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The EPS token, in particular, serves as the foundation of Ellipsis Finance. Its native token is mostly used by investors to stake it and receive commissions from the swapping platform. It can also be used when a shareholder locks in tokens to the liquidity pools, qualifying them for a portion of the EPS coin’s revenues.
Every time a user exchanges one cryptocurrency for another, Ellipsis charges a trade fee. Both EPS stakers and liquidity providers share in these expenses equally.
The newly created EPS awarded to investors does, however, have a 90-day vesting time, which is a disadvantage. Receivers will be assessed a 50% early departure fee if they choose to withdraw their tokens before this time frame has passed.
established last year to enable investors perform slipstream-free, safe token swaps on the Binance Smart Chain. To continue reaching this goal, it recently began deploying a new upgrade.
The platform’s EPS token, however, will be moving to a new coin with the ticker code EPX in this second edition. What might happen to the EPS coin given that both EPS and EPX have primarily been in a downtrend? What does that imply for a price prediction using the Ellipsis indicator?
An “authorised fork” from the Curve Finance protocol gave rise to Ellipsis Finance. Users can now transfer coins on the allegedly safe and low-slippage Binance Smart Chain thanks to this new project.
The ecosystem makes use of a pool structure akin to Uniswap and PancakeSwap. These pools, which offer liquidity for users looking to swap their tokens, can be staked with investors’ tokens.
The benefits of starting as a fork of the Curve Finance protocol have been established. According to its whitepaper, “The Curve Finance team will support the Ellipsis team and will commit to Curve Finance key values: a trustless and decentralised architecture, zero deposit or withdrawal fees, no liquidity lock-ups, and incredibly efficient stable coin exchanges.”
Holders of Curve’s veCRV token, however, will get 25% of the total quantity of Ellipsis tokens, which were airdropped throughout the previous year, in return for this agreement.
After its March 2021 launch, the Ellipsis trading platform and its token had significant initial growth. By the end of the month, 750 million dollars had been committed to the cryptocurrency initiative.
According to CoinMarketCap, EPS’s first day had a lot of volatility. On March 24, 2021, it started at $19.45, went as high as $21.29, as low as $2, and as high as $2.16. Aside from this, the token experienced consistent increase as it grew to a high of $5.65 on March 30th, six days later.
This uptick persisted until the subsequent month. On April 4, 2021, Ellipsis’ total value locked (TVL) soared to $2.89 billion. A high of $6.19 was set by EPS on the same day.
Later that month, the TVL increased even further, reaching $3.46 billion, but the token did not follow the same pattern. By the end of April 2021, EPS had declined to a low of $2.44 and had been declining ever since.
Eventually, the expansion of the switching platform succumbed to the same negative pattern. The TVL was ranging between $500m and $600m by the end of 2021.
On May 13, 2022, EPS fell to an all-time low of $0.09438. This happened following the cryptocurrency crash, which rocked the decentralised finance (DeFi) market.
In April 2022, Ellipsis Finance made a platform upgrade announcement that it was moving to version 2.0. This update was accompanied by information on a new token with the ticker EPX. This was intended to be a better iteration of EPS.
Along with the already-existing capabilities of the original EPS token, new features for EPX were also disclosed. The new cryptocurrency gives holders more control over the Ellipsis Finance ecosystem. For instance, when holders vote to determine the token rewards for each liquidity pool, they are rewarded.
On May 23, EPS owners had the option of moving their token to the new EPX upgrade. Over the course of 2022, EPS generally declined; as of July 26, 2022, it was trading at $0.1826.
On June 18, EPX reached an all-time low of $0.0004593; today, it is trading at $0.0005358, up barely 16% from the low.
But after the migration is finished, does it still have a future? Let’s examine the Ellipsis price forecast.
There have been various negative EPS price prediction estimates due to the exchanging token’s long-term unfavourable tendency. With the token anticipated to fall to $0.01 in a year, WalletInvestor labels it a “poor” investment for the coming year. According to its Ellipsis price forecast for 2025, it will fall even further, reaching $0.009.
The Ellipsis cryptocurrency price forecast from DigitalCoinPrice predicts a slow increasing trend but rules out a new all-time high. According to the site’s Ellipsis coin price projection, the token will not cross $1 again this decade but is predicted to reach $0.36 in 2025 and $0.83 in 2030.
PricePrediction.net has a significantly more optimistic outlook for EPS’s future. According to the Ellipsis price forecast for 2022, it will typically cost $0.15. After that, it will increase over $1 in 2028 and reach $2.89 in 2030.
The most optimistic prediction for the Ellipsis coin comes from TechNewsLeader, which projects that it will increase from $0.24 in 2022 to $2.12 in 2028. According to the Ellipsis price estimate for 2030, it will be valued $4.35.
According to CoinMarketCap, there are 723.7 million EPS in use as of July 26th, with a one billion EPS maximum supply (72%).
It could be. Following a platform update to a new version, Ellipsis has been on the upswing. The enhanced EPX coin will take the place of EPS with this new upgrade.
Before deciding to buy Ellipsis, investors must undertake extensive independent research of their own.
Depending on the forecaster you talk to, different ellipsis price projections will be made. While TechNewsLeader predicts the coin will eventually surpass $4, WalletInvestor predicts it will eventually drop to $0.01. You should never invest more in tokens than you can afford to lose because they can be volatile.
It varies. For investors to exchange cryptocurrencies on the Binance Smart Chain in a secure environment, Ellipsis has teamed with the Curve Finance protocol. The platform’s TVL and EPS, however, have been on a protracted downward trajectory.
The final say on whether to invest belongs to you. Before buying any coin, investors should always conduct their own due research.