aelf (ELF) Price Prediction 2023-2030: Will ELF Price Hit $1 Soon?

• Bullish ELF price prediction ranges from $0.588 to $0.608.
• ELF price might also reach $0.49 this 2023.
• ELF’s bearish market price prediction for 2023 is $0.098.

What is aelf (ELF)?

With the aim of creating a new blockchain world and offering business solutions, aelf claims to be the one-stop solution for Web3 Dapps, built upon a “cloud-native, high-performance, next-gen blockchain system.” Moreover, aelf boasts that its ecosystem is secure, fast, smooth, and cost-efficient manner. 

As a layer-1 blockchain network, its Mainnet nodes run on different cloud-computing data centers. aelf offers many infrastructures and developer tools such as extension wallet, app wallet, blockchain explorer, Multi-language SDKs, aelf Command Line, and more. 

ELF is the main token of the aelf platform mainly used for paying transaction fees and SideChain index fees. ELF also enables production node deposits, voting, and block rewards. Based on the issuance and release plan, it is expected that the total ELF issuance will be $ 1 billion and its block reward release plan halved every four years.

aelf (ELF) Market Overview

aelf (ELF) Current Market Status

ELF is already ranked in the 109 position based on its market capitalization, according to CoinMarketCap. The current circulating supply of the ELF platform’s native token is 633,628,600 ELF, while its total supply is 1,000,000,000 ELF. 

Moreover, ELF is priced at $0.3648, experiencing a 10.69%  in one day. With a market cap of $231,150,037, ELF also experienced a 0.03% surge in seven days. Moreover, the trading volume is valued at $52,582,019, after experiencing a fall of 513.36% surge in one day, indicating that the demand for this token is rising.

aelf (ELF) Price Analysis 2023

Will ELF’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the digital asset industry affect ELF’s sentiment over time? Read more to find out about ELF’s 2023 price analysis.

aelf (ELF) Price Analysis – Bollinger Bands

The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

The recent candlesticks formed broke through the upper band of the Bollinger Band. there may be a high chance that ELF could experience a price retracement. Moreover, the chart shows that the altcoin is experiencing an uptrend over the short-term period. During its price correction, ELF could fall in the bottom half of the chart.

aelf (ELF) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as the overbought region, and traders expect the price could fall soon.

The RSI is valued at 71.25, indicating that the altcoin has reached the overbought market. Moreover, the RSI entered the overbought after making a subsequent bullish crossover. Naturally, when the candlesticks reach the overbought region, there may be a chance that the altcoin may face a price correction soon.  

aelf (ELF) Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. 

Looking at the charts, the green bars on the MACD indicator continue to form, indicating a possible bull trend in the market. There may be a chance that the uptrend could settle down which could have been caused by the immense number of buyers entering the market. However, the MACD line, currently, moves upward while maintaining a distance from the signal line.

aelf (ELF) Price Prediction 2023-2030 Overview

aelf (ELF) Price Prediction 2023

The candlesticks were trading near the support line and the SMA line was on the verge of forming a death cross. However, it seems the buyers rallied to the altcoins side creating an uptrend. This uptrend led the candlesticks to reach the current resistance. If this momentum is maintained, ELF could cross newer territories in the future.

Meanwhile, the forecast for ELF remains to be bullish and is expected to reach beyond the level of $0.5. The bearish price prediction for ELF ranges from $0.103 to $0.098. However, on the off chance, that ELF experiences an extremely bullish sentiment again, there is a high possibility that it trade beyond the level of $0.7.

aelf (ELF) Price Prediction – Resistance and Support

The candlesticks are currently trading between $0.35 and $0.27. If the current momentum is maintained then ELF could cross beyond the resistance levels. There is a high chance that after each resistance level, these barriers would soon become support levels. Traders also expect that ELF may cross beyond the $0.5849 level.

aelf (ELF) Price Prediction 2024

Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. ELF could also be affected by Bitcoin halving and could trade beyond the price of $1.34 by the end of 2024.

aelf (ELF) Price Prediction 2025

ELF could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, ELF will continue to rise in 2025 forming new resistance levels. It is expected that ELF would trade beyond the $1.67 level.

aelf (ELF) Price Prediction 2026

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. Moreover, when ELF remains in the oversold region, there could be a price correction soon. ELF, by the end of 2026, could be trading beyond the $1.88 resistance level after experiencing the price correction.

aelf (ELF) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. ELF is expected to rise after its slumber in the bear season. Moreover, ELF could even break more resistance levels as it continues to recover from the bearish run. Therefore, ELF is expected to trade at $2.01 by the end of 2027.

aelf (ELF) Price Prediction 2028

Once again, the crypto community is looking forward to this year as there will be a Bitcoin halving. Alike many altcoins, ELF will continue to form new higher highs and is expected to move in an upward trajectory. Hence, ELF would be trading at $2.77 after experiencing a massive surge by the end of 2028. 

aelf (ELF) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, ELF could be trading at $3.58 by the end of 2029.

aelf (ELF) Price Prediction 2030

After witnessing a bullish run in the market, ELF and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, ELF could be trading at $3.80.

aelf (ELF) Price Prediction 2040

The long-term forecast for ELF indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. However, ELF may face a slight fall before starting its upward journey once again. It is expected that the average price of ELF could reach $14.82 by 2040.

aelf (ELF) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, ELF could surpass the resistance level of $27.94.  

Conclusion

ELF has been part of the watch-out list for many investors as it aims to make its mark in the blockchain industry. If investors continue to show interest in ELF and add these tokens to their portfolio, then, it could continue to rise up. ELF’s bullish price prediction shows that it could pass beyond the $0.588 level. Moreover, ELF could surpass the $27.94 level by the end of 2050.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.