The price of Elrond has risen up close to 700% over the current month- with several new partnerships and upgrades putting confidence into the whole project. To the uninitiated, Elrond is nothing but a protocol of blockchain which has been designed to bring out faster transaction speeds that would then be implemented through dapps and cases.
Also, one could definitely use them with enterprise use cases, and the internet economy. The price increase of Elrond followed the surge in prices of Maiar wallet- one that provides the user a variety of features which include the utility of making social payments. They can do this through ‘herotags’. This upgrade also enables Elrond the token stakes that will help them bring out rewards.
Elrond Has Definitely Profited From The Influx Of Companies Channeling Their Support
The team states that the wallet from Maiar has been operating through a blockchain that is internet-scale- one that allows users the option of streamline payment. This wallet will also provide users the ability to send money as well as make payments using an interface that would be critically similar to messaging. The interface is quite simple for those who have been dealing in high-end security and come armed with gaming experience.
According to data which has come over from TradingView and Cointelegraph, Elrond has risen by almost $60.55 to reach a high of around $216.98. This upward trend in the price of Elrond got highlighted in the December of 2020 with Bitcoin breaking the barrier of $24,000 for literally the first time.
The price went on surging even after the team announced that this network channel would intermingle with the Binance Smart Chain the next month. This decent upgrade allows for participation for several chains- along with providing opportunities for DeFi on multiple networks.
