Dawn Reporter

Elrond is a cryptocurrency developed to solve the classic blockchain trilemma and make the technology better. The concept is considered promising, which is why the cryptocurrency has drawn the attention of many investors.

Before investing in this cryptocurrency, however, it is important to learn about its prospects. Traders Union experts conducted a comprehensive analysis of the coin prices and prepared Elrond price predictions.

What is Elrond?

Elrond is a blockchain project that aims to solve the blockchain trilemma. The platform’s consensus algorithm employs segmenting in its architecture to increase transaction throughput capacity. The crypto platform also uses sharding, where data is distributed by segments during the peak congestion of the blockchain, thereby providing higher speed for the segment.

In 2021, the ELGD price recorded over 20x growth, followed by gradual decline. Before buying this coin, it is important to review its price predictions to understand whether the cryptocurrency price will rise in the future.

Elrond outlook

As a part of evaluation of Elrond prospects, Traders Union experts prepared three possible scenarios: pessimistic, interim and optimistic. For example, in the medium term, i.e. by December 2025, the coin price is predicted at the following levels:

• Pessimistic prediction – $122.69;
• Interim prediction – $136.32;
• Optimistic prediction  – $149.95.

Experts also made a long-term price prediction. By the end of 2030, the cryptocurrency price could reach the following levels:

• Pessimistic prediction – $626.84;
• Interim prediction – $696.49;
• Optimistic prediction  – $766.14.

Traders Union experts also make price predictions for other cryptocurrencies. For example, traders can review Enjin price predictions.

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Country: Cyprus
Website: https://tradersunion.com/