Elrond Network has experienced several successful developments recently, which reflects its price. Yesterday, the network acquired Capital Finance Services, which is a member of the Twispay brand, a globally known and active electronic money institution.

Check out this short article to learn what Elrond is, if it's worth buying, and the best places to buy Elrond today.

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What is Elrond?

Elrond is a blockchain protocol that aims to provide extremely fast transactions through the use of sharding. The project describes itself as a technology ecosystem for the new Internet, including fintech, decentralized finance and the Internet of Things.

Its smart contract execution platform can reportedly process 15,000 transactions per second with a latency of 6 seconds and a transaction cost of $0.001.

The blockchain has a native token called eGold or EGLD that is used to pay network fees, pledge and reward verifiers.

Elrond describes itself as the new Internet economy, decentralized application and blockchain platform for enterprise use.

Its main selling point is its high scalability, claiming that it is the first blockchain network to implement state, network and transaction sharding.

Should I buy Elrond today?

There is no substitute for doing your own research. Any investment decisions you make should be based on your market expertise, your attitude toward risk, and the characteristics and distribution of your portfolio. Consider also how you feel about losing money.

Elrond Price Forecast

At the time of launch, 1 EGLD was trading at around $150.00. Trading Beasts is bullish on the token, expecting it to soar above $190 by the end of the year. GOV Capital is even more optimistic. They expect the price to be $634 by the end of the year.

Elrond on social media

3/ 🌎 @ElrondNetwork 1.38 million accounts – 368.83 million transactions – 117.08 million pledges

📲@getMaiar 864K users – 99K user pledges $EGLD