Elrond is one of the top blockchains in the Cryptocurrency space. It uses its native token EGLD in payment for gas fees within its ecosystem. Elrond blockchain can complete 15,000 transactions per second. At the time of writing, the price of EGLD is $99.61. Developers and project creators can use the Elrond blockchain to create smart contracts and launch decentralized finance and internet of things projects. Although Elrond is ranked in position 35th in CoinMarketCap, some reasons below show that it could be undervalued: Its present return on investment Its adoption Its present relative strength index value Its present return on investment Elrond was created in 2017 but was announced in August 2019 and its mainnet was launched in July 2020. Since its launch into the market, EGLD has given its long term investors a return of 479%. However, in October 2020, it attained an all-time low price of $6.54. Its present return on investment since attaining this lowest price in about 19 months is 1421% according to CoinMarketCap. This is a good reversal since it has shown that it can attain higher highs. Its present all-time high is $542.58. Tokens with such a response to dips are worth investing in. Its adoption Due to the practical use of Elrond (EGLD), top crypto exchanges like Binance, OKX, and FTX, has it listed. Holders of EGLD can use it to stake and receive trading rewards. With the high adoption of projects in the internet of th...
