Elastos was created by Rong Chen to be the future internet. Below is the first paragraph from the white paper to give you a short idea about the project.
“Elastos aims to create a new kind of Internet, powered by blockchain technology. On this new Internet, people will be able to own digital assets and generate wealth from them. Today, there is a seemingly infinite supply of digital books, movies, music and games. But people do not necessarily own their digital property. You can purchase a digital book, for example, but you can’t sell it to anyone else. So, do you really own it? Elastos wants to make digital assets scarce, identifiable and tradable. Property rights pave the way for wealth creation, and Elastos intends to build a new World Wide Web that respects those rights.“
The full white paper is in the link below for those that want more information.
https://www.elastos.org/downloads/elastos_whitepaper_en.pdf
When Elastos first came out it had a lot of hype. It reached around $75 but since then it has been almost a forgotten project, as you can see in the price and volume.
To maximize profits you want to find a project with potential that is near all time lows. I believe Elastos could be one of those projects. It is currently listed at #328 right now on CoinMarketCap with a market cap of about $27,750,000 sitting at $1.61 up 6% on the 24hrs.
As you can see from the first chart Elastos is close to it’s all time low right now while most projects are preforming very well in this past month. I see big potential in growth in this project. I believe they just need a little better marketing to shine some light on the great work that they are doing.
Take a look at a couple more charts on Elastos below.
Elastos chart from this last year.
Elastos in the last 24hrs.
A idea like Elastos takes time to develop but could be the future. It could be smart to grab a bag of ELA now while it is near all time lows.
What do you guys think about Elastos drop a comment below.