Price Analysis

Elrond Price Prediction: Maiar Launch

Elrond Price Prediction: Maiar Launch

Elrond has been one of the most profitable altcoin to hold in 2020. We have seen one of the biggest rally in Elrond price this year where it grew by more than 10X.

Once the supply ratio got adjusted and Elrond got renamed to Elrond Gold, we saw another rally from the low price of $6.00 to $42.00. The Elrond train is unstoppable. Elrond is an internet scale blockchain. It is a highly scalable, secure and fast blockchain platform for distributed apps, enterprise use cases and the new internet economy.

Elrond uses adaptive state sharding which makes it highly scalable. It is built on proof of stake consensus which makes it highly secure and the introduction of WASM VM engine makes it developer friendly.

Maiar Launch

Maiar

A digital wallet called Maiar, built using Elrond network will be launched on 31st January, 2021. This wallet will act as a global payments app where you can control your own money and be your own bank. It has multiple features like:

  1. Seamless Onboarding
  2. Herotags
  3. Social Payments
  4. News and Daily Digest
  5. Progressive Security
  6. Multiple Coins
  7. Earn and Staking
  8. Non-Custodial

You can create your Maiar wallet anywhere without the need to remember a username, password or phrase. This wallet will be directly linked to your phone number. Sending money will be as easy as sending a message.

With this new upcoming launch, EGLD is looking good fundamentally. Now let us perform a technical analysis on EGLD to predict its price.

EGLD – Price Prediction

EGLD

EGLD is currently approaching the resistance of $41.76 which is at fib level 1. If EGLD manages to break this resistance and flip it to support, we could start seeing a move towards fib levels 1.618 and 2.618 at $55.36 and $77.38 respectively. Failure to break the resistance at $41.76 could lead to a drop towards $37.05, $31.23 and $25.63.

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Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

 

Source: altcoinbuzz.io
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