The Cryptocurrency Elastic (XEL) rose by 3.04% for a day

March 19, 2018 - By Ellis Scott

Elastic (XEL) had a good 24 hours as the crypto jumped $0.0053 or 3.04% trading at $0.1794. According to Top Cryptocoin Experts, Elastic (XEL) eyes $0.19734 target on the road to $0.317856288081899. XEL last traded at BitTrex exchange. It had high of $0.1859 and low of $0.1668 for March 18-19. The open was $0.1741.
Exchange Buy Sell XEL At Best Rate


Elastic (XEL) is down -45.88% in the last 30 days from $0.3315 per coin. Its down -28.70% in the last 100 days since when traded at $0.2516 and the annual trend is down. 200 days ago XEL traded at $0.4925. XEL has 89.57M coins mined giving it $16.07M market cap. Elastic maximum coins available are 100.00 million. XEL uses algorithm and PoW proof type. It was started on 08/06/2017.

Elastic is an open-source project that provides the infastructure for a decentralized supercomputer. r, designed to carry out arbitrary tasks over the internet. Those  who need  computational  resources, model their problem using Elastic’s programming language (Elastic PL) and broadcast it on the network, along with a certain amount of XEL coins. The Elastic miners are then motivated to offer their computational resources in exchange for a portion of those XEL coins.

Elastic offers potential buyers a large parallel computation cluster composed of many CPUs and GPUs supplied by the miners. The network is  powered by its own PoW cryptocurrency (XEL) and provides a market-based mechanism to buy and sell computational resources.

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