Shift to DeFi and cross-chain integration back Elrond’s (EGLD) 700% rally
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....
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An expanding ecosystem and the full launch of Elrond’s DeFi capabilities back EGLD’s rally above $300. Decentralized finance-focused protocols are seeing a sustained upward move, and the momentum appears to be picking up pace now that the NFT sector has cooled off over the past two weeks. Since the beginning of August, Elrond (EGLD) — a scalable and secure blockchain platform designed for distributed apps and enterprise-level businesses — has been in a strong rally. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $52.00 on June 22, the price of EGLD....
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....
Ren is teaming up with Alameda to boost cross-chain decentralization. Cross-chain bridge service Ren has announced that its development team will be joining Alameda according to a blog post by CEO Taiyang Zhang.As part of the announcement, Zhang revealed that the focus of the move is on enabling Solana (SOL) support on RenVM — the project’s cross-chain liquidity protocol launched back in May 2020.According to the Zhang, development work on the integration is currently being audited with full deployment expected to begin by the summer. Commenting on the upcoming Solana integration, the Ren....
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....
In a major breakthrough for the decentralized finance (DeFi) space, one of the most popular stable coins, DAI, has been made available for use on the applications in the RSK ecosystem, Bitcoin’s smart contracts platform. RSK and the RSK Infrastructure Framework (RIF) development team have achieved this by using the RSK-Ethereum cross-chain bridge. Trading pairs for DAI have been enabled on RSKSwap, a Uniswap-style DEX for the RSK network. Bridging Maker and RSK The integration […]