EGLD: Strong technology, thriving ecosystem, small market cap, I see potential!
1. Explosive technology: Fast + cheap + able to connect!
Using sharding technology and a special voting mechanism, the speed is incredibly fast, and the fees are extremely low. It surpasses Ethereum and rivals Visa. The key is seamless cross-chain capabilities, easily connecting to Ethereum and Binance Chain, making asset transfers convenient. Binance opening trading pairs and using bots is because they recognize this point.
2. The ecosystem is alive: It's not just a shell!
There are over 200 applications running on-chain. Their own exchange, Maiar, has 0 fees + fiat to crypto, resulting in user growth to 800,000, locking up $230 million! Even more impressive: They are bringing real-world assets on-chain, like Turkey's "electronic lira" stablecoin. By truly opening up the fiat gateway, EGLD's demand will surely skyrocket! When Solana's ecosystem was hot, its price soared; EGLD is on the same path, and its price will definitely be revalued!
3. Attractive market cap: Potential of small-cap stocks?
The total circulating market cap is only $56.4 million, which is quite small in the crypto world. The key is that 25% of the total supply is held by the community, and the team has locked their coins for 3 years, resulting in low actual circulation! The market cap is light. The technical side has been sideways for a few months, and the indicators are oversold, so a breakout is likely soon. Binance is aggressively adding trading pairs, seemingly paving the way for future institutional funds to enter; is the liquidity dividend just beginning?
4. Risks? Yes! But more focused on opportunities!
Competitors are definitely strong. But I believe Elrond has a solid technological foundation and a bit of a moat. The biggest opportunity: Market trends have changed! Not just looking at pure speculation, but who can truly provide utility! Elrond is working on cross-border payments and supply chain finance, which are exactly what traditional institutions are trying to explore. Hitting this trend, a doubling of valuation wouldn't be surprising? The imagination space is immense!
