Elongate Crypto is a BSC-based cryptocurrency that is primarily aimed at social impact movements. This crypto’s purpose is to apply blockchain technologies in order to make a beneficial social impact. Elongate has been in the news a lot lately due to huge social media interference. This was one of the leading coins in the market. Elongate is a fork of the popular cryptocurrency, Litecoin. Here in this detailed article, we will discuss Elongate price, news about it, and many more.
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The advent of the Elongate Crypto:
The backstory of ElonGate Crypto development is quite interesting. Dogecoin fan and Tesla CEO Elon Musk have a hand in its creation. Emergent as a meme, this cryptocurrency now holds an important spot in the industry.
It all started when Elon Musk tweeted that if he were ever involved in a scandal, it would be called “Elon Gate.” And unsurprisingly, someone saw this as an opportunity to create a cryptocurrency by the same name. The company was lawfully created as a corporation in July 2021, but the token began trading on PancakeSwap as a crypto asset in July 2021.
ElonGate Crypto & How It Works:
The total supply of Elongate Crypto is 100,000,000 and the circulating supply is currently 60,606,706. Elongate can be staked in order to earn more Elongate. Elongate holders can also vote on which social impact movements the company should support. The Elongate team has a very active social media presence and is always updating the community on their progress. The leadership that governs the ElonGate ecosystem includes Alexander Gambon, its Chief Brand Officer, and Hasan Aziz, its Chief Operations Officer. They are both great crypto enthusiasts with a lot of experience in the field. The coin is a project with a lot of potentials and we will definitely be keeping an eye on it.
Elongate Crypto Price:
The current ElonGate crpto price is $0.000000010780, and it has traded for a total volume of $6,048.31 in the past 24 hours. The coin’s value decreased by -3.2% during that time frame. There are currently 0 ELONGATE coins in circulation and one Quadrillion maximum; PancakeSwap (v2) appears to be the most popular trading platform right now.
On May 10, 2021, ElonGate hit an all-time high of $0.000000861034.
On June 6, 2021, the price of ElonGate dropped to $0.000000000065 for the first time in its history.
Future ElongGate Crypto Price Predictions:
Recent events prompted by tech entrepreneur Elon Musk have a significant impact on Elongate’s 2022 price prediction. Elongate, which forked from Litecoin in mid-July, is a social media-based cryptocurrency that has seen a lot of price action in a very short period of time.
The reason for this sudden increase in activity was not due to user interest or the benefits of the token. Elongate’s price spiked because of a single tweet from Musk on July 15th. A speculative purchase like cryptocurrency is short-lived, and it’s likely that Musk himself is not interested in investing in this.
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If any celebrities invest in this coin in the future, it is possible that the value will increase. Elongate’s price could potentially rise to $0.00002000 by the end of 2022. However, it is more likely that Elongate will crash and become worthless in the next few months.
The ElonGate ecosystem is set to bring out its collections of NFTs, Development Grants, Hackathon, Smart Contract upgrades, and E-Commerce integrations.
What is Elongate’s Social Media Impact?
Elongate’s social media presence is growing rapidly. The company is very active on Twitter, and its tweets often receive a lot of engagement. Elongate’s official Twitter account has over 50,000 followers, and their posts are often retweeted by crypto trading influencers.
Elongate Crypto is also active on Telegram, and their Telegram group has over 20,000 members. Elongate’s social media presence is one of the main reasons why the company’s price has been volatile in recent weeks.
Elongate’s social media impact is significant because the company uses social media to communicate with its community and promote its project.
Where to Buy ElonGate Crypto:
Elongate is available to purchase on a variety of cryptocurrency exchanges, including Binance, Upbit, Huobi Global, and Gate.io. It is also possible to purchase Elongate on decentralized exchanges such as PancakeSwap and Uniswap.
It will be interesting to see whether or not these various Elongate crypto Price predictions turn out to be accurate because the system is broader and focuses primarily on social good, it will be fascinating to see whether these variables aid in increasing the cryptocurrency’s popularity over time.