What is eGLD?
Elrond officially launched main network with the help of Binance network. in this update from 3rd September all ERD Token will automatically swapped into eGLD Token. Swapped between this token can be done by using Elrond Swap Bridge and Binance Platform. Elrond launch cause 99% supply reduction that means deposit and withdraw will be suspended, however value of 1 eGLD Token will increase and at same time balance will remain same.
Elrond is known as one of finest project of blockchain that aim to provide scalable and secured project was started in 2018. Elrond enable parallel transaction process where adaptive state sharding can brings 1000x times improvement in TPS. Network adopted new consensus algorithm i.e. secure proof of stake that support long term security and distributed fairness.
The ecosystem passive pushing developers, business and validator to use Elrond to build internet economy. Basically, the platform enable access to digital economy with maintaining experience and speed of blockchain. Elrond has multiple VM Engines means user can integrate with WASM VM Engines. Elrond aim to provide developer friendly nature where creating abstraction layer with support of smart contract language. in development process network also offers testing deployment that can be complete within in a minute.
eGLD Price Prediction
|Month & Year||EGLD Price Prediction|
|Based on||Scalable blockchain|
|All-time high||$32 USD|
|Exchange Platform||Binance, WazirX|
|Wallet||Metamask, Crypto.com, Ledger, Trust Wallet.|
eGLD Price Analysis
eGLD after swap can hiked with skyrocket speed, similar like Polkadot surge with from $2 USD to $6 USD in less than 1 week. However, eGLD will be worth nearly $22 USD where price of ELD was $0.02 USD. Elrond new token will be having same market volume of approx. $400+ million USD worth. On 4th September 2020 as per Binance price chart Elrond was spotted trading at $32 USD and as of writing it almost dropped by half of price. however, Staking Elrond Token still having big year return as compare to other that ultimately help join more delegator and validator. It means eGLD will receive rewards for supporting Elrond network and user in staking hold their investment for 1 year in order to gained more rewards.
How much EGLD Worth in 5 years?
Probably worth $70 USD
is EGLD a Good Investment?
yes, Staking EGDL can help you to earn fixed rewards.
The platform supported by Binance can massively help this project to grow in future. the main network of Elrond blockchain is most awaited upgradation finally completed by introducing new token. Network already highly scalable where it can scale more than 250k transaction can be complete per second. However, project already integrated with big project like Chainlink, Matic Network and more. Elrond Blockchain help business to integrated their project with blockchain with maintaining security, scalability and lower transaction speed.