Ellipsis (EPX) Price Prediction 2023-2030: Will EPX Reach $0.001 Soon?

• Bullish EPX price prediction ranges from $0.00047 to $0.00058.
• EPX price might also reach $0.00085 in 2023.
• EPX’s bearish market price prediction for 2023 is $0.0000867.

What is Ellipsis (EPX)?

Ellipsis Finance describes itself as a decentralized exchange and an authorized fork of Curve Finance on the BNB chain. The main reason behind its formation is to solve three problems — offering efficiently priced swaps, offering yield to token holders in a safe, and offering a solution for protocols to build deep liquidity for their tokens.

As an Automated Market Maker (AMM), Ellipsis enables users and other decentralized protocols to exchange tokens with low fees and low slippage. Meanwhile, EPX is the native token for Ellipsis and consists of four main uses: it acts as a reward for liquidity providers, is used for voting on pool incentives, locking for platform fees, and locking to boost Liquidity Provider rewards.

Ellipsis (EPX) Market Overview

Ellipsis (EPX) Current Market Status

EPX is already ranked in the 663 position based on its market capitalization, according to CoinMarketCap. The current circulating supply of the EPX platform’s native token is 68,609,299,440 EPX, while its total supply is 132,000,000,000 EPX. 

Moreover, EPX is priced at $0.000192, after experiencing a surge of 9.75%  in one day. With a market cap of $13,190,188, EPX also experienced a 13.61% surge in seven days. Moreover, the trading volume is valued at $12,290,476, after experiencing a spike of 1081.77% in one day, indicating that the demand for this token is rising.

Ellipsis (EPX) Price Analysis 2023

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

Ellipsis (EPX) 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.

Looking at the chart, the candlestick crossed above the upper band of the Bollinger Band. It seems that the recent spike created a tremor for the indicator causing it to expand. The expansion of the Bollinger Bands could be a sign that the volatility in the EPX market is rising. Earlier, the bands were moving in a horizontal position which could be a sign of a low volatility market. 

Ellipsis (EPX) 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 jumped from its 46 level to the 68 level earlier, however, recently the RSI fell and reached the 47.79 level. The closer the EPX’s RSI comes closer to the SMA, it could form a bearish crossover soon. With the bearish crossover, EPX may continue to fall down for some time.

Ellipsis (EPX) Price Analysis – Moving Average Convergence Divergence (MACD)

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 green bars seem to be forming on the MACD line indicating that the altcoin is experiencing a bullish trend. However, the green bars reducing is also a sign that the uptrend may be ending soon. Looking at the candlesticks the red candle returns the altcoin to its earlier position. 

Ellipsis (EPX) Price Prediction 2023-2030 Market Overview

Ellipsis (EPX) Price Prediction 2023

Over the long term period, it seems that the candlesticks is moving in the downward pattern. The candlesticks are currently trading in its critical support line. Despite the one-day spike, the altcoin fell back to its current level which could be a sign that EPX failed to escape from its downward trend. There may still be hope for the altcoin if it forms more green candles in the future.

Meanwhile, the forecast for EPX remains to be bullish and is expected to reach beyond the level of $0.00058. The bearish price prediction for EPX ranges from $0.0000867 to $0.0000653. However, on the off chance, that EPX experiences an extremely bullish sentiment again, there is a high possibility that it trade beyond the level of $0.00085.

Ellipsis (EPX) Price Prediction 2023 – Resistance and Support Level

Looking at the EPX/USDT chart, the candlestick continued to fall below its support line. The candlesticks also reached its current position which seems to the critical support. Despite its current downtrend, EPX may show a significant uptrend performance and climb above the various target levels. In order for the altcoin to reach the extreme bullish zone, it needs to cross its last target point.

Ellipsis (EPX) 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. EPX could also be affected by Bitcoin halving and could trade beyond the price of $0.00142 by the end of 2024.

Ellipsis (EPX) Price Prediction 2025

EPX 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, EPX will continue to rise in 2025 forming new resistance levels. It is expected that EPX would trade beyond the $0.0034 level.

Ellipsis (EPX) 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 EPX remains in the oversold region, there could be a price correction soon. EPX, by the end of 2026, could be trading beyond the $0.0067 resistance level after experiencing the price correction.

Ellipsis (EPX) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. EPXis expected to rise after its slumber in the bear season. Moreover, EPX could even break more resistance levels as it continues to recover from the bearish run. Therefore, EPX is expected to trade at $0.0098 by the end of 2027.

Ellipsis (EPX) Price Prediction 2028

Once again, the crypto community is looking forward to this year as there will be a Bitcoin halving. Alike many altcoins, EPX will continue to form new higher highs and is expected to move in an upward trajectory. Hence, EPX would be trading at $0.0235 after experiencing a massive surge by the end of 2028. 

Ellipsis (EPX) 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 will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, EPX could be trading at $0.05562 by the end of 2029.

Ellipsis (EPX) Price Prediction 2030

After witnessing a bullish run in the market, EPX 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, EPX could be trading at $0.0674.

Ellipsis (EPX) Price Prediction 2040

The long-term forecast for EPX 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, EPX may face a slight fall before starting its upward journey once again. It is expected that the average price of EPX could reach $5.86 by 2040.

Ellipsis (EPX) 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, EPX could surpass the resistance level of $15.92.  

Conclusion

EPX 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 EPX and add these tokens to their portfolio, then, it could continue to rise up. EPX’s bullish price prediction shows that it could pass beyond the $5.86 level. Moreover, EPX could surpass the $15.92 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.