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Is Elrond ($EGLD) Ready To Hit $300 Again?

Is Elrond ($EGLD) Ready To Hit $300 Again? News
  • EGLD is trading at $241.78 with a +17.57% gain in the last 24 hours.
  • It keeps on climbing up over the past few weeks.
  • On September 14, 2021, it reached its new all-time high of $302.14.

Elrond (EGLD) keeps on climbing up over the past few weeks. On September 14, 2021, it reached its new all-time high of $302.14. Will EGLD reach the $300 level again soon?

Elrond/TetherUS | Source: Tradingview

The Elrond blockchain protocol aims to provide very fast transaction speeds through sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance, and the Internet of Things. More so, its platform is reportedly capable of 15,000 TPS, six-second latency, and a $0.001 transaction cost.

Also, the blockchain has a native token known as eGold or EGLD. It is used for paying network fees, staking, and rewarding validators.

Recently, it had a lot of partnerships including Copper, a leading digital gateway provider. Also, KuCoin listed EGLD last week. If Elrond keeps on announcing more interesting updates, listing, and partnerships, no doubt it will climb up to $300.

At the time of writing, EGLD is trading at $241.78 with a +17.57% gain in the last 24 hours. If it can perform the same way it did last week with a 37.18% surge, it can surely reach the $300 level.

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Britney is a market analyst who covers stories about the cryptocurrency world. She holds a Business Administration Degree in Finance and aims to let the readers understand crypto from a beginner perspective.