Blockchain

Elrond: Decoding reasons behind EGLD’s attempts to rally

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ambcrypto.com

Elrond, a fast, scalable smart contract blockchain network witnessed an impressive amount of traction this week. In fact, the EGLD token’s price jumped by 9% over the last 24 hours of 3 July to tade around the $50 mark.

Indeed, an impressive rise despite the weary market conditions at the moment.So the most pertinent question is- What really triggered this rally here?In only a short couple of years, DeFi products have been invented, explored, and refined.

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