Blockchains will upgrade banking, education, mobile computing, social media, retail, trading, technology, entertainment, and other industries. If you get in early on promising projects, the chances of making a huge profit are great.
We have seen that the price may accumulate in the sideways for months, but when it picks up the pace, it will double, triple, or even 10x or more in just 3-4 weeks. That's how crazy the crypto bandwagon is!
Is Elite Cash Coin(ELC) a profitable asset for long-term investment?
Cryptocurrency is a fairly contemporary notion compared to other assets like gold or stock. Further, trading in cryptocurrencies is not well understood due to high volatility. Regardless, people around the globe have bounded on the cryptoverse, mainly owing to the tremendous returns it delivers. On that note, it's also essential to assess the risk before investing in any coin or token.
Since the introduction of bitcoin in 2009, many other coins have been minted over the years. Thus, cryptocurrencies witnessed popularity as a likely option to the traditional payment systems. As Elite Cash aims to develop an efficient payment ecosystem for businesses and customers, it offers much more than meets the eye.
Elite Cash (ELC) is not just a simple payment token; it is a utility token with use cases; you can use ELC to shop, save, or invest, for instance.
"There is a good chance that crypto is the future currency of the world. Then the question is, which one is it going to be? It could be multiple." - Elon Musk (an entrepreneur and business magnate)
What is Elite Cash? Brief Summary
Since ELC is built on the ETL & BSC blockchain, it will take the crypto world to the next level with its incredible features. To name a few, it is faster, has a low gas fee, and is one of the most energy-efficient cryptos to date.
The advanced in-house system includes Elite Cash Core in the form of an ELC smart contract and services accountable for keeping merchant records and balances, merchant interfaces (Merchant Web Panel, Merchant App, POS integrations and e-commerce plugins) and consumer apps (non-custodial cryptocurrency wallets).
This way, Elite Cash Core is at the heart of the system that focuses on security, scalability, and performance at the lowest possible cost.
How does Elite Cash (ELC) function?
Elite Cash Core is the central part of the system. It is a secure and transparent system for all participants. The best way to guarantee these perks is by implementing them in a smart contract on the ETL blockchain.
Core services help Elite Cash Core to communicate with the outside world. These fundamental services that are designed to be small and primarily self-contained allow greater scalability of the system.
Overall, the Elite Cash Core works with three major services.
Relays accept crypto payments from customers on behalf of the Elite Cash Core
Oracles keep track of all Relay payment addresses and notify the core when a new payment is received.
Gateways are responsible for processing merchant settlements in fiat or crypto from Elite Cash Core.
While Relays, Oracles, and Gateways remain the heart of the system, other secondary Core services maintain exchange rate monitoring, system admin trackers and notifiers, and many more.
Best time to invest in Elite Cash (ELC) token
It is a perfect moment to start investing in Elite Cash since several analyses have revealed that ELC is a significant project with enormous potential.
Looking at the features of Elite Cash, it is not too hard to find out that the ELC token is revolutionary. The current price of Elite Cash while writing this story is USD 1.5.
Since the first ICO in October 2021, the token has had great exposure. Other than that, the token will be listed on the Hotbit exchange in the first quarter of 2022. Consequently, it will give a boost to the token price.
Why invest in Elite Cash (ELC)?
Elite Cash allures users for many good reasons. Have a look at some prominent factors.
ELC is available on the Elite Cash web dashboard that supports web 3.0 functionality.
The Elite Cash token is entirely decentralized and secured.
The team has successfully developed an interoperability bridge between Binance Smart Chain (BEP-20) and EtherLite (ETL), the first-ever company to do so.
Compared to its rivals, the ELC staking program offers much greater returns on staking. It has been a talk of the town since the company has announced the ELC staking on PoS.
The project has a huge marketing budget that allows them to create a buzz in the cryptoverse. Plus, they built an adequate community in a short time.
The ELC smart contract is successfully audited, assuring that the source code works as intended without bugs or vulnerabilities.
Elite Cash Cryptocurrency Features Have a look at some of the prominent features of Elite Cash.
Elite Cash is a 100% decentralized currency, independent from all governments and central banks.
Elite Cash is a fully encrypted digital currency, ensuring the advanced-level security of all peers and transactions.
Businesses and merchants can easily adopt ELC by integrating it into their existing Point of Sale system.
Forget those days when you need to wait for minutes and hours to verify and confirm transactions! With Elite Cash, the transaction takes place within seconds.
Since Elite Cash works on the Binance Smart Chain (BEP-20) and EtherLite (ETL) blockchains, the gas fees are negligible, and transactions become faster.
Proof of Stake (PoS)
Since Elite Cash works on the proof-of-stake (PoS) mechanism, it is far less resource-intensive. Elite Cash PoS allows you to stake & earn rewards in ELC tokens.
BEP-20 to ETL Bridge
Elite Cash is the first-ever cryptocurrency to develop an interoperability bridge between Binance Smart Chain (BEP-20) and EtherLite (ETL). Transfer your ELC tokens from BEP-20 to ETL instantly!
ELC FinTech Products
Get access to Elite Cash wallet, payment card, and mobile apps. Shop with ELC and pay via scanning mQR codes to avail discounts. (Coming soon)
Since it's pretty clear that PoS uses less energy, it has less impact on our environment. Indeed, the adoption rate of PoS-based blockchains far outnumbers PoW-based blockchains.
The current markets of Elite Cash (ELC) token
The current price of Elite Cash in India is ₹120 (USD 1.5). You can directly buy ELC by visiting the Elite Cash website. All you need to do is connect your wallet, and have some USDT, ETL, or BNB to swap your tokens. The ELC token is also going live on Hotbit in February 2022. On Hotbit, you can participate in the ELC trading competition, buy and trade ELC, or simply hold your tokens.
Elite Cash Market Sentiment
A Crypto Analyst
Based on our Elite Cash project analysis and price forecast, a steady increase in the price is expected over time. The project has a long way to go with such practical utility and features. If money is invested for three to five years, the return on investment is projected to be 400% or more.
A Crypto Analyst
The project ELC is future-ready, and it will thrive due to its usefulness. Plus, the returns on ELC PoS staking are outstanding. It will certainly attract many big investors over time.
A Business Owner
This business-friendly cryptocurrency will surely rise in demand. Given the limited supply and its availability on BEP-20 and ETL, the growth in value of ELC seems promising.
In a Nutshell
Ideologically, Elite Cash focuses on bridging the decentralized commercial world with retail. ELC is also backed by additional core services that provide Elite Cash Core interface to multiple blockchains and external services. Merchant interface and ELC wallet work as the backbone of the ecosystem, supporting Elite Cash Core work better with traders and clients.
ELC has the potential to develop immensely over the next few years. Assume Elite Cash keeps to its roadmap and develops its association by implementing its Elite Cash FinTech products with other companies. In that matter, they will cover a much larger user domain, which will benefit them in grabbing immense triumph.
Cryptocurrencies are fascinating and have immense possibilities. However, it would be best if you only bought Elite Cash or any other cryptocurrency after researching completely. It is recommended to invest in Elite Cash after collecting all of the crucial facts. This way, you can make an informed decision.
This article does not constitute any financial advice, and all suggestions/recommendations in this story are for informational purposes only. Elite Cash does not bear any responsibility for your loss. Please consult your financial advisors before investing in cryptocurrencies.