Published
1 year ago on
July 08, 2022
Crypto news today indicates that the much-dreaded crypto winter is here. In what crypto analysts call the longest bear market in history, the biggest losers have been the world's largest cryptocurrencies by market cap. Bitcoin (BTC) has been treading dangerously along the $20,000 limit for the past couple of days, and the same goes for Ethereum (ETH) and its $1000 limit. Crypto analysts believe it is going to get worse before it gets better. Whether this is true only time will tell.
The bear market doesn't necessarily mean a halt to things within the industry. In fact, this is the perfect avenue for long-term cryptocurrency purchase as crypto prices are at an all-time low. Traders should look to take advantage of the situation by looking into these three altcoins - Elrond (EGLD), ApeCoin (APE) and RoboApe (RBA). In this piece, we examine the three altcoins in depth.
Elrond (EGLD) is a blockchain platform that seeks to offer extremely fast transaction speeds through a technology known as sharding. The platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost. Its native cryptocurrency, EGLD, is used for paying network fees, staking and rewarding validators.
The Elrond (EGLD) platform was first announced in August 2019, and its main net went live in July 2020. The platform was co-founded in late 2017 by brothers Beniamin and Lucian Mincu alongside Lucian Todea as a solution to the problem of blockchain scalability, one of the most pressing problems that the cryptocurrency industry faces
Elrond (EGLD) is popularly referred to as a blockchain platform for the new internet economy, decentralised applications (dApps) and enterprise use due to its high scalability capabilities. The platform also supports developers building on the platform, allowing them to earn 30% of the smart contract fees as royalties to increase adoption.
According to Coinmarketcap, Elrond (EGLD) has a limited supply that starts at 20,000,000 EGLD, with new tokens minted to reward network validators. EGLD is available on several crypto platforms such as Binance, OKEx, Bitfinex and BitMax.
