Ellipsis (EPS) crypto is a unique platform that can be used for stable coin swapping at low slippage rates. Operating as an authorized fork of Curve Finance, the Ellipsis crypto allows the veCRV holders to receive 25% of the airdropped token supply.
Ellipsis is a decentralized exchange that enables swapping of stable coins with low slippage on Binance Smart Chain
The users can utilize its governance token, EPS, for various use cases within the network. Besides, the users get a chance to earn passive income through staking of the protocol. In this piece, we also take a look at an Ellipsis Price Prediction for the coming years.
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Ellipsis price prediction
What is Ellipsis?
Ellipsis Finance launched last year to allow investors to securely swap tokens on the Binance Smart Chain with little slippage. It has recently started implementing a new upgrade for it to continue achieving this goal.
Ellipsis Finance originated as an “authorized fork” from the Curve Finance protocol. This new project allows users to swap coins on the Binance Smart Chain, which it claims is secure and has low slippage.
The ecosystem uses a pool system that is similar to Pancake Swap and Uniswap. Investors can stake tokens into these pools, which provide liquidity for users wanting to swap their tokens.
Launching as a fork from the Curve Finance protocol has proven to have its advantages. Its 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.”
However, in exchange for this agreement, holders of Curve’s veCRV token will receive 25% of the total supply of Ellipsis tokens, which were airdropped over the past year.
Overview of Ellipsis
Using Ellipsis, one can take their stable coins to the trading platform and exchange them for others. Ellipsis offered only three different swaps when it launched. Now, users can choose to swap some 16 different stable coins. A stable coin is a digital currency pegged to a real-world Fiat currency.
This network distinguishes itself from others by offering three different types of pools through which one can earn passive income. The first; base pools are the same pools of paired assets one would find in any other De-Fi protocol. The second; meta pools allow one to pool tokens with entirely separate base pools.
The third, however, factory pools are “permissionless pools” which anybody can make and operate. A lot of bullishness is coming to the Ellipsis network this week particularly because of these factory pools.
In addition to recent bullishness, is chatter over De-Fi projects in general, especially those on the Binance Smart Chain. Crypto Rank, a crypto data sharing site, recently aggregated the top De-Fi platforms on the Binance Smart Chain. Ellipsis is the fifth-largest of these protocols in less than one year. As of right now, the network has about $630 million in total value locked.
With the launch of these bespoke factory pools and the general bullish sentiment around the fast-growing platform, Ellipsis has been able to grow quite a lot. Investors seem to be pouring into the token as well.
EPS is the native token on the Ellipsis platform. It is regarded as a revenue earning token, which will primarily benefit liquidity providers and EPS stakers. It is a bit like Cartesi (CTSI) or even Status (SNT) in that it has utility as a crypto asset.
The main use of its native token is for investors to stake it and earn fees from the swapping platform. It can also be utilized when an investor locks in tokens to the liquidity pools, making them eligible for a share of the profits in the EPS coin.
Ellipsis finances this by charging a trade fee every time a user exchanges one cryptocurrency for another. These fees are split in half between liquidity providers and EPS stakers. However, the drawback is that the newly minted EPS rewarded to investors has a vesting period of 90 days. If receivers want to withdraw the tokens before this period ends, they will be charged a 50% early exit penalty.
How Ellipsis works
Ellipsis works pretty much like Curve. The project aims to provide the trading between stable coins with the lowest slippage possible. Ellipsis does this by using two types of liquidity pools:
- Base pools: 3Pool (BUSD-USDC-USDT), btcEPS (BTCB/renBTC).
- Meta pools: 3Pool + 1 additional asset.
Meta pools allow one token to be swapped to any of the tokens in the 3Pool. For example: A meta pool can be DAI – 3Pool.
Liquidity providers only need to deposit DAI into the pool, and users will be able to swap from DAI to any token in the 3Pool (BUSD, USDC, or USDT). This model has a number of benefits:
- Focus is only on a few main pools which increases the liquidity of those pools and avoids shading liquidity.
- Stable coin projects can easily provide liquidity regardless of their low liquidity. This encourages other stable coins to be added into Ellipsis liquidity pools, which eventually increases the chance of Ellipsis being able to provide access to every stable coin.
- Increase the trading volume, therefore increase the trading fees that liquidity providers can earn.
Ellipsis price Chart
The Ellipsis swapping platform and its token saw impressive initial growth after it launched in March 2021. Towards the end of the month, $750m of funds was locked into the crypto project.
EPS saw considerable volatility on its first day, according to CoinMarketCap, where it opened at $19.45, rose to 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 saw steady growth as it climbed to a high of $5.65 six days later on 30 March. This surge continued into the following month. Ellipsis saw its total value locked (TVL) rocket to $2.89bn on 4 April. On the same day EPS reached a high of $6.19.
While the TVL climbed even further later that month to $3.46bn, the token did not see the same trend. EPS dropped to a low of $2.44 by the end of April and continued depreciating for the rest of the year. The growth in the swapping platform eventually fell victim to the same bearish pattern. By the end of 2021, the TVL was fluctuating between $500m and $600m.
