Elrond [EGLD] traders looking forward to cutting losses should read this
to the team, the DEX is “not just a product launch, but an open door to real, raw innovation.”
Since the launch of the DEX, the network’s native coin, EGLD, has been consolidating in a tight range on the daily chartSince the launch of the DEX, a gradual increase in buying pressure forced an uptick in the price of the EGLD coin. Between 1 July and 7 July, the price of EGLD rose to a high of $57.08.
Although trading volume saw a 17% uptick within that period, the lack of a corresponding increase in price showed an increasing distribution of EGLD coins at press time.
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