Elrond to Launch Gold and Silver Backed DeFi

High-throughput blockchain platform Elrond is delving deeper into decentralized finance with its latest offering which will tokenize precious metals. Sponsored Sponsored Elrond has gone into partnership with U.K. fintech firm Aurus that facilitates the tokenization of precious metals and commodities. Three tokens for gold, silver, and platinum — AWG, AWS, and AWP — will be issued … Read more

EGLD Sustains Bullish Trend With Bounce at Long-Term Support

Elrond (EGLD) has validated a long-term ascending support line that has been in place since November 2020.  Technical indicators support the continuation of the upward movement. An increase above $125 would confirm the bullish trend. EGLD bounces at long-term support line EGLD has been moving downwards since it reached an all-time high price of $245.8, … Read more

EGLD Breaks Out From Long-Term Resistance Line

The Elrond (EGLD) price has been increasing since it broke out from a long-term descending resistance line on Oct. 24.  EGLD has reclaimed the $9.60 resistance area, and it is expected to continue increasing as long as it is trading above this level. Despite this, lower time-frames suggest that a short-term drop is expected before … Read more