EPS reached its all-time low of $0.09438 on 13 May 2022. This came after the crypto crash that sent shockwaves into the decentralized finance (De-Fi) market. Ellipsis currently stands at $0.17 USD with a market capitalization of $120,903,269, making it rank 157 in the most valuable coins list. EPS has a 24-hour volume of $1,927,690, according to Tech News Leader Price Index.
The price of Ellipsis has changed -1.91% in the previous 24 hours. In last 7 days, the price of EPS has a change of -9.75%. It is limited to a maximum supply of 723,701,572 coins.
Ellipsis Price Prediction
Ellipsis price predictions model has been created with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project.
This guide will offer you a sense of the Ellipsis price prediction for 2022-2030 and its projected growth from technical analysis to fundamental price history. At the end of this review, a clear picture will emerge as to what the future holds in terms of whether there’ll be a price rise.
All the historical data for Ellipsis is collected which includes multiple parameters like past price of Ellipsis, Ellipsis market cap and Ellipsis volume.
If you are looking to invest in digital cryptocurrencies and want a good return on your investments, make sure to proceed in this read to get a good understanding of the ontology price and predictions.
Before we even start this, I should clarify that past performance is not indicative of future results, and you should always approach trading with a set of fundamental principles that guide your trades. Historical data and technical price analysis help but they are not always conclusive. That being said, we have to acknowledge that crypto prices are arguably the hardest ones to predict because they are complex instruments we are still learning about. That shouldn’t stop you from taking into account experts’ opinions and forecasts when investing because they may give you a different perspective concerning factors that may affect future price forecasts of the cryptocurrencies.
Although we have Ellipsis EPS price prediction information, this is not indicative of Ellipsis price forecast.
This is not investment advice and you will be better off doing your own research before getting involved with the crypto market. If possible, talk to your financial advisor if you intend to invest in the crypto market because if you get it right, historical price analysis can help.
Ellipsis Price Prediction 2022
The majority of experts agree that this bear market will last at least for the first quarter of 2022 before we see some stabilization and small trend reversals.
According to the Ellipsis forecast price and technical analysis, in 2022 the EPS price is expected to cross an average price level of $0.15. The expected minimum price value of Ellipsis is $0.14 while the maximum price level is $0.16.
Ellipsis Price Prediction 2023
According to the ellipsis price prediction, the EPS price is expected to cross an average price level of $0.22. The minimum price value of Ellipsis is expected to be $0.21 and the maximum price level to be $0.25.
Ellipsis Price Prediction 2024
There are signs that the crypto market is about to enter a new age. Certain that the long-term price prediction for EPS’s price will soar since there is still optimism that the currency will attract much more attention. The year 2024 can end with an average price of $0.31 and a minimum price of $0.30. The maximum price value is expected to be around $0.36.
Ellipsis Price Prediction for 2025
Volatility drives the cryptocurrency market. Today, it is not easy to forecast and keep up with the current pricing. Many crypto analysts come into play in this regard. The pricing forecasts are correct for the mentioned years. Crypto consumers are still concerned about the crypto bans and new restrictions. Ellipsis price may cross $0.46 if the market sees a good bull run in 2025. Given that it is expected to be held by long-term investors, its average trading price for 2025 will be around $0.43.
Ellipsis Price Prediction 2026
In the opinion of this prediction platform, Ellipsis will steady at its current price for a very long time to come. By 2026, the EPS is expected to be worth a maximum value of $0.74. The minimum price is expected to be $0.64 with an average trading value of $0.66 if the market gets bullish.
Ellipsis Price Prediction 2027
Ellipsis present price range might interest many traders. Ellipsis price value can reach $ 1.11 by 2027 with substantial cooperation with financial institutions. The average forecast price is $0.93 with a minimum value of $ 0.91,it can beat the latest price trend to reach new highs.
Ellipsis Price Prediction 2030
As DAPPs and stable coins develop, the network offers competitive programmable payment, logistics, and storage options. There is a chance that the average price of EPS will rise to about $2.89 by 2030 if more investors are attracted to the idea. For 2030, the year can end with an maximum price of $3.39 with a minimum price level of $2.79.
Is Ellipsis (EPS) a good investment?
Ellipsis’s value is expected to continue to expand, as shortage tends to encourage price rise. Ellipsis has recently been rallying after updating to a new version of the platform. However, this new upgrade will replace EPS with the improved EPX token. It is imperative that investors conduct thorough research before reaching a decision to purchase Ellipsis.
Should I invest in Ellipsis?
It depends. Ellipsis has partnered with the Curve Finance protocol to give investors a secure place to swap cryptocurrencies on the Binance Smart Chain. However, the TVL on the platform and its EPS has been on a long-term bearish trend. Ultimately the decision to invest rests with you. Investors should always do their own due diligence before purchasing any token.
Ellipsis seems to be in its infant stages however, there’s a lot of potential in the foreseeable future. Ellipsis aims to enable stable coin swapping at low slippage rates in a cost efficient and reliable manner.
Although the analysis indicates that Ellipsis EPS upward trend momentum will continue, the future price is also subject to market forces that often dictate how cryptocurrencies will perform. That being said, you should not ignore the fact that the market, particularly that of cryptocurrencies is inherently volatile. I hope that this Ellipsis price prediction was of help to you.
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David Fortune has been the editor NoBSIMReviews.com since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.