ElrondERD
$0.0270
Market/Exchange
ERD Price Prediction and Price Movement
We have seen some downward price movements over the past three months as ERD has dropped 0 percent. Though with its relatively large market capitalization, ERD maybe in the middle of a long price consolidation phase, in the case of a strong fundamentals, it would be likely that ERD may bounce back heavily and continue its next phase of upward movement. Therefore traders should spend some extra effort in researching ERD's fundamentals and still be cautious while trading this coin.
Please note that this analysis is purely base on ERD's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Elrond Price Chart
About Elrond
Elrond describes itself as a new blockchain architecture, designed to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two features: Adaptive State Sharding mechanism, and a Proof of Stake (PoS) algorithm, enabling linear scalability with a reportedly fast, efficient, and secure consensus mechanism. Thus, Elrond can reportedly process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost. It aims to become the backbone of a permissionless, borderless, globally accessible internet economy.