{"id":226898,"date":"2021-04-14T21:38:53","date_gmt":"2021-04-14T18:38:53","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/3-reasons-why-elrond-egld-price-soared-above-245\/"},"modified":"2021-04-14T21:38:53","modified_gmt":"2021-04-14T18:38:53","slug":"3-reasons-why-elrond-egld-price-soared-above-245","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/3-reasons-why-elrond-egld-price-soared-above-245\/","title":{"rendered":"# 3 reasons why Elrond (EGLD) price soared above $245"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3dcb58050a2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3dcb58050a2\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/3-reasons-why-elrond-egld-price-soared-above-245\/#Protocol_upgrades\" >Protocol upgrades<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/3-reasons-why-elrond-egld-price-soared-above-245\/#Real-world_adoption_also_drives_Elrond_pric\" >Real-world adoption also drives Elrond pric<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/3-reasons-why-elrond-egld-price-soared-above-245\/#VORTECS%E2%84%A2_data_preceded_the_recent_breakout\" >VORTECS\u2122 data preceded the recent breakout<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># 3 reasons why Elrond (EGLD) price soared above $245 <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>As mainstream cryptocurrency adoption increases and more users start transacting on blockchain networks, the need for fast, scalable protocols becomes even more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>arent as transaction costs and confirmation times continue to increase.\u00a0<\/p>\n<p>One protocol that has seen significant gains over the past month as new individuals and organizations continue to flood into blockchain is Elrond (EGLD), \u201ca highly scalable, fast and secure blockchain platform for distributed apps, enterprise use cases and the new internet economy.\u201d<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-04\/c913914d-8c06-45fc-9ba1-2129e95482b6.png\"><figcaption style=\"text-align: center;\"><em>EGLD\/USDT 4-hour chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>Data from Cointelegraph Markets and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/EGLDUSDT\/\">TradingView<\/a> shows that since reaching a low of $115 on March 25, the price of EGLD has rallied more than 110% to a new all-time high at $245.80 on April 12 as a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of positive announcements have led to increases in trading volume. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Protocol_upgrades\"><\/span>Protocol upgrades<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Taking a look at the project\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> feed shows that the team at Elrond has been busy expanding the capabilities of the Elrond blockchain and establishing significant partnerships that include real-world protocol integrations. <\/p>\n<p>The most recent announcement came on April 11 when the project revealed the token specs for the Elrond Standard Digital Token (ESDT), nonfungible tokens and semi-fungible tokens. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">True ownership in a high throughput, low latency inexpensive blockchain will be a powerful catalyst for adoption, even in areas previously not thought possible to decentralize.<\/p>\n<p>Introducing the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ElrondNetwork?ref_src=twsrc%5Etfw\">@ElrondNetwork<\/a> ESDT, NFT &amp; SFT specs:<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/hypergrowth100?src=hash&amp;ref_src=twsrc%5Etfw\">#hypergrowth100<\/a> Day 98<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/jDiFRAbqXT\">https:\/\/t.co\/jDiFRAbqXT<\/a><\/p>\n<p>\u2014 Lucian Todea (@luciantodea) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/luciantodea\/status\/1381673049817280515?ref_src=twsrc%5Etfw\">April 12, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>One key feature of the ESDT standard is that tokens issued on Elrond do not need their own smart contracts, which helps reduce their storage footprint and cost. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Real-world_adoption_also_drives_Elrond_pric\"><\/span>Real-world adoption also drives Elrond pric<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In terms of real-world adoption, Elrond announced on April 7 that the Lucian Blaga University of Sibiu plans on implementing crypto payment methods for its 11,000 students, enabling those who are interested to pay their admission fees using EGLD. <\/p>\n<p>Another significant development for the project was revealed on April 10 when a partnership with Shopping.io revealed the ability to use EGLD to shop and earn rewards with some of the largest retailers in the United States: <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BIG <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>. <\/p>\n<p>US shoppers to pay with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24EGLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$EGLD<\/a> at e-commerce giants such as Amazon, Walmart &amp; eBay via <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/shopping_io?ref_src=twsrc%5Etfw\">@shopping_io<\/a>. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/hypergrowth100?src=hash&amp;ref_src=twsrc%5Etfw\">#hypergrowth100<\/a> Day 92.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/4MkU514lq2\">https:\/\/t.co\/4MkU514lq2<\/a><\/p>\n<p>\u2014 Beniamin Mincu \u26a1 (@beniaminmincu) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/beniaminmincu\/status\/1379416317728546816?ref_src=twsrc%5Etfw\">April 6, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The nonfungible token platform Polkamon also helped bring extra attention to Elrond recently when it <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ElrondNetwork\/status\/1379830092759728130\">revealed<\/a> that it would be integrating with the Elrond platform in Q3 in order to \u201cenhance the user experience with additional speed &amp; convenience.\u201d<\/p>\n<p>And leaving no sector unaddressed, Elrond has also been able to capture some of the hype around decentralized finance as the protocol\u2019s Maiar digital wallet and global payments app now prepares to launch its <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/beniaminmincu\/status\/1380603156531445767\">Maiar Exchange<\/a> on April 19.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"VORTECS%E2%84%A2_data_preceded_the_recent_breakout\"><\/span>VORTECS\u2122 data preceded the recent breakout<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Developments for Elrond were able to be captured by VORTECS\u2122 data from Cointelegraph Markets Pro, which began to detect a bullish outlook for EGLD on April 6, prior to the recent price rise. <\/p>\n<p>The VORTECS\u2122 Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-04\/943fae84-121e-4ec8-97cc-afce7a6d79dd.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. EGLD price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for EGLD climbed into the green zone on April 6 and has remained there since, with a score of 80 registering on April 7, two hours before the price began to rise 48% over the next 5 days. <\/p>\n<p>Thanks to its multi-functionality along with fast transaction times and low fees, Elrond is well-positioned to make further gains in price and overall adoption as blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> continues to make inroads into mainstream society. <\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/3-reasons-why-elrond-egld-price-soared-above-245\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# 3 reasons why Elrond (EGLD) price soared above $245 &#8221; As mainstream cryptocurrency adoption increases and more users start transacting on blockchain networks, the need for fast, scalable protocols becomes even more apparent as transaction costs and confirmation times continue to increase.\u00a0 One protocol that has seen significant gains over the past month as&#8230;<\/p>\n","protected":false},"author":1,"featured_media":226899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvOTJmNzNkNjktNWEwMS00MGI0LTlkNDgtODU5N2Y2N2FiOWI5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74937,74894,74863,74868,74939,95118,76341,117,73785],"class_list":["post-226898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-bitcoin-price","tag-blockchain","tag-cryptocurrencies","tag-defi","tag-market-analysis","tag-nft","tag-scalability","tag-business","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/226898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=226898"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/226898\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/226899"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=226898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=226898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=226898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}