- Elrond has been moving in uptrend for the past few weeks.
- On September 14, EGLD reached its new all-time high.
- It has the possibility of reaching the $300 level again.
Most of the crypto enthusiasts would have noticed the price surge of EGLD for the past few weeks. The ecosystem has initiated new partnerships and features to give a sweet spot for users. On the other hand, many altcoins are outperforming the mainstream cryptocurrencies even when the market went down.
In such an instance, Elrond is also one fine altcoin which was climbing in a bullish-trend for the past few-weeks. The price of EGLD has also reached its new all-time high on September 14 of $300.56. As of now, the current trading is 25% lower to its ATH, so investors have questions regarding its price. Will EGLD reach the $300 level again in near future?
New Partnerships And Listings
Significantly, through sharding, the Elrond blockchain protocol intends to reach extremely fast transactions. Besides, the platform bills its ecosystem as a new internet technology which includes fintech, decentralized finance, and Internet of Things (IoT). In addition, the firm says that it is capable of managing 1,500 TPS, six-second latency and low cost transactions.
The native token of Elrond is EGLD which is used for payment options. EGLD or eGold can be used to pay network fees, staking, and rewarding. The primary cause for the price surge might be the new partnershi[p with its network. In recent times, the platform has had a lot of partnerships which includes Cooper, a digital gateway provider.
Moreover, EGLD got listed on KuCoin last week, which has also driven some surge in price. Thus, Elrond has new updates frequently like partnerships, listings and so on. Keeping this as a significant update, EGLD would definitely hit the $300 level again very soon.