Elrond

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In this episode of BeInCrypto’s Video News Show, host Jessica Walker looks at trend bucking Elrond (EGLD), which hasn’t just been rising, but is actually up 500% in the last three months! 









The latest growth spurt came after they announced a one billion dollar liquidity incentive program to supercharge the launch of their Maiar DEX DeFi platform. This is perhaps the largest DeFi incentive program to date, and represents a strong step toward pushing DeFi adoption beyond the current boundaries of the crypto space, into the mainstream. 



“By distributing Maiar DEX ownership to the next billion users, we lay the foundation for a truly global financial system that is accessible to everyone, everywhere.” said Beniamin Mincu, Elrond Network CEO. But we’re going deeper to take a closer look at the fundamentals of this project and what makes it unique.



What is Elrond?



Elrond is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost.



The blockchain has a native token known as eGold, or EGLD, that is used for paying network fees, staking and rewarding validators. Elrond was first announced in August 2019, and its mainnet went live in July 2020.



Who are the founders of Elrond?



Elrond was co-founded in late 2017 by brothers Beniamin and Lucian Mincu alongside Lucian Todea as a solution to the problem of blockchain scalability, which they thought to be the most pressing problem facing the industry.



Prior to Elrond, they co-founded MetaChain Capital, a digital asset investment fund, with Beniamin serving as CEO and Lucian as chief technology officer. The two also co-founded ICO Market Data, an aggregator of information around initial coin offerings.



Beniamin was also responsible for product, marketing and community for blockchain platform NEM from 2014 to 2015, in addition to being an early investor in projects such as Zilliqa, Tezos, Brave and Binance. Lucian has additional experience as an information technology engineer and security specialist, having worked with Uhrenwerk 24, Cetto and Liebl Systems.



Todea is a serial tech entrepreneur who previously founded and served as CEO of Soft32, a software review and download site, and a partner of mobilPay, a mobile payments application. He is also an angel investor, having invested in biometrics tech company TypingDNA and accounting platform SmartBill.



What makes Elrond unique?



Elrond describes itself as a blockchain platform for the new internet economy, decentralized applications and enterprise use. Its main selling point is its high scalability, stating that it is the first blockchain network in which state, network and transaction sharding have all been implemented. According to its economics paper, it seeks to build up its ecosystem and establish EGLD as a store-of-value asset.



To achieve this goal, the network runs on 2,169 validator nodes split into four shards: three execution shards, capable of 5,400 transactions per second each, and one coordination shard, the “Metachain.” Elrond’s adaptive state sharding architecture completely shards state, transactions and network. It can scale by adding an additional shard when the throughput demand is unmet. It was tested to run 263,000 TPS in a public environment with 1,500 nodes from 29 countries grouped in 50 shards.



In order to increase adoption, the project also supports developers building on the platform, allowing them to earn 30% of the smart contract fees as royalties. The company maintains a supply of EGLD tokens to stake on the network during its first year, with validator nodes receiving a 36% annual percentage rate.



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  The post BIC’s Video News Show: Elrond (EGLD) appeared first on BeInCrypto.


In this episode of BeInCrypto’s Video News Show, host Jessica Walker looks at trend bucking Elrond (EGLD), which hasn't just been rising, but is actually up 500% in the last three months! 
The post BIC’s Video News Show: Elrond (EGLD) appeared first on BeInCrypto.


beincrypto.com

BIC’s Video News Show: Elrond (EGLD)

 
The technical outlook for EGLD/USD states a strong uptrend. Moreover, the coin has recently reclaimed the previous ATH level of $300, indicating even more potential for EGLD. How far will this rally go?
 

The 50-day EMA acts as dynamic support to the EGLD coin price
The intraday trading volume in the EGLD coin is $182.2 Million, indicating a 52% hike


Source- EGLD/USD chart by Tradingview
 
The EGLD coin displays a steady uptrend in its technical chart with a series of higher highs and higher lows. Though this rally was experiencing a strong rejection from the $300 resistance, on November 3rd, the coin price managed to provide a decisive breakout from this level, with a strong surge in the trading volume.
 
