In the world of DeFi, EPS crypto stands out as one of the dominating projects. Our EPS crypto price prediction expects a tremendous high for the token in the future as it builds a significant recovery rally in the price chart.
Decentralized finance (DeFi) tokens have been flying off the shelves this year as they acquired enough attention from investors to accumulate those tokens. Investors are seeking out ways to maximize their profitability amid the ongoing market downtrend as the blockchain space promises higher returns on DeFi tokens than any other asset class. As investors continue placing their bets on different protocols, it looks like Ellipsis is establishing itself as a big winner and aims to become the world’s most significant DeFi protocol. However, the current market turmoil has plunged the EPS token hard to the bottom line with mixed reactions from the crypto market. Hence, our EPS crypto price prediction aims to bring its project analysis and expected future prices with an in-depth technical analysis of the current trend to make the best strategic plan for investing in this coin.
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Ellipsis: Significant Transition In DeFi
Ellipsis Finance was established as an “authorized fork” from the Curve Finance protocol. This emerging project allows users to swap coins and stablecoins on the Binance Smart Chain, assuring end-to-end encryption with low slippage. Ellipsis network utilizes a pool system that works on a structure similar to PancakeSwap and Uniswap. Investors can stake tokens into these pools, which provide abundant liquidity for users in swapping their tokens.
The whitepaper states, “The Ellipsis team will receive support from the Curve Finance team and will commit to Curve Finance core values: a trustless and decentralized architecture, zero deposit or withdrawal fees, no lock-ups on liquidity and extremely efficient stable coin exchanges.”
Let us determine its current market details to clarify our EPS crypto price prediction better.
|Price Change 24 hours||-2.5%|
|Circulating Supply||723,701,571.80 EPS|
|All time high||$21.29|
|All time low||$0.03106|
|EPS ROI||No Data|
EPS: Tokenomics And Features
EPS token is majorly used for Ellipsis Finance in governing purposes. The primary function of its native token is to generate yield for investors to stake and earn fees from the swapping platform. EPS can also be utilized when an investor locks TOKENS to the liquidity pools, allowing them a share of the profits in the EPS coin. Ellipsis finances this by deducting a trade fee every time a user exchanges one cryptocurrency for another. Furthermore, these fees are split in half between liquidity providers and EPS stakers.
However, the disadvantage is that the newly minted EPS rewarded to investors has a vesting period of 90 days. If stakers want to withdraw the tokens before this period ends, they will be charged 50% as an early exit penalty.
There is ample news from the platform this year, as Ellipsis Finance announced in April 2022 that it was upgrading to version 2.0 of the platform. Along with this update, the native token EPS will be migrated to a new token EPX, which was designed to be an improved version of EPS. Moreover, the platform unveiled new features for EPX, along with the existing functions of the original EPS token. Holders of the new token are able to have more presence in the Ellipsis Finance ecosystem. For example, tokens are rewarded with gauge voting, where holders decide the token rewards per liquidity pool. EPS holders were able to migrate their tokens to the new EPX upgrade on 23 May.
EPS Crypto Price Prediction: Price History
Before heading towards our EPS crypto price prediction, it is vital to know its past potential and rollercoaster journey to get a rough idea about this token’s expected future prices. However, it is to be noted that price history does not guarantee our EPS crypto price prediction.
Launched on 25 March 2021, the Ellipsis token started trading in the crypto market with a value of $2.16. As the token ventured into the crypto market while it was on a bull run, EPS made tremendous highs within a few days of trading, and by the end of March, it had $750 million locked in the project. EPS saw considerable volatility on its first day as it opened at $19.45, made a high of $21.29, sank to a low of $2 and closed at $2.16 – all on 24 March 2021. Aside from this, the token made stable growth as it climbed to a high of $5.65 on 30 March, which further continued into the following month. Ellipsis witnessed its total value locked (TVL) rocket to $2.89 billion on 4 April 2021. On the same day, EPS made a high of $6.19, and its TVL climbed even further later that month to $3.46 billion. However, the token failed to continue at the same pace as EPS dropped to a low of $2.44 by the end of April 2021 and continued depreciating for the rest of the year.
The growth in the swapping platform became a victim of the Covid pandemic that thrashed the crypto market to the worst levels. By the end of 2021, the TVL fluctuated between $500m and $600m. The crypto winter in 2022 forced EPS to reach its all-time low of $0.03106 on 13 May 2022. This came after the crypto crash sent shockwaves into the decentralized finance (DeFi) market and pushed DeFi tokens into a death spiral.
EPS Crypto Price Prediction: Technical Analysis
The project analysis of the EPS crypto coin is overwhelming, and it can soon end the tears and tantrums of the current downtrend with the aim of a tremendous high in the future. However, the collapse of the crypto exchange FTX has created a black hole in the crypto market, forcing EPS’ long-term investors to liquidate massive positions and create selling pressure in the price chart. Hence, our EPS crypto price prediction aims to bring you an in-depth technical analysis using advanced indicators to identify the current market trend and guide you through a profitable investment plan.
According to CoinMarketCap, the Ellipsis token currently trades at $0.035, with a downtrend of over 2.5% from yesterday’s price. Our EPS crypto technical analysis reveals that this digital asset may soon skyrocket to new highs after a short-term bearish trend. Looking at the daily price chart, EPS’s price struggles to trade above $0.045 as it continuously faces rejection near its immediate resistance level of $0.041. The EMA-20 trend line has significantly dropped below its previous resistance level of $0.06, and EPS coin trades under the bears’ trap below $0.04. EPS coin has seen a significant liquidation and accumulation in the dip as the FTX’s collapse has brought an extreme fear zone to its long-term holders. However, Ellipsis has taken support at $0.03, from which it is making a slight upward retracement to its 23.6% Fib retracement. The Balance of Power (BoP) indicator trades in a highly negative region at 1, which may push the crypto asset to test its support level at $0.028.
