Elastic (XEL) Price

Elastic is an open-source cryptocurrency that aims to create a decentralized trustless supercomputer. The platform plans to utilize cryptography and blockchain technology to create a supercomputer. It powers the Elastic platform is called XEL.

What is Elastic?

Elastic is an open-source cryptocurrency which is aimed at creating a decentralized trustless supercomputer. A supercomputer is extremely powerful and can perform heavy computational tasks. The platform plans to utilize cryptography and blockchain technology to create a supercomputer. The cryptocurrency that powers the Elastic platform is called XEL. Users can purchase and sell computational resources like CPUs, GPUs, FPGAs using the Elastic coins. The total supply of XEL coins is capped at 1 million. Miners provide the computational power and get rewarded in XEL.

The platform has created its own proprietary programming language known as ElasticPL. The language which is somewhat similar to the C programming language, incorporates many of the basic operators and functions. The platform focuses on anonymity and privacy and offers access to computational resources anytime from any location.

Where to buy Elastic?

Elastic tokens started trading on the exchanges at the end of June 2017. As per Coinmarketcap, the XEL coins are listed on exchanges like Bittrex and Upbit.

Elastic Mining

Elastic coins can be mined.

Elastic Wallets

The Elastic Coin Lite wallet is available for Windows, Linux, and Mac.

Price Trends

On 23 May 2018, the market capitalisation of Elastic Coin was $23,648,024 while the price of 1 XEL token was $0.258. On January 11, price of the token was around $1.04 following which the price kept falling and has been flat for most of the months.

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Risks involved with investing in Elastic

Cryptocurrencies are volatile in nature and it is difficult to predict the rise and fall of the price. Moreover, they are subject to government regulations. Hence, it is advised to invest in mutual funds instead as they are more secure and reliable.


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