The EGLD coin price is trading above the crucial EMAs (20, 50, 100, and 200), indicating a strong bullish alignment in its chart. In addition, the 50 EMA line is providing dynamic support to the coin price.  
 
The Relative Strength index line moving above the neutral line(50) indicates a bullish sentiment. However, the RSI chart displays a clear bearish divergence, suggesting a slight weakness among the coin buyers.
 
EGLD/USD Chart in the 4-hour Time frame

Source- EGLD/USD chart by Tradingview
 
After the EGLD coin breached the $300 resistance, its price retraced back to retest this level and check if it can offer proper support or not. The coin price took its sweet time of a few days to sustain above this level, and as of today, it has started showing a proper follow-up for the bullish breakout.
 
The EGLD chart level shows a great confluence with the traditional pivot levels, using which the crypto traders can identify the possible resistance level. According to these pivots, the nearest resistance for this coin would be at $344, followed by the $370.
 
 
 
The post Elrond Price Analysis: EGLD Price Ready Mark New Higher Highs In Its Technical Chart appeared first on Coingape.


&#160; The technical outlook for EGLD/USD states a strong uptrend. Moreover, the coin has recently reclaimed the previous ATH level of $300, indicating even more potential for EGLD. How far will this rally go? &#160; The 50-day EMA acts as dynamic support to the EGLD coin price The intraday tradi...

coingape.com

Elrond Price Analysis: EGLD Price Ready Mark New Higher Highs In Its Technical Chart

  Elrond (EGLD) completed its consolidation that has been ongoing for nearly two months with a sharp breakout on Nov. 3. It reached a new all-time high price two days later.
EGLD has been increasing alongside an ascending support line since July 20. 
After reaching a new all-time high price of $303 on Sept 14, the token decreased considerably. However, it bounced at the support line once more (green arrow) and resumed its upward movement afterwards. The bounce served to validate the line once more and increase its significant in the process. 
After a period of consolidation, which ended with another bounce (blue arrow), EGLD broke out and reached a new all-time high price of $329 on Nov 5.
Since EGLD broke out, the $295 area is now expected to act as support, since it previously acted as resistance. 
Technical indicators in the daily time-frame support the continuation of the upward movement. 
The MACD, which is created by a short- and a long-term moving average (MA), is moving upwards. This means that the short-term trend is increasing at a faster rate than the long-term one. 
The RSI, which is a momentum indicator, is above 50. This is a sign of bullish momentum. The previous time this occurred (black circle), it preceded the entire upward movement to the then all-time high price.
Chart By TradingView
Wave count
Cryptocurrency trader @Thebull_Crypto tweeted an EGLD chart that shows the ongoing breakout. He indicated that the token could increase by 50% or more.
Source: Twitter
The wave count for EGLD also provides a bullish outlook. The period between Sept 4 and Oct 25 looks like a running flat correction.
This is due to the overlap in the price during the entire movement. A running flat correction is a type of bullish correction, in which the bottom of wave C fails to reach that of wave A. This is considered a sign of strength, since the price was unable to reach its prior lows. It is usually followed by a sharp upward movement.
Chart By TradingView
The longer-term wave count is not entirely clear. However, it is possible that the entire upward movement since July was part of wave one, with the outlined period being wave two (orange). 
In this possibility, EGLD has just begun wave three, which is usually the sharpest and largest. Therefore, it would be expected to increase well into an all-time high and beyond.
Chart By TradingView
Short-term movement
When measuring the short-term upward movement, the 0.5-0.618 Fib retracement support level is between $264-$276. It also coincides with the long-term ascending support line. 
Therefore, it is likely that EGLD will bounce at the level and resume its upward movement.
Chart By TradingView


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What do you think about this subject? Write to us and tell us!
  The post Elrond (EGLD) Breaks Out Above $300 as it Sets New All-Time High appeared first on BeInCrypto.


