Elrond: Decoding reasons behind EGLD’s attempts to rally
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. Some of them are ready for mass adoption. One such blockchain is the Jungle DEX. The team saw this as ‘not just a product launch, but an open door to real, raw innovation.’
<p lang=«en» dir=«ltr» xml:lang=«en»>The Jungle DEX go-live is not just a product launch, but an open door to real, raw innovation.The combination of Maiar DEX premium DeFi experiences and internet-scale blockchain tech, w/ a permissionless environment, will supercharge community-driven innovation.#elrondtech
Read more on ambcrypto.com
![Solana [SOL]: Close above this pattern can initiate a breakout rally](https://fvbb.com/storage/thumbs_400/img/2022/7/12/32475_zdhs.jpg)
![Bitcoin Cash [BCH]: Is there a potential shorting opportunity on the cards](https://fvbb.com/storage/thumbs_400/img/2022/7/10/32263_lxr1e.jpg)
![Can Cardano [ADA] see a 140% rally in a few months?](https://fvbb.com/storage/thumbs_400/img/2022/7/8/32022_jtfem.jpg)
