EGLD Elliott Wave Analysis Today ! Price Prediction #egld

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EGLD, or Electronic Gold, is MultiversX's native token. It acts as a store of value currency to pay for network usage. The coin also serves as a medium of exchange between platform users and validators. Users pay transaction fees in EGLD and validators participate in the consensus process.

What it is
EGLD is the native token of the Elrond blockchain platform, which allows users to create decentralized applications and cryptocurrencies.

How it's used
EGLD is used for staking, voting, transacting, and paying network fees. It's also the central asset in the network's incentivization system, which rewards participants for supporting the system.

How it works
Elrond uses sharding to process transactions quickly, and can reportedly handle up to 15,000 transactions per second.

The network
The Elrond network is decentralized via more than 3,000 nodes and is scalable through sharding.

The supply
The maximum supply of EGLD is 31,415,926, and the current circulating supply is 27,644,189.

The ecosystem
Elrond's ecosystem includes fintech, decentralized finance, and the Internet of Things.

The founders
Elrond was co-founded in late 2017 by brothers Beniamin and Lucian Mincu, along with Lucian Todea.



Nothing in this video is financial advice, everything is intended as educational and informational content. Nothing I write or discuss may be used as investment, financial, legal, regulatory, accounting, tax or similar advice. Nothing should be interpreted as a request to invest in cryptocurrency, and nothing should be used as a recommendation to participate in any investment strategy or transaction. Please note that it is in your best interest to consult with investment, legal, tax or similar professionals regarding specific situations and any future transaction decisions. You must determine your own eligibility to trade. Future trading results can never be guaranteed. I am not an investment advisor.



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