Xelis Price Prediction 2024: XEL Price Analysis
What's next for Xelis? l Credit: Derek Fenech/CCN.com
- Xelis’ XEL debuted on the public market on Aug. 14, 2024.
- It jumped immediately, increasing by $1 in a couple of days.
- One price prediction says it may reach $4.29 next year.
Xelis is a new cryptocurrency built from the ground up using advanced technologies. Leveraging BlockDAG, homomorphic encryption, zero-knowledge proofs, and smart contracts, Xelis offers a secure and efficient platform.
Developed in Rust, it employs an event-driven architecture for high-performance databases, peer-to-peer networking, and API interactions. This design enables real-time network monitoring and rapid response to events, providing developers with exceptional control and visibility.
On Aug. 16, 2024, XEL was worth $7.00.
Xelis didn’t respond to a request for comment.
Xelis Price Prediction
| Minimum XEL Price Prediction | Average XEL Price Prediction | Maximum XEL Price Prediction | |
|---|---|---|---|
| 2024 | $6.40 | $13.60 | $15.84 |
| 2025 | $15.49 | $18.36 | $18.72 |
| 2030 | $48.62 | $52.10 | $53.98 |
Xelis Price Prediction for 2024
If the positive momentum continues and XEL breaks above its moving averages, it could reach targets between $6.40 and $15.84 by the end of 2024, with the average price set at $13.60.
Xelis Price Prediction for 2025
Technical analysis suggests a potential increase for Xelis in 2025. The minimum XEL price expected for 2025 is $15.49, while the maximum is $18.72. On the other hand, the average forecast suggests it may reach $18.36.
Xelis Price Prediction for 2030
Based on technical analysis, the XEL token may reach a maximum level of $53.98 at the beginning of the next decade, while, in the worst scenario, it may go to $48.62. Meanwhile, the average expected price is $52.10.
Xelis Price Analysis
The technical indicators for Xelis present a largely neutral outlook with a few key signals. The RSI (14) is at 39.1, indicating a neutral stance, while the Stoch RSI (14) at 100.00 suggests a sell. The Stochastic Fast (14) registers at 66.70, maintaining a neutral position, alongside the Commodity Channel Index (20) at 66.67 and the Average Directional Index (14) at 22.82, both reflecting neutrality.
The Awesome Oscillator (5, 34) is slightly negative at -1.93, also neutral, whereas Momentum (10) at 0.14, VWMA (10) at 5.53, and the Hull Moving Average (9) at 5.94 all signal a buy. The MACD (12, 26) is at 0.29, showing neutrality, while the Williams Percent Range (14) at -33.30 and the Ultimate Oscillator (7, 14, 28) at 41.67 both align with a neutral outlook. The Ichimoku Cloud B/L (9, 26, 52, 26) stands at 8.18, further supporting the overall neutral sentiment.
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Short-Term Xelis Price Prediction
CCN’s Xelis price prediction expects XEL to increase by 6% in the next 24 hours and to surge by 232% in the next month, reaching $20.59 by Sept. 15, 2024. Technical indicators currently signal a bullish sentiment, while the Fear & Greed Index stands at 27, reflecting fear in the market.
Over the past 30 days, Xelis has experienced 10 out of 30 green days (33%) with a price volatility of 22%. Based on this forecast, now appears to be a good time to buy Xelis.
Xelis Price Performance Comparisons
| Current Price | One Month Ago | Price Change | |
|---|---|---|---|
| Xelis | $7.00 | Not Available | Not Available |
| Toncoin | $6.51 | $7.2716 | -11% |
| Notcoin | $0.01087 | $0.01666 | -32% |
| Solana | $144.21 | $163.5727 | -6.9% |
How Do We Make a Xelis Price Prediction?
Our price prediction for Xelis combines technical analysis tools and recognizes the logic in price cycles. We’ve primarily used the Elliott Wave Principle, which describes these price movements in their motive and correction phases.
Applied to the Xelis-specific time-frames and its price history, we can come up with the targets, although the further we project, the less accurate they are because they depend on what happens in between.
Xelis Price History
Next, let’s examine some key dates in the Xelis price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when making or interpreting a Xelis price prediction.
| Time period | Xelis price |
|---|---|
| Launch price (Aug. 14, 2024) | $6.3026 |
| All-time high (Aug. 16, 2024) | $7.31 |
| All-time low (Aug. 14, 2024) | $6.0311 |
Xelis Market Cap
The market capitalization, or market cap, is the sum of the total XEL in circulation multiplied by its price. On Aug. 16, 2024, Xelis’ market cap was $3.5 million, making it the 3,655th largest crypto by that metric.
Xelis Supply and Distribution
| Supply and distribution | Figures |
|---|---|
| Maximum Supply | 18,400,000 |
| Circulating supply (as of Aug. 16, 2024) | 500,000 (2.7% of total supply) |
From the Xelis Whitepaper
Xelis’ whitepaper hasn’t been published yet.
What Is Xelis?
Xelis is a cutting-edge cryptocurrency meticulously engineered from the ground up. Leveraging advanced technologies like BlockDAG, Homomorphic Encryption, Zero-Knowledge Proofs, and Smart Contracts, Xelis delivers unparalleled security and efficiency.
Built on the Rust programming language, it prioritizes speed and security through memory safety. Its asynchronous architecture, handling database, peer-to-peer networking, and API interactions seamlessly, ensures optimal performance. Developers can effortlessly monitor network activity and respond instantaneously through the built-in event system.
How Xelis Works
Xelis incorporates Homomorphic Encryption (HE) using the ElGamal encryption system to ensure high transaction privacy. This advanced cryptographic technique allows for computations to be performed directly on ciphertexts, meaning that Xelis can perform secure operations without revealing the plaintext data.
Is Xelis a Good Investment?
It is difficult to tell. Xelis has just launched its XEL token on the public market, and despite its initial surge, it’s quite early to say where it’s headed.
As always with crypto, you must do your research before deciding whether or not to invest in XEL.
Will Xelis go up or down?
No one can tell right now. While the Xelis crypto price predictions are primarily positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Should I invest in Xelis?
Before you decide whether or not to invest in Xelis, you will have to do your research, not only on XEL but on other related coins and tokens such as The Graph (GRT) or Ethereum Name Service (ENS). Either way, you must also ensure you never invest more money than you can afford to lose.
FAQs
Will XEL reach $100?
Price predictions based on technical analysis see it reaching a three-figure level in the next decade.
What is Xelis used for?
It is used to pay fees, deploy Smart Contracts, create new assets, and store and transfer value.
Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability, and accuracy of this information. The cryptocurrency market also suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
