then, unless a significant jump occurs, we'll be seeing Elastic bump around the two lines making some very nice ascending triangles. I myself will be slowly accumulating a number of Elastic for the future.
Like my ideas? I post cooler stuff on my Discord: discord.gg/V7rMHBs