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Ellipsis Finance digital currency

Ellipsis Finance digital currency

The cryptocurrency project Ellipsis Finance was launched last year to allow investors to securely trade tokens on the Binance smart chain with minimal slippage. It recently started implementing a new upgrade to continue achieving this goal. However, this second version of the platform includes its cryptocurrency EPS, which migrates to a new digital currency called EPX. With both EPS and EPX largely down, what could happen to the EPS token? And what does this mean for EPS price forecasts?

What is (EPS)?

Ellipsis Finance originated from the Curve Finance protocol. The new project allows users to exchange coins on the Binance smart chain, which it claims is secure and has little slippage. This ecosystem uses a pool system similar to PancakeSwap and Uniswap. Investors can share tokens in these pools, which provides liquidity for users who want to exchange their tokens.

EPS token

One of the cryptocurrencies featured in Ellipsis Finance is the EPS token. The main use of its native token is for investors to share it and receive fees from the exchange. It can also be used when an investor locks tokens in liquidity pools, making them eligible for a share of the profits in the EPS token.

Ellipsis finances this by charging a transaction fee every time a user exchanges one cryptocurrency for another. These fees are split in half between liquidity providers and EPS shareholders. However, the drawback is that the fresh EPS awarded to investors has a 90-day period. If the recipients want to withdraw the tokens before the end of this period, they will be charged a 50% early withdrawal penalty.

EPS price history

The Ellipsis exchange platform and its token saw impressive initial growth after launching in March 2021. At the end of the month, $750 million in capital was locked into the crypto project.

According to CoinMarketCap, EPS saw significant volatility on its first day. The token opened at $19.45, reached a high of $21.29, dropped to a low of $2, and closed at $2.16. Apart from this, the token saw a steady growth as it reached an all-time high of $5.65 on March 30, six days later, and continued this rise into the following month.

  EPS fell to $2.44 by the end of April 2021 and continued to decline until the end of the year. The growth of the exchange platform eventually fell victim to the same bearish pattern. By the end of 2021, TVL fluctuated between $500 and $600 million.

EPS hit a low of $0.09438 on May 13, 2022. This came after the crypto crash sent a shock wave into the decentralized finance (DeFi) market.

New upgrade

Ellipsis Finance announced in April 2022 that it is upgrading to version 2.0 of the platform. Along with this update, news of a new token called EPX was released. It is designed as an improved version of EPS.

New features for EPX are unveiled along with existing functionality of the original EPS token. New token holders can have a greater say in the Ellipsis Finance ecosystem. For example, they are rewarded for meter voting, where holders determine token rewards for each liquidity pool.

EPS holders were able to transfer their tokens to the new EPX upgrade on May 23rd. EPS has largely declined in the remainder of 2022, and as of July 26, 2022, EPS is trading at $0.1826.

EPX hit an all-time low of $0.0004593 on June 18, but is currently trading at $0.0005358. (only 16% compared to the lowest time in history)

EPS price prediction

The long-term downtrend experienced by the exchange token has led to some pessimistic EPS price forecasts. WalletInvestor calls it a “bad” one-year investment, with the token expected to drop to $0.01 in a year. The Ellipsis price forecast for 2025 says it will go even lower to $0.009.

Ellipsis fees and safety 

A small fee of 0.04% is charged for each transaction on the platform. Half of this fee is divided equally among all liquidity providers as a bonus. 

In addition, Ellipsis smart contracts on the Binance Smart Chain use a secure multi-sign mechanism.

Smart contracts are just like regular contracts. However, these agreements are implemented in the form of protocols rather than being set on paper.

 In this way, no single entity can perform a malicious action on the protocol. 

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EPS trading method 

If a digital currency is to have value, it must be able to be bought, sold, or traded. The most common place for this to happen is on a crypto exchange. Finally, there are two types of crypto exchanges. Ellipsis cryptocurrency is available on cryptocurrency exchanges such as Binance, Kocoin, Mandala Exchange and Crypto.com.

The most common is a centralized exchange CEX. Centralized exchanges are created and operated by actual organizations. People can only work with currency pairs that the exchange lists. 

The limitations of CEX mean that there is another type of exchange, the decentralized exchange. 

The Ellipsis network allows users to adjust their trade slippage up to 0.5%. This is better than many of the most popular DEXs on the market. 

Price forecast (EPS) 2023-2030

It is difficult to predict the future price of Ellipsis because it depends on many factors, including the performance of the Ellipsis network, global economic conditions, the stock market and the price of other digital currencies.

However, if Ellipsis as a project continues to grow at its current rate, it is possible that the valuation for EPS could easily return to its prime, and possibly even surpass it. Keep in mind that these are mostly speculations.

