Aelf (ELF) is respectfully one of the rare currencies in the market today that is going up against the dollar, and by over 16% in the last 24 hours. As the market is trying to break loose from trading in the red, we can see some improvements among our favorite digital assets. However, we can still see a great portion of assets going down against the dollar. One of the things that might have something to do with the latest progress of ELF in the market is the fact that ICONOMI just decided to add Aelf for the pleasure of both, the team behind ELF and ICONOMI customers.
Aelf Gets Added to ICONOMI
ICONOMI tweeted via their official Twitter account that they have made ELF their fourth currency as they just added this currency to their platform. The tweet was originally posted on May 17th, two days ago and was then re-tweeted by Aelf (ELF).
ICONOMI represents a platform that is focused on creating a new and diverse blockchain-based ecosystem that would promote digital economy. They claim to be the perfect environment both for beginners and experienced investors, meaning that both targeted groups can take the best out of ICONOMI and its native currency ICN.
ICONOMI claims that the future of the digital economy is actually mirrored in the power of digital assets and so the team behind ICN came up with DAA, Digital Asset Arrays.
With this function, the team behind ICONOMI enables different combinations of various digital assets that can be offered to the crypto community in the search for supporters.
DAA has the goal to lower the risk of losing investment by creating a perfect combination of assets, as well as enable optimal growth of the chosen coins in the market.
As you come up with your own combination of available coins, you can then seek for supporters and have them support your Digital Asset Arrays, then split the profit in order to make up for their support.
Since Aelf has been added to ICONOMI network, that means that ICN users and DAA supporters can now add Aelf to their DAA of choice starting from May 17th.
Besides from Aelf (ELF), you can find Bitcoin Cash, Ethereum, Bitcoin, Dash, Civic, Binance Coin and over 50 more coins, including EOS and ION.
This case in a way could surely aid Aelf in the following rebound which seems to be already taking off since ELF went up by over 16% against the dollar in the last 24 hours.
Aelf and the Market
The market has been acting a bit sluggish for a past couple of days, showing a pretty volatile state in the market. That is how during the last couple of days, we could see the majority of coins dropping against the dollar only to rise back up for a brief moment before going back down in the red, all during the course of no more than 48 hours.
In the last 60 days, Aelf (ELF) has managed to collect an amazing total of 120% of gains, which was a pretty good progress in the market, considering that not many of the top coins managed to pull that off during the course of the last two months.
In the last 30 days, ELF has also managed to collect 25% of gains against the dollar, which although lower than the previously described increase is still a solid result in the course of the last month.
However, ELF has gone down by -23% against the dollar, that way entering the red zone as noted in the last 14 days. It also showcased a case of the plummeting market in the course of the last 7 days as it went down against the dollar by 5.3%.
Moreover, on the matter of ELF in the market, this currency got a way of redeeming itself to its faithful holders as it went up by over 16% in the last 24 hours, although the market is still showing a mild dose of sluggishness.
In addition to currently going up against the dollar, Aelf is also trading up in the green in oppose to Ethereum and Bitcoin, that is how ELF is going up by 13.09% against BTC while it is trading in the green against ETH by 10.73%.
That means that ELF is respectfully doing significantly better in oppose to its top peers.
Following the latest change in the market, ELF has gone up by 16.10% against the dollar, which means that Aelf (ELF) can now be traded at the price of 1.33$ per one unit.