Max E.Wed, Dec 15, 2021 3:13 PM
Elrond (EGLD), Avalanche (AVAX): 15 December Price Digest
The Elrond (EGLD) price today is $287.60. It is up 20.57% in the last 24 hours. During 2021, the protocol has grown significantly due to its competitive advantages: it is a secure, fast and scalable blockchain platform for distributed applications. Compared with other similar platforms, it offers high interoperability and high execution speed.
Thanks to new partnerships and a series of updates, the price of Elrond reached its new ATH at $ 516.79 on 23rd November. On December 14, the project team introduced its new staking provider – P2P Validator, one of the validators of Cosmos Hub and many other networks. It has assets under management for $ 4.5 + Billion, the number of its clients reached 25,000+.
Elrond's success is further evidence that the DeFi trend is gaining momentum as traders are constantly looking for a more scalable, faster and more reliable platform.
The Avalanche (AVAX) Price is up 14.38% 24h.
The reason for the growth was the launch of the USD Coin (USDC) stablecoin from Circle on the Avalanche blockchain. Thus, the number of applications on the platform continues to grow, and the TVL of the decentralized finance ecosystem on this blockchain has grown more than thirty times over the past five months. Analysts are optimistic and predict $142 as the AVAX next Fibonacci extension target.