TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Cryptocurrency

Cardano faces Challenge From Elrond Prior to Summit! 2021

by souhaib
September 22, 2021
in Cryptocurrency
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


You might also like

Where to Buy ETH Online?

Identifying a Suitable Platform from Biggest Cryptocurrency Exchanges

Fantom(FTM), Loopring(LRC) Price Eye Another 20% Upswing, While Avalanche(AVAX) May Witness a 10% Plunge! – Coinpedia – Fintech & Cryptocurreny News Media 2021

elrond (1)

The crypto space is undergoing extreme volatility as the market lost nearly $150 billion. And the total liquidations recorded were more than $500 million in 24 hours soon after the economic turmoil from China’s real-estate giant Evergrande on 20th September. A huge crash has shaken Bitcoin price but Cardano (ADA) price and Elrond (ELRD) stood out and regained the momentum quickly.

What’s Big on the Cards of Cardano and Elrond?

Despite the market crash, Cardano price holds tight to its support zone between $1.9 to $2.40. The network is making new headlines every day prior to the Cardano summit on 25th and 26th September. Just a few days before the summit exciting news is in! In regards to its new partnerships and funding.

SundaeSwap labs Decentralised exchange built on Cardano received $1.3 million funding from cFund.vc. This funding will give a huge boost to SundaeSwap to further proceed with the development of the DEX and enhance the user experience.

Officials say this is just the beginning and Cardano will come up with industry-defining announcements at the biggest blockchain event happening on the 25th and 26th of September.

But prior to the summit, there comes a challenge by Elrond network, making huge noise across the market with its continued collaborations.

Elrond’s new Collaborations to Outperform Cardano?

EGLD continued to carry its price momentum for the past two months. Elrond is trading at $214.16 at the press time and spiked by 8.87% in the past 24 hours. The EGLD price recently hit new ATH at $280.96 on September 14th. This price gain is followed by series of its collaborations and also with unique service offerings, it seems EGLD might surpass Cardano’s market cap.

Cardano can process 250 to 1000 transactions per second whereas Elrond carries out 15,000 transactions per second.  When it comes to staking rewards Elrond holds the upper hand by providing 19-29% of rewards and ADA offers 5-7% staking rewards. Fees charged by Elrond is 0.006 USD and Cardano charges 0.227 USD per transaction. Elrond blockchain works with the Secure Proof-of-Stake mechanism and supports Adaptive state sharding. Cardano is a Proof-of-Stake blockchain platform. 

Elrond Network Collaborations

  • Elrond network partnered with the Tatum platform, to enable developers to build efficient Elrond dApps to attract newbies.
  • Recently Elrond teamed up with Offsetra to reduce the overall energy consumption. This collaboration aims to maintain Elrond’s carbon-negative energy consumption approach.

Overall,  Cardano’s has a lot more barriers to cross. Elrond is active and is coming up with new partnerships and innovative projects every day. If everything goes in favour of Elrond it might steal the momentum from other prominent crypto assets. Crowd sentiment says that ELRD has the strong potential to surpass $500 in the coming days.

Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.





Source link

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Share30Tweet19
Previous Post

Internet Computer will take Bitcoin to the next level by enabling smart contracts 2021

Next Post

Depay and De Jong are at the top of Barcelona’s list in preparation for the Cadiz match

souhaib

Recommended For You

Where to Buy ETH Online?

by souhaib
March 21, 2022
0
Where to Buy ETH Online?

Have you decided to invest money in ETH? It’s a good choice as Ethereum is a leading coin in the crypto market. It has a great potential to...

Read more

Identifying a Suitable Platform from Biggest Cryptocurrency Exchanges

by souhaib
March 8, 2022
0

There are some biggest cryptocurrency exchanges in the market that are known and used all around the globe. However, these platforms offer various services and are not suitable...

Read more

Fantom(FTM), Loopring(LRC) Price Eye Another 20% Upswing, While Avalanche(AVAX) May Witness a 10% Plunge! – Coinpedia – Fintech & Cryptocurreny News Media 2021

by souhaib
February 7, 2022
0

With the Bitcoin price gaining huge strength, the entire crypto space is gaining a good bullish momentum. And hence as the Ethereum price comfortably hovering above $3000, the...

Read more

Where to buy SuperFarm (SUPER) coin: it is up 24% today after Coingecko listing 2021

by souhaib
February 7, 2022
0

The price of the SuperFarm (SUPER) coin has been rising since mid-January and the bullish momentum gathered momentum after today’s listing on Coingecko. To help investors and traders...

Read more

Cardano(ADA) Looking for a Breakout, A Scalp to $1.23 May be Extremely Possible! – Coinpedia – Fintech & Cryptocurreny News Media 2021

by souhaib
February 7, 2022
0

The Cardano(ADA) price had plateaued after falling down from a huge mountain. The top 6th crypto asset in recent times has accumulated significant gains and may continue surging...

Read more
Next Post

Depay and De Jong are at the top of Barcelona's list in preparation for the Cadiz match

No Result
View All Result

Recent Posts

  • Faced with the shortage in the United States, Nestlé will export baby milk from Switzerland
  • The Sao Paulo Stock Exchange adds its fifth rise driven by abroad
  • Amber Heard questioned about her drug use
  • Modernization of Monterrey-Colombia and Salinas Victoria-Industrial Zone highways will cost 1,500 million pesos
  • Egypt presents its vision to get out of the economic crisis..a strategic plan or just palliatives? | Economie

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.