I don't know where the support for the price is coming, but it seems people are buying up the token in anticipating for the incoming lending platform launch, if this rate continues like this we might see the price hit 10k sat at the end of the week
The price increase is a combination of good fundamentals.
Elixir (TRADE SYMBOL: "ELIX") is meeting / satisfying basic trader checks/requirements:1. Professional Website:
http://www.elixirtoken.io/2. CoinMarketCap.com Listing
https://coinmarketcap.com/currencies/elixir/3. BitcoinTalk Thread with Good Developer Support:
https://bitcointalksearch.org/topic/ann-elixir-elix-crowdfunding-and-e-commerce-with-token-rewards-21440824. BitcoinTalk with Community engagement.
5. At least 1 decent exchange listed on, currently on 2 exchanges in BTC and ETH markets.
https://www.coinexchange.io/market/ELIX/BTC6. Social Media presence and promotion:
https://twitter.com/ELIXToken7. Mobile App Development (active coin development):
https://medium.com/@elixirtoken/elix-mobile-frontend-demo-f43b93bbb96e8. Token Specifications. Still low circulating supply 3.4M, Low Price, Good Volume, ETHEREUM platform-based.
9. And on comparison to other coins it is trading against on Exchange/s, it's specs are competitive to much higher priced good trading coins/tokens, i.e. REC, ETHD, RUP etc., meaning that ELIX price respective to these other coins is still undervalued.
10. Beautiful Logo and Brand Name: