Key takeaways:
Elongate price prediction suggests an average market price of $0.0019 by the end of 2024.
Holders can anticipate a maximum price of $0.0063 in 2027.
By 2030, EG might touch $4.88, following increased institutional adoption.
Founded in 2021, Elongate made a splash after its EG token launch—reaching a $1 million market cap within 24 hours and $600M within five weeks. With such numbers, it’s no wonder investors and industry experts are looking to Elongate for price predictions. In 2023, they migrated the token to version 2 in the ratio of 100,000:1.
This article will examine the EG token’s potential for price appreciation over six years (2024-2030). Ultimately, you should better understand how Elongate’s price could evolve over the next decade.
Overview
Cryptocurrency Elongate Ticker EG Current price $0.0008766 Market cap $4.78 million Trading volume $27,083 Total supply 6 billion All-time low $0.0003504 on Aug 22, 2023 All-time high $0.001801 on Mar 13, 2024 24-hour low $0.0008491 24-hour high $0.0008773
Elongate price prediction: Technical analysis
Metric Value 50-day SMA $0.003128 200-day SMA $0.002828 Sentiment Bearish Fear and greed index 29 (Fear) 14-day RSI 36.31
Elongate price analysis: EG drop slows
Key takeaways:
Elongate crypto movement contrasts its bullish run in the first quarter of 2024.
The RSI is neutral territory, so there is plenty of room for price movement in either direction.
EG/USD 1-day chart: EG faces rejection at $0.001286
EG/USD chart. Image Source TradingView
The Elongate price analysis for July 11, 2024. EG’s movement contrasts with its bullish run in the first quarter 2024. The difference is the rate at which the price changed. In the second quarter, the coin assumed a gradual bear run. It has so far dropped by 50% from the annual high.
EG’s downward trend comes as it faces rejection at $0.001286. The current decline is gradual, and the little momentum indicated by the MACD suggests the drop is slowing some more. Volatility has remained unchanged for the last three weeks, and the relative strength index is in neutral territory.
EG/USD 4-hour chart: EG recovers from oversold territory
EG/USD chart. Image Source TradingView
The 4-hour chart highlights EG’s drop into oversold territory and the preceding reversal. At the time, EG fell from $0.000979 to $0.0007722. It then reversed to a high of $0.0008771. The coin’s bear run prevented it from rising to previous highs, but it continues to register positive momentum. The RSI is neutral territory, so there is plenty of room for price movement in either direction.
Elongate technical indicators: Levels and action
Daily simple moving average (SMA)
Period Value ($) Action SMA 3 0.003128 SELL SMA 5 0.003128 SELL SMA 10 0.003128 SELL SMA 21 0.003128 SELL SMA 50 0.003128 SELL SMA 100 0.003128 SELL SMA 200 0.002828 BUY
Daily exponential moving average (EMA)
Period Value ($) Action EMA 3 0.003128 SELL EMA 5 0.003128 SELL EMA 10 0.003128 BUY EMA 21 0.003128 BUY EMA 50 0.003128 BUY EMA 100 0.003124 BUY EMA 200 0.002913 BUY
Is Elongate a good investment?
Elongate is an innovative platform that catalyzes DeFi activities. Its token, EG, is trading at its lowest this year, arguably at a discount. Most predictions are optimistic about Elongate’s price prediction.
What can we expect from Elongate price analysis next?
Per our analysis, the current sentiment is bearish, while the Fear & Greed Index shows investors are fearful. The charts show EG’s drop is slowing over the short term.
Why is Elongate down?
Ellongate is trading at its lowest this year, the crypto market capitalization is also at its lowest. The drop in its value could be attributed to the general bearish market sentiment.
Will Elongate recover?
Elongate is recovering from the month’s drop but has yet to recover to previous highs. It will recover to previous highs when the general market sentiment changes.
Will Elongate reach $0.001?
As the market corrects from the year’s drop in the second half of 2024, Elongate will rise above $0.001.
Will Elongate reach $0.1?
According to the Cryptopolitan price prediction and analysis, Elongate is unlikely to rise above $0.1 before 2030.
Will Elongate reach $1?
According to the Cryptopolitan price prediction and analysis, Elongate is unlikely to rise above $1 before 2030.
Does Elongate have a good long-term future?
According to Cryptopolitan price predictions, Elongated crypto will trade higher in the years to come. However, factors like market crashes or difficult regulations could invalidate this bullish theory.
Recent news/ opinion
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Elongate price prediction for July 2024
The Elongate price forecast for July is a maximum price of $0.001186 and a minimum price of $0.00082. The average price for the month will be $0.00085.
Month Potential low ($) Potential average ($) Potential high ($) July 0.00082 0.00085 0.001186
Elongate price prediction for 2024
For the second half of 2024, EG’s price will range between 0.00082 and $0.0019. The average price for the period will be $0.00093.
Year Potential low ($) Potential average ($) Potential high ($) 2024 0.00082 0.00093 0.0019
Elongate price prediction 2025 – 2030
Year Potential low ($) Potential average ($) Potential high ($) 2025 0.00068 0.00082 0.0015 2026 0.0019 0.0028 0.0038 2027 0.0047 0.0058 0.0063 2028 0.0070 0.0082 0.0094 2029 0.010 0.014 0.018 2030 0.019 0.027 0.033
Elongate price prediction 2025
The Elongate EG price prediction for 2025 is a high of $0.0015. It will reach a minimum price of $0.00068 and an average price of $0.00082.
Elongate price prediction 2026
The Elongate price prediction estimates it will range between $0.0019 and $0.0038, with an average price of $0.0028.
Elongate EG price prediction 2027
Elongate crypto price prediction climbs even higher into 2027. According to the predictions, EG’s price will range between $0.0047 and $0.0063, with an average price of $0.0058.
EG price prediction 2028
Our analysis indicates a further acceleration in EG’s price. It will trade between $0.007 and $0.0094, with an average price of $0.0082.
EG price prediction 2029
According to the Elongate coin price prediction for 2029, the price of Elongate will range between $0.01 and $0.018, with an average price of $0.014.
EG price prediction 2030
According to the 2030 Elongate price prediction, the price of Elongate will range between $0.019 and $0.033, with an average price of $0.027.
Elongate price prediction 2024-2030 EG market price prediction: Analysts EG price forecast Platform 2024 2025 2026 Bitscreener $0.000268 $0.00028 $0.00067 Coincodex $0.0102 $0.0031 $0.0083 Cryptopolitan’s Elongate price prediction
Our predictions show that EG will achieve a high of $0.0019 in the second half of 2024. In 2025, it will range between $0.0068 and $0.0015, with an average of $0.0082. In 2030, it will range between $0.019 and $0.033, with an average price of $0.27. Note the predictions are not investment advice. Seek independent professional consultation or do your research.
Elongate historic price sentiment
EG token migration to v2 consolidated tokens in a 100,000 to 1 ratio. The new token started trading on 20th Feb 2023.
Trading the V1 token is impossible due to a preset 99% trading fee, which DEX’s do not allow.
Per Coinmarketcap data, EG v2 started trading at $0.0009156.
It dipped soon afterward, and by Aug 22, 2023, it had fallen to an all-time low of $0.0003504.
It started correcting, and on Feb 17, 2024, it rose above its listing price.
On March 13, it peaked at an all-time high of $0.00180.
It then assumed a bear run, falling below the listing price on July 3, 2024.
Elongate price history. Image source: Coinmarketcap