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Here’s Why the Elastos (ELA) Price is Skyrocketing
2023/12/22By:
Keypoints:
- Over the last three days, the price of elastos has skyrocketed.
- A short time ago, the token was worth $1; now, it’s worth more than $7.
- Staking demand was on the rise after Crypto.com listed it.
The price of Elastos (ELA) has risen this week, making it one of the most successful cryptocurrency currencies. In three consecutive days, the token’s value has increased, and it has now reached a new all-time high of $7.50. When put in context with its $1 price point a week ago, this surge is truly extraordinary. With the token’s price increase, its market worth soared beyond $119 million.
![Elastos price](https://invezz.com/wp-content/uploads/2023/12/image-138-1024x570.png)
The persistent need for applications that integrate Bitcoin smart contracts has driven up the price of Elastos. The Bitcoin ecosystem’s layer-2 network, Bel2, is owned by Elastos. The end goal is to have a whole Bitcoin community.
Quite a few projects that are comparable to this one have been successful recently. The value of Stacks (STX), a Bitcoin smart contract layer, has lately increased by more than 100%. In a similar vein, Internet Computer has seen a weekly increase of double digits.
The most significant development is the ORDI token price spike, which has increased Bitcoin Ordinals’ market worth to above $1.3 billion. Sales of Bitcoin Ordinals have skyrocketed in recent months, reaching over $1 billion.
Reducing transaction fees, increasing network activity, introducing staking, and simplifying the process of monetizing personal content and data are all outcomes of a Bitcoin layer-2 solution, such as Elastos. Real World Assets (RWA) movement will also be made easier. For further information, please refer to this page.
Due of the increasing volume of ELA stakes, the price of Elastos has also skyrocketed. According to StakingRewards’ data, ELA now has a staking ratio of 25% and a market cap of more over $25.69 million. The volume has increased to more than $43 million each day.
Another factor contributing to the ELA token price explosion is its listing on Crypto.com, a global leader in cryptocurrency exchanges. The listing of a cryptocurrency on a major exchange usually results in a price increase.
The crypto industry’s new “Fear of Missing Out” (FOMO) mentality is likely contributing to Elastos token’s meteoric rise. The majority of cryptocurrency tokens have maintained their upward trend over the past several weeks, according to most dashboards.
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Why Trade Crypto Futures on BTCC
To trade Crypto futures, you can choose BTCC crypto exchange.BTCC, a cryptocurrency exchange , was founded in June 2011 with the goal of making crypto trading reliable and accessible to everyone. Over 11 years of providing crypto futures trading services. 0 security incidents. Market-leading liquidity.
Traders may opt to trade on BTCC for a variety of reasons:
- Security:safe and secure operating history of 11 years. Safeguarding users’ assets with multi-risk management through the ups and downs of many market cycles
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How to Trade Crypto Futures on BTCC ?
To trade Crypto Futures on BTCC, follow these simple steps:
- Create an account
Go to the BTCC website and fill out the registration form with the necessary details. Finish the checks to make sure you’re in line with the stock exchange’s rules.
- Deposit funds
Fund your BTCC wallet once your account has been created and verified. You can fund your BTCC account with a number of different cryptocurrencies and fiat currencies.
- Navigate to the crypto trading section
You can begin trading on the BTCC platform as soon as your account has been funded. Find the crypto exchange rate, which is written as crypto/Bitcoin (BTC) or crypto/US Dollar (USDT) depending on the other pairs available.s.
- Choose your trading type
Both spot trading and futures trading are available through BTCC. If you want to purchase or sell crypto tokens at the current market price, you may want to investigate spot trading. If you’d rather trade crypto with leverage and speculate on its price movements, you can do so with crypto Futures.
- Place your trade
After deciding which type of deal you want to make, you can enter the amount of crypto you like to buy or sell, as well as your preferred price (if necessary). If everything checks out, go ahead and make the deal.
- Monitor and manage your trades
Be sure to monitor your crypto holdings on the BTCC exchange. To limit losses and protect gains, you can use stop-loss and take-profit orders. It is also important to keep up with the latest crypto market trends and news if you want to successfully trade this cryptocurrency.
Before becoming involved in any kind of trading, make sure you’ve done your homework. Due to the extreme volatility of the cryptocurrency markets, it is crucial to have a well-defined trading strategy and risk management framework in place. To successfully trade crypto on the BTCC market and take advantage of the chances it provides, follow these procedures and keep yourself updated.
Look More:How to Deposit Crypto on BTCC?
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How to Trade Tether (USDT) on BTCC
- Mobile App
-
- 1. Download the BTCC App via App Store or Google Play
- 2. Register and verify your account, or log in to your BTCC account.
- 3. Tap ‘Buy Crypto’.
- *Please note that only verified users are eligible to buy crypto on BTCC.
- 4. Enter the amount you would like to buy in USDT.
- 5. Select a service provider and proceed to payment.
BTCC Bonus
BTCC bonuses apply to different categories of users. Every new user gets a 10 USDT coupon after completing their registration. You will also get an additional 20 USDT coupon on completing your KYC verification.
- Bonus On First Deposit And Trade
You will get a bonus worth 10 USDT when you deposit 200 USDT and above within 7 days of opening an account. The reward includes a 5 trading fund and a 5 USDT coupon.
If the deposit is 500 USDT and above, you will get a 20-trading fund. Furthermore, if you make a cumulative deposit of 2000 USDT within 30 days of opening an account, you will get a 30 USDT trading fund. Trading within 7 days of signing up will also earn you a 20 USDT coupon.
- BTCC Futures Trading Bonus
You can earn bonuses from trading futures on BTCC within a stipulated time.
- A cumulative future trade of 200,000 USDT and above will earn you a 10 USDT trading fund and a 200 USDT coupon.
- A cumulative future trade of 500,000 USDT and above will earn you a 20 USDT trading fund and a 300 USDT coupon.
- A cumulative future trade of 1 million and above will earn you a 50 USDT trading fund and a 500 USDT coupon.
- A cumulative future trade of 5 million USDT and above will earn you a 125 USDT trading fund and a 1000 USDT coupon.
- A cumulative future trade of 10 million USDT and above will earn you a 250 USDT trading fund and a 2000 USDT coupon.
- A cumulative future trade of 20 million USDT and above will earn you a 500 USDT trading fund and a 5000 USDT coupon.
- Other Bonus
Invite a friend to BTCC to get a 25% rebate on their trading fees. You can get up to 530 USDT in rewards per referral.
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BTCC FAQs
1.Is BTCC safe?
Since its inception in 2011, BTCC has made it a priority to create a secure space for all of its visitors. Measures consist of things like a robust verification process, two-factor authentication, etc. It is considered one of the most secure markets to buy and sell cryptocurrencies and other digital assets.
2.Is it possible for me to invest in BTCC?
Users are encouraged to check if the exchange delivers to their area. Investors in BTCC must be able to deal in US dollars.
3.Can I Trade BTCC in the U.S?
Yes, US-based investors can begin trading on BTCC and access the thriving crypto asset secondary market to buy, sell, and trade cryptocurrencies.
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