 EPS price forecast in 2023

Many analysts have made Ellipsis price predictions for 2023, and the general consensus is that Ellipsis prices will continue to rise. This is based on a number of factors, including the increased use of the Ellipsis blockchain, the growing popularity of crypto, and the overall positive outlook for the global economy.

While it’s impossible to say exactly what the Ellipsis price will be in 2023, most experts agree that it has the potential to reach new heights. More realistically, we can expect the price of Ellipsis to reach $0.25 to $0.27 by the end of 2023.

EPS forecast in 2024

If the oval continues to grow, we could easily see its widespread adoption. Our price forecast for 2024 is as conservative as possible so as not to mislead you.

It seems that by the end of 2024, the price of Ellipsis will reach at least $0.31. 

EPS forecast in 2025

According to many Ellipsis enthusiasts and their price forecasters, the EPS price may rise significantly in the trading range between $0.40 and $0.42. 

Keep in mind that this year could be the year we see another bear market, in which scenario the price could fall as much as 80%, resulting in a price valuation for EPS of around $0.05.

However, the most realistic expectation is for a midpoint of these price levels. With widespread adoption, the idea of ​​EPS as a cheap and convenient digital asset may become a reality.

For this scenario, we also need to consider that the Ellipsis network can be significantly expanded and developed. In that case, prices could even go as high as $0.45, but that’s very ambitious.

EPS forecast in 2026

Keeping our conservative approach, we are not trying to make ridiculous price predictions for Ellipsis. Although many believe that EPS will be at least $0.51 by 2026, we would beg to differ.

2026 isn’t really that far away, but cryptographically, it is. We believe that Ellipsis will be valued between $0.48 and $0.53.

EPS forecast in 2027

As the years go by and Ellipsis continues to expand and prove its usefulness, we can easily see it grow in evaluation as well.

We mean that EPS is estimated to be around $0.56 to $0.6. We think that the lower range of our price forecast will be more accurate than the higher range. However, as we all know, the crypto market is quite unpredictable, so we have to wait and see.

EPS forecast in 2028

In 2028, if Ellipsis enters the market with new projects and experiences more adoption, we could see the price reach $0.64-$0.71.
We hope this project will continue to develop and attract digital currency users. Otherwise, it may lose more of its value by 2028.

EPS forecast in 2029

In the last year of the decade, we believe that cryptocurrencies are, for the most part, entrenched. What we mean is that tokens will no longer be something unusual. Not only crypto but also all kinds of crypto projects – NFTs, dApps, etc.
As such, it looks like Ellipsis will easily move from around $0.75 to $0.79.

EPS forecast in 2030

Some experts have predicted that the price of Ellipsis will reach $0.9 by 2030. This will be a significant increase from its current price of around $0.185. However, it’s important to remember that Ellipsis is growing, and so is its adoption, usefulness, and potential.

How and where to buy EPX?

Step 1: Sign up with Coinbase.

As Binance is increasingly regulated in different countries, you can now easily buy Bitcoin or any other digital currency with your fiat currency instantly with Binance! It’s really simple and no instructions are required. After buying your first cryptocurrency, you can simply skip to step 3 of this guide and continue.

Step 2: Buy ETH with fiat currency.

After completing the KYC process, you will be prompted to add a payment method. Here you can choose to provide a credit card.
Now you’re ready, on the “Transact” page under the “From” field, select your fiat currency, then in the “To” field, select Ethereum, click Preview to check the transaction, and if everything looks good, click Confirm click.

Step 3: Transfer ETH to Altcoin Exchange.

But we are not done yet. Since EPX is an altcoin, we need to transfer our ETH to an exchange where EPX can be traded. Here we will use Binance as the exchange. Binance is a popular exchange for altcoin trading and has a large number of tradable altcoin pairs. Use the link below to register a new account

Frequently Asked Questions

In the following, we answer frequent questions in this area.

How many EPS are there?

According to CoinMarketCap, as of July 26, there are 723.7 million EPS in circulation and a maximum supply of one billion (72%).

Will the price of EPS go up?

Oval price predictions vary depending on the forecaster you consult. WalletInvestor expects the token to eventually drop to $0.01, while TechNewsLeader suggests it will go above $4. Tokens can be volatile, so you should never invest more than you can afford to lose.

Is Ellipsis a good investment?

Considering all the above, EPS seems to be a very promising investment. So the price predictions for EPS are extremely positive, mainly because the token has a lot of potential.
Of course, as with any investment, there is no guarantee that EPS will reach the projected price. However, if you are looking to invest in cryptocurrencies, EPS is definitely worth checking out.

final word 

Ultimately, the decision to invest is yours. Investors should always do their due diligence before purchasing any token.                                                 
The price of EPS digital currency seems to be bullish at the moment and if it continues this momentum, it may see a price increase in the future. 

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