Elrond Network Watch: Consider This Before Filling Up Your Wallet With EGLD
EGLD, Elrond Network’s native coin, was able to break free from a falling wedge pattern during an uptrend seen on August 20. According to CoinMarketCap, EGLD is up by 0.77% or trading at $53.58 as of this writing. It can be remembered that EGLD had a stirring bull run last month that has propelled the coin to a spike of 16%. However, since then, the coin has had a massive double-digit decline this August. EGLD apparently treads the same direction with major crypto Bitcoin that has experienced the extreme downswing that affected the crypto market this month. An extrication spotted at a....
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EGLD’s price shows a spark of strength as the price bounced off from $45 with good volume. EGLD continues in a range-bound movement as the price aims to breakout ahead of a rally to $80. The price of EGLD continues to trade above the 50 Exponential Moving Average (EMA) as the price creeps in on the daily timeframe. Despite market uncertainties that have affected the prices of many altcoins in recent weeks, the price of Elrond (EGLD) has remained strong. Elrond (EGLD) has held firm, defending its support as the price remains in a range, with a possible breakout as the price targets....
The price of Elrond (EGLD) has shown little relief bounce against Tether as it continues to range in its bearish flag pattern. Although relief bounces are shown by other cryptocurrencies across the market, with some double-digit gains, Elrond’s price has struggled to crack those gains. (Data from Binance) Related Reading: TA: Ethereum Loses Steam, Why 100 SMA Is The Key For More Gains Elrond Price Analysis On The Weekly Chart From the chart, the price of Elrond saw its weekly bottom at $40, and the price of EGLD bounced from that region to a price of $57 on the weekly chart as the....
The Maiar wallet release and DeFi integration with Binance Smart Chain are just a few of the new developments backing Elrond’s 700% rally to $216. Elrond (EGLD) price has increased by 700% since Feb. 1 as new partnerships and protocol upgrades bolster investor confidence in the project. Elrond is a blockchain protocol designed to offer fast transaction speeds through the implementation of sharding for use with dapps, enterprise use cases and the new internet economy. The most recent price surge followed the release of the Maiar wallet which offers a variety of user-focused features....
Elrond is quietly becoming one of the best-performing altcoins in the current bull market. With Bitcoin (BTC) largely in the spotlight after hitting a new all-time high of nearly $24,000, other projects are starting to ride BTC's coattails as well. One of the latest standouts is Elrond (EGLD), which is up 20% over the past 24 hours and nearing its all-time high. The current highs above $27 is an increase of over 200% in December and more than 1,500% year-to-date, marking an extremely bullish year for this project. Elrond becomes ninth crypto project listed on eToroX Elrond’s recent run....
“Blockchain technology has immense potential for large gatherings of digital natives who for a brief period of time become part of a hyperlocal economy,” said Beniamin Mincu. The Untold Festival, scheduled to be held in Romania next month, has partnered with the Elrond Network to allow concert goers to pay for their tickets in cryptocurrency.In a Tuesday announcement, Untold said that tickets for its 2021 festival could be purchased using Elrond (EGLD). The festival reported that it would be allowed to have an unlimited number of attendees despite the ongoing pandemic — the number of daily....