Ellipsis price prediction: What is Ellipsis (EPX)?

Ellipsis is a decentralised exchange (DEX) based on the Binance Smart Chain (BSC), but in terms of crypto what is Ellipsis (EPX)? 

Let’s see what we can find out, and take a look at some Ellipsis price predictions, too.

Ellipsis explained

If a cryptocurrency is to have any value at all, then it needs to be able to be bought, sold or traded. The most common place for this to happen is on a crypto exchange. There are ultimately two kinds of crypto exchange. 

The most common is a centralised exchange (CEX). Centralised exchanges are established and run by de facto organisations. People are only able to operate with the currency pairs that the exchange lists. Furthermore, most of the time, people need to go through Know Your Customer checks before they can start operating.

The restrictions of CEXs mean that there is another kind of exchange, the decentralised exchange. Decentralised exchanges allow people to trade whatever coins and tokens they want, although they can be more complicated to use than a CEX.

One such decentralised exchange is Ellipsis. This project, which was launched in 2021 as a fork from the Curve Finance protocol, allows people to deposit tokens into liquidity pools in return for rewards.

Every blockchain-based network needs its own crypto, and Ellipsis has two, technically speaking. When the system first came out, its token was known as EPS but, in May this year, a migration took place to a new form of the token, called EPX, at an exchange rate of 88 EPX to one EPS. 

While EPS is still available to be bought, sold, and traded, its former usage of being staked in the system is now the preserve of EPX, which is why we will talk about an EPX, rather than an EPS price prediction. 

It is worth pointing out that there are no named founders of Ellipsis. While this is not uncommon in the world of DEXs, it might cause an investor who wants to be able to hold someone accountable to pause for thought.

It is also important to note that the DEX charges a fee every time someone swaps one cryptocurrency for another. These fees are split 50:50 between liquidity providers and EPX stakers. 

Ellipsis and its tokens are based on the BSC blockchain, which means that, while you will hear references to things like the EPX coin or an Ellipsis coin price prediction, these are not, technically speaking, accurate, because EPX is a token, rather than a coin.

Ellipsis price history

Now, let’s take a look at the Ellipsis price history. While past performance should never be taken as an indicator of future results, knowing what the token has done in the past can give us some much-needed context when it comes to either interpreting an Ellipsis price prediction or making one of our own.

Also, since EPX is the de facto successor token to EPS, it makes sense to take a look at what EPS did before EPX was launched, too.

EPS first came onto the open market in the spring of 2021. This was potentially a good time to launch a cryptocurrency, as the market was supremely buoyant in the wake of an upturn caused, at least in part, by United States’ Covid-19 stimulus cheques finding their way into the crypto sphere. 

This buzz surrounding all things blockchain helped the newly-launched token and, on 24 March 2021, it stood at an all-time high of $21.29. There was some inevitable decline, as the market evidently considered it to be somewhat overvalued, but although the token dropped to around $2.50 the following day, there was some recovery in early April which saw EPS reach highs of more than $6.90.

Following that, though, there was a downturn and things got worse following the great crypto day crash of 19 May 2021. Both the token and the market spent the summer in the doldrums, with mid-July seeing a period under $0.40. 

By August, things started to pick up, as a growing interest in non-fungible tokens (NFTs) helped the market recover somewhat, and the token even broke through $1 briefly towards the end of the month. Following that, though, it was all downhill, and not even early November’s news that Bitcoin (BTC) had reached new heights could stop the overall decline, with concerns over the Omicron variant of Covid-19 leading to EPS closing the year at $0.2616. 

In the first few months of 2022, EPS pretty much followed the market in a series of downturns, with issues like Russia’s invasion of Ukraine on 24 February and China’s crypto ban in early April seeing it drop to $0.1551 at the close of 3 May 2022.

