Million

Billion

Rise

Coin

In the past three days, ELF price gained nearly 40% from the $0.3029 support, and surged nearly 25% intraday to $0.4252. According to Coinmarketcap, market capitalization stood at $306.498 Million, and in terms of the same it stands at 157th rank. 
Per spot trading activity, it generated a massive surge of 232.86% volume, amounting to $129.227 Million. Meanwhile, the <a href="https://www.thecoinrepublic.com/2024/07/08/3-crypto-to-watch-out-for-this-week-egld-om-not/">trading activity</a> is happening hassle-free in the Aelf market, as its liquidity is high. 
The volume to market cap ratio stands at 41.62%, followed by the last 24-hour trading activity. Also, the people’s hands have 73.15% circulation, which makes 731.46 Million ELF out of 1.0 Billion ELF. 
<h2 class="wp-block-heading" id="h-significant-rise-in-active-wallet-addresses-of-aelf-elf-crypto">Significant Rise in Active Wallet Addresses of Aelf (ELF) Crypto!</h2> 
Active addresses refer to unique addresses of ELF users that participate in one or more transactions within a given timeframe. The number of distinct addresses in the Aelf that participated in a transfer for the given asset in the past 7-day window was 263 transactions. <iframe loading="lazy" title="Santiment Chart: Active Addresses 7d (ELF)" width="800" height="425" src="https://embed.santiment.net/chart?ps=aelf&amp;pt=ELF&amp;df=2024-01-30T00%3A00%3A00.000Z&amp;emcg=1&amp;wm=active_addresses_7d&amp;wax=0&amp;wc=%23FFCB47" scrolling="no"></iframe> 
This implies a higher demand and value for the asset as the active addresses of crypto are advancing over time. 
<h2 class="wp-block-heading" id="h-development-activity-in-aelf">Development Activity in Aelf</h2> 
The development activity reflects the level of activity in the form of undergoing projects and developments in the Aelf asset. It shows the recent updates and changes that have occurred in the ELF.&nbsp; <iframe loading="lazy" title="Santiment Chart: Development Activity (ELF), Dev. Activity Contributors Count (ELF)" width="800" height="425" src="https://embed.santiment.net/chart?ps=aelf&amp;pt=ELF&amp;df=2023-09-16T00%3A00%3A00.000Z&amp;dt=2024-07-08T18%3A29%3A59.386Z&amp;emcg=1&amp;wm=dev_activity%3Bdev_activity_contributors_count&amp;wax=0%3B1&amp;wc=%238358FF%3B%23FF5B5B&amp;ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A21%7D%7D%3B" scrolling="no"></iframe> 
Meanwhile, the developer’s activity highlights that it is in advance, and the developer’s activity and commit count have exhibited sustained growth in ELF. 
<h2 class="wp-block-heading" id="h-what-is-the-all-time-high-ath-and-all-time-low-atl-for-elf">What is the all-time high (ATH) and all-time low (ATL) for ELF?</h2> 
The highest price for ELF was $2.95, which was recorded on Jan 7th, 2018. Comparatively, the price at press time appears to be 86.18% lower than the all-time high price. 
The lowest price of ELF was $0.046, which was recorded on December 1st, 2019. Comparatively, the current price is 1300% higher than its all-time low price. 
<h2 class="wp-block-heading" id="h-what-does-price-action-present-in-the-elf-chart">What Does Price Action Present in the ELF Chart?</h2> 
2023 was a roller coaster year for ELF, as it traded with steep momentum that year, while the major momentum was witnessed around November and December of 2023. It was evident on the daily chart that from the $0.45 support level, the price had peaked at $1.165 by December 24th, 2023, before profit booking dragged it back to near the previous run point. 
Thereon, after struggling for 170 days in a range of $0.45 to $0.72, the price faced a further drawdown by June 11th, 2024, which reached $0.30 by July 5th. From this level, the price has shown some traits of resurgence. 
If ELF price rallies, the price could have a run towards higher levels, like $0.45 and $0.72. In case it slips below $0.30, the drawdown could extend, where the price could witness lows such as the $0.12 mark. 
Overall, the indicators part is boasting towards a higher jump coming, and based on the price history, gains could be epic.&nbsp;  
<a href="https://in.tradingview.com/chart/ELFUSD/6gX20E7n-What-Does-Price-Action-Present-In-the-Aelf-ELF-Chart/"></a><a href="https://in.tradingview.com/u/Sam_TCR/"></a><a href="https://in.tradingview.com/"></a>  
The bullishness is increasing – the price is approaching the 200-day EMA band after crossing the 50-day EMA band.&nbsp; 
MACD showed a bullish cross formed below the zero line. The MACD shows that despite the bearish trend, the bulls’ presence is increasing. The RSI shows the curve has surpassed the median line, more likely headed for the overbought 70 level. At press time, it is 58.96. 
ELF surged nearly 40% in the past 3 days, with increased trading activity. The price broke above the 50-day EMA and formed a bullish MACD cross. Bullish indicators suggest a potential rise to $0.45 or higher, but resistance awaits. 
The post <a href="https://www.thecoinrepublic.com/2024/07/08/high-retail-interest-and-40-surge-can-elf-price-rise-to-1/">High Retail Interest and 40% Surge: Can ELF Price Rise To $1?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.

High Retail Interest and 40% Surge: Can ELF Price Rise To $1?

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