With Bitcoin (BTC) largely in the spotlight after hitting a new all-time high of nearly $24,000, other projects are starting to ride BTC’s coattails as well. One of the latest standouts is Elrond (EGLD), which is up 20% over the past 24 hours and nearing its all-time high.
The current highs above $27 is an increase of over 200% in December and more than 1,500% year-to-date, marking an extremely bullish year for this project.
Elrond becomes ninth crypto project listed on eToroX
Elrond’s recent run isn’t based on technicals only as the self-pronounced internet-scale blockchain got listed on eToroX as the ninth cryptocurrency. Only large-cap coins are listed on this exchange, but Elrond has becomes the first exception.
Elrond originally started as an initial exchange offering from the Binance Launchpad, which took place in July 2019. Since then, the project has seen some significant changes. One of those changes was the Mainnet Swap, as the ERD token became EGLD in the summer of 2020. This swap took place during the launch of the mainnet.
Additionally, a new Defi app that uses the Elrond blockchain is expected to launch next year. This app is called Maiar, a non-custodial digital wallet and global payments app for exchanging and storing money.