he price has shown a slight recovery of 0.81% in 24 hours but it is still dipped in the shadows of the bearish trend. The slight recovery is not enough on the part of the coin to join the track towards the bullish trend.
Aelf News and Events:
It is announced from the official account of aelf on 2nd September that “aelf Enterprise 0.8.0” has been released.
The Aelf blockchain is making exponential progress by making partnerships with prominent firms. Amaten, the largest gift card exchange has announced to build its blockchain on aelf:
#tbt Amaten, the largest gift card exchange will build its blockchain on aelf. #Amaten and #aelf will lead the application of #blockchain technology to the gift card industry while sustaining blockchain based ecosystem for tokenized gift cards.
Aelf Price Statistics
The market cap is accumulating at $41,145,356 USD and the 24-hours volume counts $10,051,318 USD. 499,780,000 ELF tokens are in circulation out of total 880,000,000 ELF coins.
Aelf Price
The current price of the aelf token is standing at $0.082327 USD and 0.00000789 BTC at the time of writing. And the ROI value is decreased by 92.52% which is not a good pointer.
Performance in Past Three months
The value is decreasing continuously from consecutive past three months as you can see in the chart. This slumping of the coin has upset many traders and investors who have invested in the digital asset. The price was hovering at its highest level at $0.22 on 4th July and then slumped to $0.10 on the 17th of July.
A slight recovery was seen and soared by 34.86% in the upward direction but this rally is not sustained for a long time as it dumped to $0.072 on 29th August.
Aelf (ELF) Price Prediction
The technical analysis unveiled the current behavior of coin that is not very satisfactory as it slumped by 18% in the past 15 days. However, the support level at 0.078 may ignite the trend line upward.
Conclusion
The slumping of ELF from the past few months has shattered the hopes of traders. And still, there is no signal of a great price rally that would cover the loss.
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