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Three reasons why the price of Elrond (EGLD) is hitting new daily highs By Cointelegraph

Three reasons why the price of Elrond (EGLD) is hitting new daily highs

Decentralized finance-focused protocols are seeing a sustained upward transfer, and the momentum seems to be choosing up tempo now that the NFT sector has cooled off over the previous two weeks.

Since the starting of August, Elrond (EGLD) — a scalable and safe blockchain platform designed for distributed apps and enterprise-level companies — has been in a powerful rally.

EGLD/USDT 4-hour chart. Source: TradingView
VORTECS™‌ ‌Score‌ ‌(inexperienced)‌ ‌vs.‌ EGLD ‌price.‌ ‌Source:‌ ‌‌Cointelegraph‌ ‌Markets‌ ‌Pro‌