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Elongate Price Prediction 2024-2030: Is ELONGATE a good investment?

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.

Let’s examine the EG token’s potential for price appreciation over six years (2024-2030). Ultimately, this will help you better understand how Elongate’s price could evolve over the next decade.

Overview

CryptocurrencyElongate
TickerEG
Current price$0.0008766
Market cap$4.78 million
Trading volume$27,083
Total supply6 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

MetricValue
50-day SMA$0.003128
200-day SMA$0.002828
SentimentBearish
Fear and greed index29 (Fear)
14-day RSI36.31

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)

PeriodValue ($)Action
SMA 30.003128SELL
SMA 50.003128SELL
SMA 100.003128SELL
SMA 210.003128SELL
SMA 500.003128SELL
SMA 1000.003128SELL
SMA 2000.002828BUY

Daily exponential moving average (EMA)

PeriodValue ($)Action
EMA 30.003128SELL
EMA 50.003128SELL
EMA 100.003128BUY
EMA 210.003128BUY
EMA 500.003128BUY
EMA 1000.003124BUY
EMA 2000.002913BUY

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

EGSwap Telegram Buybot is now live. The bot combines data from the blockchain, staking pools, and NFT staking smart contracts to give users a real-time alert.

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.

MonthPotential low ($)Potential average ($)Potential high ($)
July0.000820.000850.001186

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.

YearPotential low ($)Potential average ($)Potential high ($)
20240.000820.000930.0019

Elongate price prediction 2025 – 2030

YearPotential low ($)Potential average ($)Potential high ($)
20250.000680.000820.0015
20260.00190.00280.0038
20270.00470.00580.0063
20280.00700.00820.0094
20290.0100.0140.018
20300.0190.0270.033

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

Platform202420252026
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

FAQs

Is ELONGATE Secure?

Yes, ELONGATE is a secure platform. It runs on the Binance Smart Chain, which is safe, reliable, and highly scalable.

Where to buy ELONGATE crypto?

You can buy ELONGATE on cryptocurrency exchanges, including MEXC and PancakeSwap.

How many ELONGATE Tokens are there? 

The total supply of ELONGATE is 6 billion tokens. The ELONGATE smart contract has no auto-burn mechanism; the team makes burns depending on market conditions. 

What is the ELONGATE token used for?

ELONGATE tokens provide access to the platform's services and utility, reward users for their activity on the platform, and help fund social impact initiatives.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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