Bullish Elrond (EGLD) Price Targeting Towards $121

Elrond is a cryptocurrency that is ranked #47 in terms of a market cap of $1.5 million. It has a total supply of 8.5 million coins and uses the Proof of Work algorithm. Elrond’s official website is bittrex.co.

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Bullish Elrond (EGLD) Price Targeting Towards $121. The first and most important thing to note about Bullish Elrond (EGLD) is that it is a cryptocurrency. This is not a traditional asset like stocks or bonds. The key purpose of a cryptocurrency is to act as a medium of exchange that uses cryptography to validate each transaction and generate new units of the currency.

Elrond is a fork of Litecoin that is scheduled to be released on the 12th of May. The team behind it has made a few changes to the original Litecoin protocol to increase speed and privacy. For example, Elrond will increase the block generation rate to 2.5 minutes to allow for higher transaction throughput.

  • Elrond (EGLD) is expected to hit $121 in the near future.
  • The descending wedge pattern on EGLD has broken, suggesting a price reversal pattern.
  • GraphLinq and Elrond Network have formed a collaboration.

Elrond (EGLD) is projected to hit $121 in the near future. The Wolf Of All Streets, on the other hand, tweeted that EGLD breaks the falling wedge pattern. This also suggests an EGLD price reversal trend.


Multiple retests of resistance as support have broken the falling wedge. The loudness bounces off the support well.

Aim for about $121.

Everything, like any other arrangement, is contingent on the stability of the $BTC. pic.twitter.com/xw3lUJ3JkN

July 3, 2021 — The Wolf Of All Streets (@scottmelker)

Elrond is a blockchain that may be used over the internet. Furthermore, it was designed from the start to provide a 1000-fold increase in throughput and execution speed. More specifically, two important breakthroughs have enabled linear scalability with a quick, secure, and efficient consensus method: a new Adaptive State Sharding process and a Secure Proof of Stake (PoS) algorithm. 

Elrond can also handle up to 15,000 transactions per second (TPS) with a 6-second latency and low cost, aiming to become the backbone of a permissionless, borderless, globally accessible internet economy.

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At the time of writing, the EGLD price was $103 with a 24-hour trading volume of $130,736,860, according to CoinMarketCap.

The price of EGLD moved in the same direction as Bitcoin, as seen in the chart above (BTC). 

Even more, Elrond Network made a partnership with GraphLinq for integration on the Engine, IDE, App & Analytics. 

Beniamin Mincu, CEO of Elrond Network, said,

“Our expanding community of supporters and ecosystem partners are extremely enthusiastic about the Elrond Network’s potential, but not everyone is a developer. Tools like Graphlinq allow more users to directly interact with our technology and take advantage of possibilities that would otherwise need writing code.” 

Elrond and Maiar co-founder Lucian Mincu recently tweeted that the Elrond network is ready for Maiar Exchange.

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