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Are You Into Elrond? Elrond Price Prediction

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@zdigital222
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With the background of blockchain and harvesting on the benefits of decentralized finance, i.e., DeFi, Elrond set the record of being the first blockchain in the world with the genuine state sharding scheme for practical scalability, eliminating energy and computational waste while ensuring distributed fairness through a Secure Proof of Stake (SPoS) consensus mechanism. This unique feature signifies that data related to transactions tend to get gathered separately and not amongst the other information on the same block, thereby facilitating the exponential speed of transactions. Let us analyze the current details of Elrond and understand the Elrond price prediction for the future.

Elrond entered crypto space in the year 2020. Having a strong focus on security, Elrond network is built to ensure resistance to known security problems like the Sybil attack. Undoubtedly, Elrond has great potential and would tend to be the most attractive cryptocurrencies, mainly for its native token, EGLD, that ensures high scalability security coupled with speed scaling a peak of $200 for sure on a deeper technical analysis for the price. Elrond enables permission-less, border-less, global transactions and embraces the internet economy development.

It would not be an overstatement to name the function of EGLD tokens as catalysts in implementing smart contract fees and transfer funds. The most valuable factors that propel the price of Elrond are the speed and affordability that enable quicker improvements implementation resulting in faster and secure transactions.

EGLD: The Ups & Downs: The Gems & Crowns

Currently, the Elrond (EGLD) price today is trading around $191.29, with a slight temporary correction over the last 24 hours. The market capitalization has increased to $4,150,898,333.52 with a circulating supply of 21,694,175 EGLD. A lot can be said about the historical journey. A sharp rise went into the correction phase, and within a month, the trading volume stood at $261,802,037.55.

Nearly similar trends and curves continued till 2017. In December, the EGLD price shot up, followed by a price correction in 2018 summers; the sluggish phase continued for the cryptocurrency, and the addition of EGLD added a breakthrough. The beginning of 2019 was a blessing for this pedestal as the EGLD token was listed on the popular exchange.

Apart from that, there were many freebies announced by the developers in the form of viewing ads for money. Raising the toast to a historic $177, the coin gained traction. The receding phase of Pandemic brought abundance galore for the coin giving it a constant bullish push.

Posted Using LeoFinance Beta