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Crypto analysts are eyeing a bull run in the price of Aelf. Thanks to the coin’s strong technical and fundamentals, experts are expecting a huge jump to $10.
The price charts of Aelf are continuously moving upwards. While reacting to the market conditions, Aelf got into a slight downward trend last week, but the coin is quickly recovering now. Since the last week, Aelf has been on an upward trend, gaining over 19%. In the past 24 hours, Aelf has been up by 1.29%, which is a green flag for the investors.
A Sneak Peek into the Aelf Project
Aelf is the latest cryptocurrency project that works on three pillars: innovation, scalability, and security. This project blends the capabilities of AI and blockchain to fuel the development of Web3 applications. It offers developers AI-powered tools to develop decentralized applications effortlessly. The team behind Aelf is focused on the creation and use of side chains and the development of a unique and innovative governance system.
Current fully diluted valuation of the Elf network is around $385,631,558, with 730,434,353 coins in circulation. The market capitalization is slowly increasing, making its way to $282,682,632. The trading volume has also risen to $21,309,733 in the last 24 hours, showing a solid growth of 21.10% from one day ago, signaling a rise in market activity.
Alef Price Analysis: The current price of Elf
As of 12 November 2024, Elf is trading around $0.3866 with an increase of 1.29% in the last 24 hours. The technical charts of the coin reveal its smooth reversal patterns from its major support point. According to the experts, there is a 95% possibility of Elf entering the bull run.
Analysts predict a bull run till $10
All eyes are on Aelf as it’s swinging around its major support zone. Since the last few months, the ai based crypto coin has been showing positive moves, and the experts are more bullish on Elf.
John Morgan, a crypto enthusiast with 30K+ followers, revealed his positive expectations on the upward trend of Elf coin. According to analysts, Elf is expected to move exponentially in 2024. The coin is expected to trade around $0.390 in 2024, setting the pace for a bull run in 2025.
According to the crypto analysts on X, Elf can easily enter the $10 club with an increase of 2324% in the upcoming days. While such big moves may take some time, considering the current market conditions, the future looks bright for the token.
Future of Elf
At the beginning of 2024, the investors were pretty bullish on Elf, predicting the price of $0.492. However, after a bunch of hiccups, Elf is swinging around $0.3866, even though investors are expecting a rush to $0.6061 by the end of this year.
The expectation for the first quarter of 2025 is around $0.6215, offering a return on investment of nearly 55%. By the end of 2025, experts are eyeing a growth of Elf till the $1 mark, showing an incredible return of 106%.
Speaking for long-term predictions, experts are super bullish about Elf. The coin is expected to touch $3 in the upcoming years, unwrapping a solid growth of 240%. As Elf rises up from the support zone and crosses its resistance of $0.567, the price will skyrocket to set new highs.
Elf Coin Price Analysis: Is It Worth Investing?
Elf coin price bottomed at $0.03546 in March 2020, and since then it has followed an upward trend. With an average return of 989.76% in the last four years, the price has quickly escaped the all-time low mark. The all-time high of Elf is $2.60, which was recorded in 2018.
With $Elf making the triangle pattern, the next logical target of the coin sits around $0.3760. If the coin manages to break this level of resistance, the price can move up to $0.5674 with a bull run offering an ROI of almost 70%. The next target of Elf will be around $0.7427.
However, if the price drops below Elf’s major support level, which is $0.3, all predictions will be invalid. The coin may then enter a bear run, maintaining the price for a good amount of time. However, considering it’s a young project with lots of potential, the bull view seems fair. To understand ELF Future in detail check out Alef Price Prediction
Frequently Asked Questions (FAQs)
Elf is a project with a lot of potential. That's why experts are eyeing a jump to $10, unlocking a solid growth of 2324%. Although it will take a bit more time, the credibility of the project will eventually push it to this mark.
After the current boom in Bitcoin price, Elf has also grabbed the eyeballs. The project is getting major investments from investors who trust its potential. Moreover, recently Elf has entered an upward trend, boosting the confidence of investors.
Some of the solid competitors or alternatives to the Elf network are ZenGo, Ethos.io, Bitski, and so on.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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