Just like internet memes skyrocketed in popularity in the social media world, memecoins soared in the online crypto sphere in no time at all. Some of the most talked about projects in the cryptocurrency world are memecoins, such as Dogecoin and Shiba Inu. No wonder, many more memecoin projects emerged soon after.

What about Elongate? The social impact coin has seen investors flocking to it amidst recent controversies, but is it sustainable in the long term? This article presents a detailed Elongate price prediction and the factors affecting the ELONGATE price (its ticker symbol is capitalized) down the line.

Elongate Coin Price Prediction 2022

A complete Elongate price prediction is covered later in this post, but for now, take a look at a quick summary of our ELONGATE cryptocurrency price prediction given below:

  • End of 2022: The ELONGATE token price is down by around 98% since its May 2021 peak at the time of writing. Our Elongate price prediction, however, projects that the token might hit $0.00000035 by the end of 2022 if the market resumes its upward trend, and the coin sustains its social media popularity.
  • End of 2023: As is typical with memecoins, Elongate will have to rely on more than the short-lived hype for promising development. With fairly varied products and token use cases, and a handsome community backing, our Elongate coin price prediction pegs EG’s price possibly at the $0.00000080 level by the end of 2023 if the crypto market sees a bullish uptrend.
  • End of 2030: By the end of the decade, larger macroeconomic factors and the coin’s utility curve could be more at play. If the positive market sentiment lingers on, ELONGATE coin could reach a peak of $0.000003 by 2030, or if it fails to deliver on its roadmap it will die as many altcoins do – proceed with caution.

Elongate Coin Price History

Before we jump right into the price history of the token, let us discuss a little about the Elongate crypto project first. Its team created the meme cryptocurrency as a social impact token to transform the social impact of the blockchain. Token holders receive incentives from a 10% transaction charge, and a sizeable portion of this money is then donated to charitable causes.

The initial supply of ELONGATE tokens, as of March 25, 2021, was 1 quadrillion tokens. Roughly 412 trillion out of these were burned at creation. Since then, over 24 trillion have been burned already. ELONGATE tokens are burned weekly on an ongoing basis.

Elongate Token Where to Buy

ELONGATE is available on the Binance Smart Chain, and on PancakeSwap among other DEXs and CEXs. It didn’t make our best coins on PancakeSwap list however due to its bearish price action.

The Elongate team states that they are challenging the status quo of the crypto industry, tying profits organically to positive social impact through three pathways: sparking a social transformation, building transparent channels, and promoting earning and giving simultaneously.

The token was initially successful immediately after its launch. In three days of being listed on CoinMarketCap on April 8, 2021, the coin climbed to a high of $0.0000002. The spike came with a publicity stint announcing a Tesla giveaway for token holders.

On 20 April, Elongate saw yet another boost in terms of holders. More than 150,000 individuals were holding a portion of the crypto immediately after Coinbase started the token’s price tracking. On the next day, Elongate reached an all-time high of $0.00000109.

Elongate Price History

Elongate price chart

The spike was shortlived, though. The token’s price corrected to a low of $0.0000003 a week later only to rise again a month later after its first major listing on Bitmart. Ever since a second peak of $0.00000088 on 11 May, Elongate has been plunging low. Leaving aside the October 2021 bullish trend that was common for the entire crypto market, the coin has shown no significant improvement. It reached an all-time low of $0.0000000112 on 12 May 2022.

The key milestones in ELONGATE’s price history so far were:

  • Elongate was launched on March 25, 2021
  • Out of the original supply of 1 quadrillion tokens, roughly 412 trillion were burned at creation.
  • Over 24 trillion ELONGATE tokens have been burned already, burned weekly.
  • The coin saw two peaks; one in April 2021 after Coinbase started tracking its price, and the second in May 2021 after its listing on Bitmart.
  • After hitting these highs, ELONGATE has now lost 98% of its value since the second peak

Note that Elongate is sometimes referred to as EG on social media platforms on Twitter, e.g. with the cashtag $eg or hashtag #eg in short form.

