The Elastic price is currently $ 0.004214 with a 24-hour trading volume of $ 610.17 across 1 exchanges. The XEL price is up 3.63% in the last 24 hours. Elastic reached its highest price on June 24, 2017, when it was trading at its all-time high of $ 1.98. It has a circulating supply of 243.00M XEL.

Elastic (XEL) is the coin associated with the Elastic Project, the Decentralized Supercomputer, and therefore with Elastic PL, the Elastic’s own programming language. Elastic PL is similar to C, but with limited functionalities so that it can be run on different machines at the same time without harming them. With Elastic PL, a user is guaranteed that the program is executed correctly, with no data leakage, exploits, or endless loops.

XEL is used to buy and sell computational resources. The users that need computational resources broadcast it in the network along with a certain amount of XEL, while the miners offer their resources in exchange for XEL.