The race for the fastest growing crypto asset of all time keeps changing constantly in the present crypto landscape as Elrond is by far the best performing digital coin among the top 100 crypto assets in recent times. Elrond has skyrocketed by over 1,735.54% since its inception of trading at the crypto market.
Shortly after the official statement released by its developers, on its integration, Elrond price blew up the charts lately presently it trades at $ 0.011931, up 1,735.54% since it’s in inception in Aug 2019 when it began trading at $0.002. The exponential increase facilitated this fast-growing digital coin move up to 58th position in terms of market capitalization size. Data obtained from Coinmarketcap, showed its market capitalization was over $157.2 million at the time this report was drafted.
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Quick fact; Elrond is a type of blockchain architecture, created to facilitate a 1000-fold cumulative improvement in the execution of speed. Its architecture combines a Secure Proof of Stake (PoS) algorithm facilitating unlimited scalability. Elrond is originally designed to facilitate the process of over 10,000 transactions per second at cheap cost and with 5-second latency attempting to become the backbone of borderless, permissionless, and globally accessible internet economy.
In addition, Beniamin Mincu, Elrond CEO explained in detail how the Elrond blockchain is perfectly positioned to deliver the needed responsiveness and scale. He said;
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“Getting access to all the available liquidity from day 1 is an important prerequisite for anyone building DeFi tools. This integration enables Elrond to be part of many existing cross-chain DeFi applications. We’re excited to work with Swingby and increase access to Elrond’s highly scalable and cost-effective solution,” Mincu said.