Elongate Price Prediction 2022

Much of Elongate’s price prediction for 2022 has to do with recent events spurred by tech giant Elon Musk. The cryptocurrency has been on a bullish rally ever since the tech tycoon tweeted how people should call scandals related to him “Elongate”, referring to earlier scandals like Watergate.

The tweet has reciprocated in the form of accidental awareness for Elongate in light of these events – it wasn’t an actual endorsement of the Elongate crypto asset however.

Elongate token saw a pump of 86.20% within 7 days which later completely retraced. Currently, Elongate is priced at $0.00000016 with a 24-hour trading volume of $4,296.8 USD.

One thing to keep in mind is that this bullish behavior was not sparked by interest in the token itself or its benefits for the user community. The pump is seemingly associated with a short-lived Twitter hype – that too completely unrelated to the coin itself. It is quite possible that some fake Twitter bots are at play, hyping up the token’s virtual popularity and hence investor interest.

Elon Musk Dogelon Mars

Elon Musk has only backed Bitcoin and Dogecoin

Those who regularly invest in cryptocurrency will know that such engagement is only temporary. Musk has not talked about the coin himself, so chances are he is not aware it exists. A direct project shoutout would have been much better in terms of a demand push and bullish momentum.

If the Elongate team can get A-lister celebrities, including Musk himself to promote their token in the light of recent events, that could push the coin significantly and sustainably. If this occurs, Elongate could reach a value of $0.00000035 by the end of the year, a 119% rise.

ELONGATE Coin Price Prediction 2023

In the long term, our price prediction factors in the utility and value proposition of the coin instead of temporary social media types. The use cases of Elongate token are sufficiently charted out – as a store of value, for augmenting earnings through staking, and to buy NFTs (after swapping for BNB).

Via Elongate website

The project also has a roadmap outlining products such as the platform-native Salesforce Crypto Lightening Exchange, the decentralized multi-chain token burn platform BurnParty, the Elongate Swap for swapping BNB/BUSD, and the Gator Gang NFT collection.

However, all these features and launches are relatively new – four months old at max. The NFT collection is also quite limited at the moment, and though the platform’s mission of “revolutionizing philanthropy” using a combination of crypto and social media sounds good, we are yet to see any concrete work on in that field.

Assuming the Elongate team can work around these gap areas, Elongate could establish its growth potential in the years to come. We could see the coin reach a price of $0.00000080 by the end of 2023.

Elongate Price Prediction 2025-30

Finally, to arrive at a price prediction for the coin towards the end of this decade, it is important to factor in not just the project’s individual offerings but also the broader macroeconomic scenario.

While the majority of altcoins typically gain when investor sentiment is favorable, memecoins have not had a particularly positive history so far. Experienced investors will recall that memecoins like Dogecoin, Shiba Inu, and more recently Dogelon Mars all saw sharp gains during periods of social media hype but slowed down in the absence of it.

Elongate Price Today

A typical trading day for Elongate

Ultimately, bigger macroeconomic factors such as growing inflation and interest rates could certainly impact token adoption and prices. Rising liquidity will assist cryptocurrencies like EG and support their price in the long run, but a crypto crash towards the end of the decade will have prices reeling back down.

The community around the crypto equally matters. The recent spike in EG’s popularity on social media has pumped up its followers to the tune of 170,000 followers. However, we must account for the fact that a large chunk of this could be spammy or bot engagement in the wake of Musk’s tweet. A closer look at “genuine engagements” on other platforms correlates with this observation.

We would like to look at Elongate’s price movement in this decade as likely a “pump and dump” as soon as the wave of the social media frenzy around it passes. The project is too new to assess its products at the moment, which may make or break its trajectory in the long run. Hoping for a gradual upward trend, the price prediction for Elongate by 2030 could be pegged at $0.0000030.

