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Why aelf (ELF) marks a new era in the future digital economy

Why aelf (ELF) marks a new era in the future digital economy

In the fast-paced world we currently live in, the finance sector has an opportunity to use cloud computing technology to drive growth, improve customer experiences and stay relevant with ever-changing compliance regulations. 

Cloud computing remains a potential game-changer for how financial services organizations will operate in the future.

A new era: aelf offers a solution for the future digital economy

For most centralized cloud computing platforms, the combination of cost, security, and privacy concerns remain too Big to ignore. However, aelf, a decentralized cloud computing blockchain marks a new era for the future of the digital economy, offering solutions in security, scalability, and speed.

Blockchain has drawn a lot of attention from the financial services industry as it significantly reduces intermediaries and ensures secure transactions. Multiple chains can be developed on aelf specifically for financial services, including cross-border payments, trade finance, and supply chain financing. 

The parallel processing feature is capable of handling business transactions on an international scale, and the inter-chain communication feature allows smooth coordination from asset registration, account management, and real-time transaction.

aelf incentivizes users to participate in a unique and rewarding form of governance, thus addressing cost concerns. Downtime concerns quite peculiar with centralized platforms are also addressed as aelf provides high computational power to users through team nodes grouped in cloud networks. Through this, users can operate at high speeds regardless of network congestion.

aelf 500% up since July—remarkable growth potential

The demand for cloud computing is growing every year. Analytical agency Gartner projects great growth for the cloud services sector, estimating a capitalization of $354 billion in 2022.

pastedGraphic.pngELF/USDT Daily Chart

Given this, aelf has the potential to reach up to $5-$10, based on the spate of current growth.

For aelf, the price path upward appears to hinge on two important milestones: the $1 psychological level (the yearly high so far) and the $2.77 ATH. Presently, aelf has risen from July lows of $0.152 by nearly 500% and taken from all-time lows of $0.013 marked on March 13, 2020, aelf is up 2143% which represents significant growth within a year and a half. 

The mainnet token swap scheduled from Sept. 9 to December 9 remains a bullish event as it presents an enormous opportunity for the ELF token price to rise. Notably, the aelf team decided to start the mainnet token swap on Sept. 9 to meet users’ increasing demand of participation in the upcoming constructive events, such as node election, sidechain auction, management, and many more.

The three-month event will allow users to swap their ERC-20 ELF tokens for the new mainnet ELF tokens at a 1:1 ratio. Above all, the aelf team will give up 27 million ELF airdrops worth a whopping $12,000,000 within the first 15 days. And since the announcement of the mainnet token swap made in late August, ELF has surged by nearly 200% to reach highs of $0.95 on Sept 5.

From a technical perspective, calling for new highs for aelf would not far be fetched owing to a bull flag formation triggered by ELF's breakout in early September. The near- medium-term positive outlook is also reinforced by the bullish crossing of the moving averages on the daily chart.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.