It was around this time that EPX started to trade on the open market. At the start of trading on 4 May 2022, the new version of the token was worth $0.00169, but then disaster struck. Shortly after EPX emerged, the UST stablecoin became depegged, which caused the collapse of the associated LUNA cryptocurrency. 

The market entered a state of turmoil and, on 12 May, EPX dropped to a low of $0.0007107. There was some recovery after this, though, and, with the news that Binance had completed its migration from EPS to EPX, the token hit an all-time high of $0.003523 on 23 May 2022. 

The good news could not last and June saw more crypto crises, with the news that the Celsius crypto lending platform had cancelled withdrawals confirming that cryptocurrency was in a bear market. 

This caused the price of EPX to collapse to an all-time low of $0.0004593 on 18 June. Following that, though, there was some better news, as the token made a slow recovery to close the month at $0.0005342 and end July at $0.0007218. By 8 August, the token had dipped somewhat and was trading at about $0.0007044 that day.

After that, the token continued its decline, falling to $0.0003952 on 19 September. Things then turned around after that, though, and the token suddenly shot up, growing by around 70% over the course of 24 hours or so. By the afternoon of 20 September 2022, EPX was worth about $0.0006504.  

While EPX had a maximum supply of 132 billion, neither CoinMarketCap nor CoinGecko – usually the two most reliable crypto data websites – had an active circulation figure for EPX.

That said, it might be worth pointing out that EPS is still available to trade on certain exchanges. On 20 September 2022, it was changing hands at $0.16 and there were 723,701,571.80 EPS in circulation out of a total supply of 723,701,572. This gave the token a market cap of $114.8m, making it the 171st-largest crypto by that metric.

Ellipsis price prediction

With that all said and done, let’s take a look at some Ellipsis price predictions. It is important to note at this stage that price forecasts, especially when it comes to a commodity as potentially volatile as cryptocurrency, are often wrong. Furthermore, long-term crypto price predictions are often made using an algorithm, which means that they can change at a moment’s notice.

First, when it came to making an Ellipsis crypto price prediction, at the time of writing on 20 September 2022 CryptoPredictions.com said that EPX could close this year at around $0.00076. By September 2023, the site suggested that the token might be worth $0.00089, before potentially achieving just over $0.0013 in September 2024.

The site made an Ellipsis price prediction for 2025 that saw the token possibly start the year at $0.00141 before reaching $0.001558 in September and closing the year at a shade over $0.0016. In 2026, the site thought it possible that EPX could reach $0.00172 in August before closing the year at about $0.001758.

Next, CoinArbitrageBot had an Ellipsis price prediction for 2022 that saw it reach $0.0009909 in 2022 and $0.001764 in 2023. The following year, the site argued that EPX might be worth $0.00289, before potentially trading at $0.004618 in 2025. How much you trust this forecast will depend a lot on whether you believe that EPX can rise by around 50% by the end of the year.

Meanwhile, DigitalCoinPrice made an EPX price prediction that saw the token at $0.000816 this year before experiencing some long-term price growth that would suggest it may reach $0.00253 in 2025. Following that, though, the site predicted a drop in the token’s price to $0.00220 in 2026, before a possible recovery to $0.00309 the following year.

The site went on to say that EPX could be worth $0.00433 in 2028 and close the decade at around $0.00621. The site went on to make an Ellipsis price prediction for 2030 that saw the token at around $0.00870, before possibly rising to $0.0118 in 2031.

Finally, Gov Capital was far more gloomy when it came to making an Ellipsis token price prediction. The site suggested that the token could drop to $0.000194 by 1 October, and continue on a downward trajectory to get to a price so low as to be virtually worthless by 23 October 2022. There would be little hope for a recovery in the longer-term, either, with the site’s Ellipsis price forecast for 20 September 2023 seeing it come in at $0, making EPX a de facto dead coin. 

When considering an EPX token price prediction, it’s important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or token’s price will be in a few hours, and even harder to give long-term estimates. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.

If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns, and never trade with money that you cannot afford to lose.

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