3 reasons why Elrond (EGLD) price soared above $245

Elrond price rallied to a record high as the project’s pivot toward NFTs and DeFi attracts new users and investors.As mainstream cryptocurrency adoption increases and more users start transacting on blockchain networks, the need for fast, scalable protocols becomes even more apparent as transaction costs and confirmation times continue to increase. 

In terms of real-world adoption, Elrond announced on April 7 that the Lucian Blaga University of Sibiu plans on implementing crypto payment methods for its 11,000 students, enabling those who are interested to pay their admission fees using EGLD. Another significant development for the project was revealed on April 10 when a partnership with Shopping.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points , the VORTECS™ Score for EGLD climbed into the green zone on April 6 and has remained there since, with a score of 80 registering on April 7, two hours before the price began to rise 48% over the next 5 days.

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Author: Priyanka

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