Introduction
Some time ago I posted about my interest in blockchain computing projects. One of the projects I discussed was Elastic or $XEL when they were due to release their litewallet client.
Well if you had invested at the right time in $XEL you could have tripled the value of your holdings:
The $XEL Price has more than tripled in the last week.
I believe there are a few reasons for it:
People who were dumping are mostly sold out of the market now and so a large proportion of people are long term holders like myself.
Crypto markets have gone back to a more bullish position and people are looking for new places to put Bitcoin profits after the new ATH. They are looking for the next big thing.
The word is spreading further about XEL and there are rumours of interest in Chinese markets.
XEL has a fixed supply (100m) and about 1/6th (17m) have not even been redeemed (possibly they never will) - making the amount about 1/10 of competitors like GNT.
XEL is a lot further in development than competitors like Golem.
(NB I have posted these points in the BTC Talk and Elastic forums too).
Interested in finding out more about Elastic/$XEL?
Check out the following sources:
The Glaringly Obvious Investment Warning
As always with my cryptocurrency posts these are my own personal opinions and are not investment advice.
Please make sure to do your own research before you spend any money and DON'T ever invest more than you can afford to lose.
Your analysis and the level of risk you are willing to take may be completely different from mine.
Thank you for reading
