28 Dec 2020
A research report on Elrond (EGLD)
Target Price: $68.24 (212% Upside) | Website
Maiar to fuel Elrond’s explosive ecosystem growth
Since our last report in Jan 2020, Elrond hit significant milestones throughout the year with the launch of Elrond mainnet (>80,000 accounts created with over 1.2m transactions), releasing a new token economic model (1,000 ERD = 1 EGLD), and surpassing our prior price target to achieve 750%+ returns for the year (after rebasing).
It has been a successful year for Elrond as they achieved many milestones, gaining a foothold amongst the top-tier large cap projects. Re-visiting our analysis, we want to update our thematic views and identify a potential price target for Elrond going into 2021.
In this report, we highlight the important developments in the Elrond Network along with an investment thesis on EGLD.
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