Here are examples of the word/phrase "elevating" used in a sentence and paraphrased in a sentence...
The difficulty level of the game is elevating as you progress through it.
The difficulty level of the game is rising as you progress through it.
The balloon will keep elevating until it is unreachable.
The balloon will keep rising until it is unreachable.
The elevator stopped elevating once it reached the highest floor.
The elevator stopped going up once it reached the highest floor.
Other Examples...