3 reasons why Elrond (EGLD) price soared above $245

Cointelegraph

Published Apr 14, 2021 02:38PM ET

Updated Apr 14, 2021 04:20PM ET

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.

One protocol that has seen significant gains over the past month as new individuals and organizations continue to flood into blockchain is Elrond (EGLD), “a highly scalable, fast and secure blockchain platform for distributed apps, enterprise use cases and the new internet economy.”

EGLD/USDT 4-hour chart. Source: TradingView
VORTECS™ Score (green) vs. EGLD price. Source: Cointelegraph Markets Pro

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