Escoin Information

Escoin is emerging as a notable player in the cryptocurrency landscape, catering to a niche market with innovative solutions. Its focus on enhancing transaction efficiency and user experience positions it as a potential favorite among investors and enthusiasts alike. As the ecosystem evolves, Escoin's commitment to community engagement and sustainability may pave the way for its future success.

Escoin

$0.59

Title : Escoin
Symbol : elg
Current Price $ : 0.593486 $
High 24h : 0.59459 $
Low 24h : 0.575922 $
Price Change 24h : 0.00739828 $
Price Change % 24h : 1.26232 %
Market Cap : 109328172
Website : https://www.escoin.ee/
Total Volume : 1406911
Market Cap Change 24h : 1329481
Market Cap Change % 24h : 1.23102 %
Circulating Supply : 184209191.1046
Total Supply : 250000000
Last Updated : 2024-11-22 23:59
All Time High (ATH) : 3.61
ATH Change % : -83.56243 %
ATH Date : 2022-06-24 02:40
All Time Low (ATL) : 0.00064644
ATL Change % : 91696.1233 %
ATL Date : 2021-01-10 16:54

more information

Escoin (symbol: ELG) has been a point of interest within the cryptocurrency community due to its unique positioning and historical significance. As we delve into the past, present, and future of Escoin, we will examine its market performance, advantages, and challenges it faces in an ever-evolving landscape.

A Brief History of Escoin

Launched amidst the waves of altcoin popularity, Escoin made its debut in January 2021, hitting an all-time low of just $0.00064644. Over time, it gained traction, eventually reaching an all-time high (ATH) of $3.61 by June 24, 2022. This meteoric rise was fueled by increased interest from investors and a growing community. However, the price has since corrected, reflecting the volatility often seen in cryptos.

Current Market Overview

As of October 2024, Escoin trades at approximately $0.596, with a market cap of around $109.8 million. The coin has seen fluctuations with a 24-hour price change of around -0.34%. With a circulating supply of over 184 million and a total supply capped at 250 million, the trading volume over the last day was about $1.2 million. These figures indicate a moderately active trading environment, though it has experienced a decline since its ATH.

Advantages of Escoin

One of the standout advantages of Escoin is its robust community support, which could translate into consistent interest and future development. Additionally, the coin's low current price compared to its previous ATH makes it an attractive option for speculative investors looking for potential gains.

Moreover, Escoin's innovative use case and commitment to enhancing its technological framework may also position it favorably for the future, particularly if it manages to address scalability and transaction speed. Such improvements could appeal to a broader audience and enhance usability.

Challenges and Drawbacks

Despite its advantages, Escoin faces a host of challenges. Its significant drop from its ATH of $3.61 by over 83% raises concerns about its sustainability and market perception. Additionally, the relatively low trading volume may indicate a lack of investor confidence, which could hinder liquidity and price stability.

Furthermore, the broader cryptocurrency market's volatility and regulatory scrutiny pose risks, especially for lesser-known coins like Escoin. If the market sentiment shifts or regulations tighten, Escoin may struggle to maintain investor interest and support.

Future Outlook

Looking ahead, the future of Escoin hinges largely on the project's ability to innovate and adapt. If developers can enhance the platform and implement features that resonate with users, it could lead to a resurgence in interest and investment. Furthermore, should Escoin manage to establish strategic partnerships that expand its ecosystem, it may improve its market standing significantly.

In conclusion, while Escoin shows potential for growth due to its early success and community backing, it also grapples with considerable challenges that must be addressed to reclaim its former glory. Investors should remain cautious and consider both the risks and rewards associated with this cryptocurrency.

General Information
from price $1
Title Escoin
Symbol elg
Whitepaper -
Website https://www.escoin.ee/
Community -
Last Updated 2024-11-22 23:59

Price Data
Current Price $ 0.593486 $
High 24h 0.59459 $
Low 24h 0.575922 $
Price Change 24h 0.00739828 $
Price Change % 24h 1.26232 %

Market Data
Market Cap 109328172
Total Volume 1406911
Market Cap Change 24h 1329481
Market Cap Change % 24h 1.23102 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 184209191.1046
Total Supply 250000000
Max Supply -

Historical Data
All Time High (ATH) 3.61
ATH Change % -83.56243 %
ATH Date 2022-06-24 02:40
All Time Low (ATL) 0.00064644
ATL Change % 91696.1233 %
ATL Date 2021-01-10 16:54