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Elrond (EGLD) Price Updates, Recent Developments, Future Events, Community By DailyCoin

by Mike Robinson

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Elrond (EGLD) Price Updates, Recent Developments, Future Events, Community
  • Elrond, the technology ecosystem for the new internet, has gained public praise for its lightning-fast transaction speeds
  • Elrond has announced a strategic partnership with Alchemy Pay, opening up ELDG to over 200 million merchants in 65 countries and regions
  • Citizens of the US can now purchase Elrond directly via credit card from the Maiar app
  • To involve its community after the KuCoin listing, Elrond launched a $30,000 KuCoin trading competition

Elrond is a highly scalable, fast, and secure blockchain platform designed for distributed apps, enterprise use cases, and the new internet economy. This network allows for the creation of smart contracts and dApps as well as entire blockchains.

This project is known for its lightning fast transaction speeds, which are possible through sharding. Elrond was launched in 2017. Since then, numerous enterprises and projects have integrated the technology. What has Elrond done in recent years?

Recent Developments

Elrond has had a plethora of recent developments in September. Elrond announced recently a partnership to Alchemy Pay. This payment platform allows for the aggregation of both fiat and crypto assets. Alchemy Pay allows users to transact using virtual credit cards and point-of-sale (POS), web interfaces, mobile apps, or via virtual credit cards.

Alchemy Pay will integrate Elrond, (EGLD), into its crypto-to-fiat payment network. Alchemy has more than 300 cryptocurrency and fiat gateways and over 200 million merchants across 65 countries.

Elrond, a crypto-exchange that offers security, listed KuCoin as EGLD on September 13. KuCoin is active for trading, deposits, and withdrawals of EGLD.

KuCoin has completed its integration with Elrond Network. As a result, ”KuCoin is thus technically prepared for listing ESDT” (Elrond Standard Digital Token).

Citizens of the United States had access to Elrond (EGLD), direct purchases using credit cards prior to this announcement. MoonPay is a partner in Elrond’s availability across all US states, with the exception of Texas and Louisiana.

Future Events

Elrond Network has announced that it is the blockchain technology partner of Unfinished Festival 2021. The online event scheduled for October 24 to October 31, 2021, will see the international community gather to seek ways to “advance society through more meaningful, transparent, and trustworthy exchanges of ideas and experiences.”

The last months of the year will be interesting for the Elrond community with the introduction of the Maiar App and the Maiar Exchange economic engine. Elrond Network has entered the DeFi season.

Elrond is moving to the internet with DeFi via the Maiar App. The Maiar App acts as an extension for Chrome and Brave browsers. Maiar Exchange is an automated decentralized market maker and exchange. The Maiar App launches before it.

Elrond will enter the DeFi space. The project will look to integrate DeFi2.0 into its network. Once that’s done, synthetics and lending will be made available via the Elrond network.

Price Updates

Elrond has been one of the strong performers in the crypto market. EGLD’s price has increased more than 60% over the past 30 trading days. The price ranged from $147.8 – $244.74.

A 30-day Elrond price chart (EGLD). Source: Tradingview

Over the last 24 hours, EGLD has dropped by 0.96%. EGLD trades now at $244.74 with a market capital of $4.77billion, which makes it 37th most valuable crypto.

On The Flipside

  • Elrond has faced some technical challenges with its wallet
  • There have been several reports of failed transfers and freezing wallets among members of the community

Community

While the MainNet of Elrond launched just over a year ago, the project has built a massive following of firm believers. Elrond has over 327k Twitter followers (NYSE:). The DailyCoin team found that the project was very well received by the community, as were its prospects for the future.

One Twitter user, @Better_luck8383, wrote about Elrond;

@MulleyHawk shared his thoughts why Elrond stands apart from other crypto projects:

Another user, @Maiar_Otherside, shared his bullish prediction about Elrond, writing;

In addition, Elrond has some of the highest community involvement among crypto projects. Elrond created a KuCoin trading contest to get its community involved after KuCoin was listed.

This competition will allow for community participation and offer prizes up to $30,000 in EGLD. At the announcement, a Twitter user, @patchlead, wrote;

Why You Should Care?

Elrond has many future prospects and is fast emerging. Elrond is also a partner in interesting technological advancements.

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