Independent research on blockchain startups and ICO’s

Elrond (EGLD)

28 Dec 2020

A research report on Elrond (EGLD)

Rating: Buy

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).

Report Highlights

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.

  • Target price of $68.24, representing an upside potential of 212%
  • High staking rewards and upcoming DeFi initiatives as key drivers for EGLD value accretion
  • Launch of global payment app Maiar to create significant tailwind for wide-spread adoption and growth

Want to see the rest? Download the report at the top of the page free.

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