Introduction

Some time ago I posted about my interest in blockchain computing projects. One of the projects I discussed was [Elastic or $XEL when they were due to release their litewallet client](https://steemit.com/elastic/@thecryptofiend/decentralised-computing-project-elastic-xel-to-release-litewallet-on-june-17-2017). _**Well if you had invested at the right time in $XEL you could have tripled the value of your holdings:**_ ___

The $XEL Price has more than tripled in the last week.

http://i.imgur.com/NUdfC6g.png **I believe there are a few reasons for it:** 1. **People who were dumping are mostly sold out of the market** now and so a large proportion of people are long term holders like myself. 2. **Crypto markets have gone back to a more bullish position** and people are looking for new places to put Bitcoin profits after the new ATH. They are looking for the next big thing. 3. **The word is spreading further** about XEL and there are rumours of interest in Chinese markets. 4. **XEL has a fixed supply** (100m) and about 1/6th (17m) have not even been redeemed (possibly they never will) - making the amount about 1/10 of competitors like GNT. 5. **XEL is a lot further in development than competitors** like Golem. _(NB I have posted these points in the BTC Talk and Elastic forums too)._ ___

Interested in finding out more about Elastic/$XEL?

https://steemitimages.com/0x0/http://i.imgur.com/umBkUw5.png **Check out the following sources:** 1. **[My previous post](https://steemit.com/elastic/@thecryptofiend/decentralised-computing-project-elastic-xel-to-release-litewallet-on-june-17-2017).** 2. **[The Bitcointalk Elastic Thread.](https://bitcointalk.org/index.php?topic=1957064.0)** 3. **[The Elastic Forum](https://talk.elasticexplorer.org/).** 4. **[The Website](http://elastic.pw/).** 5. **[Twitter](https://twitter.com/elastic_coin/)**. 6. **[Slack](https://elasticfans.herokuapp.com/)**. ___

The Glaringly Obvious Investment Warning

![ThinkstockPhotos-122448354.jpg](https://steemitimages.com/DQmZ7EkapWU15uY6Q28RCMGXuV8HoEhRXisqezQFGGnq9a9/ThinkstockPhotos-122448354.jpg) **Be careful!**

_As always with my cryptocurrency posts these are my own personal opinions and are not investment advice._

_Please make sure to do your own research before you spend any money and DON'T ever invest more than you can afford to lose._

Your analysis and the level of risk you are willing to take may be completely different from mine.

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Thank you for reading

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