'Buy the rumour, sell the news' on ERD?

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Jul 8, 2020

While many (including us at Santiment) have recently declared a full-blown ‘DeFi season’, much of the recent market action and ongoing coin breakouts can sneakily be filed under another, way less hyped moniker - ‘mainnet season’:

Side by side with the proliferation of DeFi-related solutions and tokens, a growing number of crypto projects have either announced or launched their respective mainnets over the past couple of months, providing a complementary catalyst to these market-wide surges and low/mid-cap rallies.

We have covered plenty of mainnet-prompted pumps in the past few weeks, including the likes of REN, Kyber, Cardano and Quant, to name just a few. The latest example comes to us by way of Elrond (ERD), which promises a “highly scalable, fast and secure blockchain platform for distributed apps, enterprise use cases and the new internet economy.”

Elrond successfully completed its

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