However, the RSI-14 indicator trades in a potential bullish region at the level of 44, which may push the EPS to intense buying pressure ahead if it holds above its immediate support level. The MACD line continues to trade below its signal line, hinting at a negative territory for the EPS price. The SMA-14 looks promising as it has tightened its grip near the 47-level and continues its upward trend, which may ignite a short-term bullish momentum for the EPS coin. If the EPS coin breaks above its EMA-20 trend line at $0.052, it may ignite a clear uptrend to its Bollinger band’s upper limit of $0.067, above which it may trade near its strong resistance of EMA-200 at $0.12. Conversely, a further downfall is expected if Ellipsis drops below $0.03; below this price level, EPS may trigger a sharp collapse as it can trade near its Bollinger band’s lower limit of $0.015. If the price of EPS fails to hold its price above $0.013, it may continue its bearish bloodbath further and trade near $0.009.
EPS Crypto Price Prediction By BlockchainReporter
EPS Crypto Price Prediction 2022
According to our EPS Crypto price prediction for 2022, Ellipsis is predicted to attain a maximum value of $0.042 with an average trading price of $0.041. However, our technical analysis reveals that EPS Crypto can go as low as $0.040.
EPS Crypto Price Prediction 2023
Our EPS Crypto price prediction for 2023 expects a maximum trading price of $0.070, with an average trading price of almost $0.062. EPS Crypto might retrace downward with a minimum price of $0.060 by the end of 2023.
EPS Crypto Price Prediction 2024
Ellipsis boasts of developing robust and overwhelming fundamentals for the crypto community. Our EPS Crypto price prediction for 2024 predicts that the coin will continue its bullish momentum, and EPS crypto will likely achieve a maximum price level of $0.10. After that, EPS crypto might record a low of $0.086, with an average trading price of $0.89.
EPS Crypto Price Prediction 2025
Our EPS Crypto price prediction for 2025 anticipates a minimum value of $0.12 and a maximum value of $0.15. In addition, our EPS Crypto price forecast for 2025 predicts an average trading price of $0.13.
EPS Crypto Price Prediction 2026
EPS Crypto may witness an exponential rise in 2026 and bring an astronomical return on investment to its long-term holders. Our EPS crypto price prediction for 2026 expects a maximum price of $0.22 with an average trading price of $0.19. EPS Crypto may trade at a minimum value of $0.18.
EPS Crypto Price Prediction 2027
The crypto market may soon break through all of its hurdles and eliminate its current negative sentiments as it is building potential for a bullish comeback and is expected to skyrocket in the next few years. Our EPS crypto price prediction for 2027 suggests that Ellipsis may touch a maximum trading price of $0.31. Ellipsis may trade at an average price of $0.27 with a minimum value of $0.26.
EPS Crypto Price Prediction 2028
Our EPS crypto price prediction for 2028 states that Ellipsis may touch a maximum price of $0.45 and an average trading price of $0.37. The minimum value for the Ellipsis cryptocurrency is predicted to hit $0.36.
EPS Crypto Price Prediction 2029
In the upcoming years, EPS crypto may attract powerful partnerships due to its user-friendly environment and can push its price to the North. Our EPS crypto price prediction for 2029 expects a maximum price for this coin to be $0.63 and a minimum price of $0.54. EPS crypto may reach an average value of $0.56.
EPS Crypto Price Prediction 2030
Depending upon the future market sentiments and response from the community, EPS crypto can see a maximum price level of $0.97 with an average trading price of $0.81. However, the EPS Crypto coin is projected to hit a minimum value of $0.79 by the end of 2030.
EPS Crypto Price Prediction: Experts’ Opinions
According to DigitalCoinPrice’s EPS crypto price prediction, the price of EPS is expected to touch $0.0766 in 2023. By the end of the year, Ellipsis is expected to reach a minimum value of $0.0744. In addition, the EPS price may secure a maximum level of $0.0816. In 2026, EPS may experience tremendous highs as it is projected to surpass the level of $0.12. By the end of the year, Ellipsis is expected to reach a minimum price of $0.12. In addition, the EPS price is capable of getting a maximum level of $0.12.
Tech News Leader’s EPS crypto price prediction states that EPS may touch a maximum price of $0.25 in 2024 with an average price of $0.21. Moreover, EPS is predicted to surge to $2.12 in 2028. Ellipsis price prediction for 2030 anticipates it being worth $4.35.
Is EPS A Good Investment? When Should You Buy?
Ellipsis has been rallying upward after upgrading to a new version of the platform. However, this new upgrade will replace EPS with the improved EPX token and pave a smooth uptrend for the token to optimistic highs in the future. Hence EPS may be a good investment option if invested long-term. Our EPS crypto price prediction suggests a buying opportunity at $0.03 for a stable profit in the next few years.
The EPS project is overwhelming, and it has enough room to expand its sectors as stablecoin projects would benefit from using Ellipsis’ pools as they use the StableSwap protocol for swapping, which is a more efficient swap protocol for pegged tokens. The developing team behind the Ellipsis platform is actively looking for more opportunities, and the EPS token is expected to dominate the world of DeFi in the near future. However, it is advised to investors to do their own research and conduct profitable investment plans from experts’ opinions before investing in the volatile market.