Picolo Research, which conducts independent research on ICO and Blockchain Initiatives, has published its new research report on Elrond (EGLD).
Full report at this link You can reach https://bit.ly/351YIgj.
In the report titled An Independent Review of Elrond (EGLD), it is mentioned that Maiar and Elrond’s ecosystem is growing fast and creating a new architecture.
It is stated that a public blockchain with adaptive state sharing technology (Adaptive State Sharding) and Secure Proof of Stake consensus (sPoS) enables a scalable ecosystem embedded with interconnectivity while maintaining decentralization, security and fairness.
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Since the last report by Picolo Research in January 2020, more than 1.2 million transactions and 80,000 accounts have been created on the Elrond Mainnet and a new token model has been adopted.. (1,000 ERD=1 EGLD) The previous price target was to achieve a return of more than 750% within one year.
The year 2020 has achieved many important milestones for Elrond, ensuring a place among high-end large-scale projects. In the research, which stated that it was a successful year, a potential price target was determined for Elrond in 2021.
• The target price of $68.24, which represents an upper potential of 212%,
• EGLD High-stake rewards and upcoming DeFi initiatives as key drivers for value growth
• Launch of global payments app Maiar to create a significant headwind for broad adoption and growth.
Elrond will be part of the Bonded Finance index basket as it positions itself to gain more market share among the first layer (Layer 1) protocols. Decentralized derivatives platform Injective Protocol and Orion are jointly exploring how Elrond’s technology can leverage trading platforms as they introduce new derivatives products for EGLD. It will be able to interact with other major blockchains such as Ontology and Cosmos (via Poly Network) or use stablecoin and Ethereum-based DeFi contracts on Elrond (via xDai stake). Comprehensive analyzes of Elrond are included in the report, saying that it will not only provide more benefit value, but also increase Elrond’s presence in the DeFi field.
You can access the full report from this link https://bit.ly/351YIgj and Elrond You can learn more about.