$XEL Price has more than tripled in the last week
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
Thanks for the information thecryptofiend🙂
You're welcome!
Looks Like A Good Investment !!!
Thanks glad you agree.
@steemian69 got you a $1.94 @minnowbooster upgoat, nice! (Image: pixabay.com)
Want a boost? Click here to read more!
Crypto is finally finding its place in the world with its increasing prices , in hoping to see this continuation since we have had downfall in a lot of the crypto currency , in going to look more into it @thecryptofiend thank you
You're welcome!
I feel like XEL was sleeping this whole time , hibernation mode :D
Steem on
Yes. I think it is still sleeping since most people have no idea about it.
I told my friend that we are still early birds to the crypto game and he finds it hard to believe. He thinks we are somewhat late to the game, that the early adopters are dudes that keyed in around 2011 to 2013 :)
It is a matter of perspective. I would say you are right because there is still huge growth potential. Even bitcoin is a tiny niche compared to the rest of financial sector.
I totally agree with this line of reasoning, I'm glad to join this year, so far, so good.
:)
you are right @journeyoflife,its a new dawn a paradigm shift in global finance,you are followed check me out @detycoon cheers
Haven't heard of this before. Will definitely check it out and buy some for long term holding.
Cool just always do your own research too though.
Nice post. From me upvote.
Thanks!
Some nice gainz.. I'll def add it to my watch list. Sitting on the sidelines at the moment right now haha
Great.
I have also invested in XEL sometime ago but I sold it on 20% profit and after that market crashed because of all that Bitcoin Segwit and Hardfork hype. I got out at very good timing , fortunately ! I think XEL is a good hold for longtime investors. A lot of people are investing in it and because of that Chinese speculation it is increasing in DEMAND. I am sure you have invested you money in one of he best investments in crypto market @thecryptofiend . Best of luck sir :)
Yes but you might regret selling for a 20% profit in the long term.
Actually sir, at that moment I got out at the right time but I bought back some when it was at lowest after the market crash. So I have some of it right now, may be their value would be around $250 right now and it keeps on increasing, so now I am holding it for long term.
OK - it is risky though!
Yes its too risky, but when we see the crypto's in general, there's always risk involved. We should learn to take calculated risks as far as I learn from life.
Anyways, good luck with your investments sir. Wish you all the luck :)
Thanks you too. I think the more we spread the risk the more likely we are to come out on top in the end!
Yes, that's how the world is working right now sir :)
While watching and having an eye on the big players, we missed the performance of little players and now we are too late to catch them. what do you say, can we still take it?
Absolutely. If you believe in a project for the long term it is worth buying. Just wait for a dip to buy, since there has been a rapid rise over the last week people will likely take profits and there will be a dip. That is the opportunity to get in.
You are absolutely right, some correction will be seen after this massive rise, then we can enter here.
Exactly.
Ooh, another crypto to check out.. :)
Cute kitty in ribbon btw ;)
:)
Very interesting info, I'll go and look at it more :) I think there is something .
Cool.
:)) sure