- Elrond (EGLD) is expects to reach $121 soon.
- EGLD breaks the descending wedge pattern indicating the price reversal pattern.
- Elrond Network made a partnership with GraphLinq.
Elrond (EGLD) is expected to reach $121 soon. However, The Wolf Of All Streets made a tweet, mentioning that EGLD breaks the descending wedge pattern. More so, this indicates the price reversal pattern of EGLD.
$EGLD (USDT)
Break of descending wedge with multiple retests of resistance as support. Nice volume bouncing off of support.
Target around $121.
All depends on $BTC stability, like every other setup. pic.twitter.com/xw3lUJ3JkN
— The Wolf Of All Streets (@scottmelker) July 3, 2021
Elrond is an internet-scale blockchain. Moreover, it is developed from the beginning to bring a 1000-fold improvement in throughput, and execution speed. More so, two key innovations: a novel Adaptive State Sharding procedure, and a Secure Proof of Stake (PoS) algorithm has been enabling linear scalability with a fast, secure, and efficient consensus method.
Furthermore, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to reach the backbone of a permissionless, borderless, globally accessible internet economy.
According to CoinMarketCap, the EGLD price is $103 with a 24-hour trading volume of $130,736,860, at the time of writing
From the above chart, it is clear that the price of EGLD moved in the same direction as Bitcoin (BTC).
Even more, Elrond Network made a partnership with GraphLinq for integration on the Engine, IDE, App & Analytics.
Elrond Network CEO Beniamin Mincu said,
“Our growing community of supporters and ecosystem partners are very excited about the capabilities of the Elrond Network, but not all of them are developers. Tools like Graphlinq enable more people to experiment with our tech directly and seize opportunities that normally require writing code.”
Recently, Co-founder of Elrond and Maiar Lucian Mincu made a tweet that the Elrond network is ready for Maiar Exchange.
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