Elrond (EGLD) completed its consolidation that has been ongoing for nearly two months with a sharp breakout on November 3.
The post Elrond (EGLD) Breaks Out Above $300 as it Sets New All-Time High appeared first on BeInCrypto.


Elrond (EGLD) Breaks Out Above $300 as it Sets New All-Time High

On Sunday, digital currency markets have seen some slight improvements but overall since September 6, 2021, the $2.21 trillion cryptocurrency market capitalization is down 9.79% from $2.45 trillion. While dominant coins like bitcoin and ethereum have slid between 8-12% during the last week, a number of other digital assets have seen double-digit weekly gains and even double-digit percentage spikes during the last 24 hours.
This Weekend’s Double-Digit Crypto Gainers
The price of bitcoin (BTC) has faltered 8% during the last seven days and ethereum (ETH) has dropped by 12% during the week. Cardano (ADA) shed 4% and binance coin (BNB) lost more than 16% during the last seven days.
The top ten crypto-asset XRP saw around 11.6% shaved off its market cap and dogecoin (DOGE) slid by 18.2% this past week. The only two crypto assets in the top ten standings include solana (SOL) up more than 26% this week and polkadot (DOT) up 5.5%.
Prices taken for this weekend’s market update report were recorded on September 12, 2021, at 3:00 p.m. (Eastern Standard).
Solana and polkadot are part of a group of decentralized finance (defi) tokens and ethereum (ETH) competitors that have been moving up the ladder in value. On Sunday, elrond (EGLD) spiked 27.5% during the last 24 hours and is up 70.2% this week.
Osmosis (OSMO) is up 24.5% today and 57.5% during the last seven days. Tron (TRX) jumped 20.5% in 24 hours on Sunday and cosmos (ATOM) spiked by 20.1% in one day. 24-hour stats show avalanche (AVAX) is up 16.1% today and AVAX has risen 32.3% this week.
Tether Commands Weekend’s Top Crypto Trade Volume
Another top performer this weekend is algorand (ALGO) up 14% on September 12, and polkadot (DOT) is below ALGO’s standings. Kusama (KSM) has lifted by 10% today and sushi (SUSHI) from the Sushiswap decentralized exchange (dex) platform is up 7.4% today.
Prices taken for this weekend’s market update report were recorded on September 12, 2021, at 3:00 p.m. (Eastern Standard).
Sushi has lost 12% during the course of the last seven days, however. While solana (SOL) saw weekly gains, the coin is the third-largest losing coin on Sunday with a 5.6% loss in value. The top two coins that have lost the most fiat value this weekend include fantom (FTM) down 7.8% and icon (ICX) down 6.2% on Sunday.
Coin market cap aggregators show there is $118 billion in trade volume among all 10,000+ crypto-assets in existence today. The stablecoin tether (USDT) commands the top trade volume today with $61.8 billion worth of swaps.
Bitcoin (BTC) has around $27.3 billion in trades and ethereum (ETH) commands $18.1 billion in global trades. Cardano (ADA) is the fourth contender in terms of today’s 24-hour volume with over $6 billion in global swaps with ADA. Lastly, BNB has captured $4.6 billion in worldwide trade volume during the last 24 hours.
What do you think about the groups of coins that saw double-digit 24 hour and seven-day percentage gains? Let us know what you think about this subject in the comments section below.



























On Sunday, digital currency markets have seen some slight improvements but overall since September 6, 2021, the $2.21 trillion cryptocurrency market capitalization is down 9.79% from $2.45 trillion. While dominant coins like bitcoin and ethereum have slid between 8-12% during the last week, a num...

Elrond price	$394.67
Low - High 24H	$393.35 - $410.33
Market cap	$7.94B
Volume 24H	$215.57M
All time high	$545.64 -27.79% November 23rd 2021
All time low	$6.51 5955.85% October 7th 2020
Genesis date	N/A

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