Fundamentalist analysis EGLDUSDTFundamentally, Elrond offers a mix of traditional finance and decentralized finance to its users and is therefore accessible to all. Financially surviving the FTX crash I believe EGLD is among the top 20 most promising coins on the market.
It's a whole defi ecosystem and developers can use the blockchain to develop Dapps and Egld, the native token, was created to rival bitcoin as a store of value.
The two core features that distinguish Elrond from other Tiers 1 are its adaptive state sharding and the Secure Proof of Stake (SPoS) consensus mechanism.
Elrond is a huge network and it continues to grow. The biggest project currently found on the network is Maiar. Maiar is a digital wallet and global payments app. Makes it easy to buy and transfer crypto from a mobile phone or Google Chrome extension.
Technically already, EGLDUSDT has been in a strong downtrend, its price has broken below major supports. Buyers need to stay in control to give bullish momentum from here.
