The trading volume of EtherLite (ETL) is $506.03 in the last 24 hours, representing a 176.00% increase from one day ago and signalling a recent rise in market activity. The highest price paid for EtherLite (ETL) is $0.104896 , which was recorded on Jul 25, 2021 (over 1 year). Comparatively, the current price is -99.70% lower than the all-time high price. The lowest price paid for EtherLite (ETL) is $0.000049713930 , which was recorded on Nov 14, 2022 (4 months). Comparatively, the current price is 438.10% higher than the all-time low price. Market capitalization of EtherLite (ETL) is - and is ranked #N/A on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of ETL tokens (0 tokens are tradable on the market today). The community is bullish as more than 100% of users are feeling good about EtherLite (ETL) today.
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There are two schools of thought in determining the price of EtherLite.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of EtherLite, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of EtherLite from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of EtherLite on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for EtherLite as well.
HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for EtherLite and the cryptocurrency market as a whole.
2. What is the highest price of EtherLite in history?
EtherLite achieved the all-time high of ＄503.63 in 2021-07-25, and is currently trading at ＄0.97.
3. What is the lowest price of EtherLite in history?
In 2022-10-31, EtherLite reached the all-time low of ＄0.24.
4. Should I buy EtherLite now?
It is important to remember that EtherLite, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.