Potential Highs & Lows of Elongate Coin

Long-term holders may find it useful to keep in mind the anticipated highs and lows indicated throughout our Elongate coin price prediction, summarized in the table below:

Year Potential High Potential Low
2022 $0.00000035 $0.00000016
2023 $0.00000080 $0.00000055
2030 $0.000003 $0.000001

Is It Worth Buying ELONGATE Coin in 2022?

This Elongate price prediction has highlighted how, despite its recent huge decline in value, ELONGATE can still prove to be valuable if it lives up to some key expectations. However, would we recommend Elongate as one of the top cryptocurrencies you must purchase in 2022?

TAMA logo

No, we would not.

This is because there are better substitutes for Elongate in the market, such as Tamadoge, which is not just attracting investor attention lately but also has much more clearly defined use cases and a roadmap for actionable decisions, and is early in its development – one presale now and organizing giveaways on social media to raise awareness of that.

Tamadoge

Tamadoge is building one of the best play-to-earn (P2E) gaming platforms in the blockchain industry, allowing players to create and and raise their own “Tamadoge pets” over time. These creatures can compete against the pets of other players to earn Dogepoints after they reach adulthood. Premise and potential – the project has it both.

Second, Tamadoge has a confirmed CEX listing on LBank after the presale, which is going to be a massive boost for the token’s price soon. Another listing on the DEX Uniswap is underway, heightening the coin’s high price potential even further.

Tamadoge

Third, the TAMA token brings more utility to the table. The lucrative P2E mechanics of Tamadoge mean you can expect to win huge rewards in TAMA, which can then be used to buy additional in-game items like accessories, food, and even more pets. At the end of each month, users with the most Dogepoints get TAMA tokens from the Dogepool.

TAMA is also the native currency for the Tamadoge store, where users can trade NFTs directly. This is unlike purchasing NFTs using EG, which must be swapped for BNB first for the purchase. TAMA coins can be incorporated into many of the greatest DeFi protocols available because they adhere to the ERC-20 standard, thus proving useful even from an investment standpoint.

Tamadoge

Tamadoge is integrated with the Metaverse and enjoys tremendous community support – two factors that are most interesting in terms of the project’s potential growth. As part of Tamadoge’s roadmap, users can expect 3D avatars of pets in other metaverse realms, a mobile AR app and multiple P2E arcade games, physical Tamadoge rewards, and multiple Metaverse and CEX partnerships.

Also, the project already has a sense of authenticity because Tamadoge has been KYC-verified by CoinSniper and audited by SolidProof.io.

Conclusion

While some took the crypto world by storm and continue to top market cap lists, others offer little value, and yet others are outright scams. Not all memecoins pumped since their initial hype right after launch, making it a poor idea to invest in these coins for the long term. Arguably one of those is Elongate.

This post reviewed an optimistic price prediction of the ELONGATE coin for upcoming years however it could be delisted from exchanges given its low trading volume and be abandoned completely.

We also covered the tokenomics, the Elongate project background and the reasons it has gained market interest at some points. Despite the ELONGATE cryptocurrency price being much off its May 2021 highs, the coin’s high social media following offers a platform for a potential recovery – if the engagement isn’t fake and paid bots.

Investors searching for a substitute for Elongate, however, might want to consider Tamadoge. This innovative token is not just high on utility but also fuses the appeal of meme coins with rewarding use cases in one. Besides, TAMA tokens are currently available for purchase at a discount because Tamadoge’s presale is still ongoing.

Learn more about the presale and other offerings by joining TAMA’s Telegram group.

Tamadoge - The Play to Earn Dogecoin

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Tamadoge
  • '10x - 50x Potential' - CNBC Report
  • Deflationary, Low Supply - 2 Billion
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  • NFT Doge Pets - Potential for Mass Adoption
  • Upcoming Listings on LBank, MEXC
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Disclaimer

It is vital to always invest responsibly in awareness of all risks involved. Markets can be extremely volatile, so you should conduct extensive research before investing. Our site provides regular updates and diligently verifies all platforms it recommends, but you should form your own opinion and invest only what you can afford to lose. There is never any guarantee of a return on investment.