Question 1

What determines the price movement of Wrapped Elastos (WELA)?

Accepted Answer

There are two schools of thought when it comes to determining the price of a cryptocurrency like Wrapped Elastos.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Wrapped Elastos, collectively known as <0>fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Wrapped Elastos. By way of price action: <0>technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Wrapped Elastos on the basis that history tends to repeat itself.
Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Wrapped Elastos. Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Wrapped Elastos and the broader cryptocurrency market.

Question 2

What is the highest price of Wrapped Elastos price in history?

Accepted Answer

Wrapped Elastos achieved the all-time high of 5.92 in 2024-03-13, and is currently trading at 1.93.

Question 3

What is the lowest price of Wrapped Elastos price in history?

Accepted Answer

Wrapped Elastos reached its all-time low of  0.999968 on 2025-04-17.

Question 4

What is the current market cap of Wrapped Elastos?

Accepted Answer

The current market cap of Wrapped Elastos is  611991.9017534567, as 317094.24961319 WELA is trading at the price of 1.93.

Question 5

How many Wrapped Elastos are there in the market?

Accepted Answer

There are currently 317094.24961319 WELA circulating in the market. These Wrapped Elastos can be actively traded or used in the open market.

Question 6

What is the maximum supply of Wrapped Elastos?

Accepted Answer

The maximum supply of WELA is 28220000 , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

Question 7

What is the fully diluted market cap (or FDV) of Wrapped Elastos?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Wrapped Elastos is 54464600.000. The FDV is calculated taking the assumption that all supply of Wrapped Elastos is circulation, multiplied by its current price of  1.93.

Question 8

What is the price prediction of Wrapped Elastos ?

Accepted Answer

Using an algorithm to automatically identify historical data trends, this <0>Wrapped Elastos price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Question 9

Is Wrapped Elastos a good investment?

Accepted Answer

Wrapped Elastos offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Wrapped Elastos and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and <0>do your own research (DYOR) before investing in Wrapped Elastos.

Question 10

How to buy Wrapped Elastos?

Accepted Answer

You can buy Wrapped Elastos via Gate by following the steps on <0>how to buy WELA once you have funded your account.

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