• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Tuesday, September 16, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

aelf ($ELF) Sees 114% Bullish Momentum Following Token Burn

Will Izuchukwu by Will Izuchukwu
December 24, 2023
in News
Reading Time: 2 mins read
0
Share on TwitterShare on Facebook

aelf, a multichain project that serves as a bridge between Web2 and Web3, has recently gained significant bullish momentum in its native token, $ELF. This decentralized chain prioritizes scalability and high-security levels within its ecosystem.

Notably, $ELF has exhibited an impressive performance throughout the year, boasting a remarkable 568% increase in value. Over the past month, it experienced a 114% surge, and in the last 24 hours, it reached a yearly high at $1.0173.

📢We are pleased to share that we've successfully allocated 1.75 million $ELF from aelf Development Foundation to eBridge, and burned ~1.05 million BEP-20 ELF from aelf's mainnet swap.🔥

đź”—Visit link to read morehttps://t.co/PdDKO6arWx#cryptonews #crypto #blockchain #Web3

— ælf (@aelfblockchain) December 22, 2023

The surge in ELF’s price can be attributed to a strategic move by the aelf team. They announced the successful transfer of 1,750,000 $ELF from the aelf Development Foundation’s administrative address to eBridge. Notably, eBridge stands out as the first cross-chain bridge integrated into aelf’s ecosystem, contributing to its interoperability.

Massive $ELF Token Burn To Watch

Furthermore, aelf initiated a token burn, eliminating approximately 1,050,699.1 BEP-20 ELF from Mainnet Swap. The team has expressed its commitment to keeping the community informed about future $ELF allocations, emphasizing a focus on supporting aelf’s ecosystem where necessary.

This dual approach of integrating cross-chain functionality and reducing token supply through burns has resonated positively with the aelf community. The commitment to transparency and ongoing updates reinforces aelf’s dedication to enhancing its ecosystem and addressing the evolving needs of its user base.

As aelf continues to navigate the complex landscape of blockchain technology, these strategic initiatives underscore its agility and responsiveness to market dynamics, positioning ELF as a token to watch in the evolving Web3 landscape.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.

Follow us on Twitter @thevrsoldier to stay updated with the latest Crypto, NFT, and Metaverse news!

Tags: AltcoinAltcoinsCryptocryptocurrencyELFTrading
Previous Post

Immutable $IMX Gaming Ecosystem Sees Meteoric Rise In December

Next Post

Investor Insights: Elrond (EGLD), Theta Network (THETA), And Pullix (PLX) Garner Attention For Unique Offerings

Related Posts

Featured

Pakistan Moves to Regulate Digital Asset

September 14, 2025
shibarium-shib-hardfork 1
Featured

Shibarium Bridge Hit by $2.4M Exploit

September 14, 2025
coinbase-ceo-bitcoin-Brian Armstrong 1
Featured

Coinbase Explains How Token Listings Work

September 14, 2025
XRP Targets a Breakout as Bulls Eye a 20% Surge
Market Analysis

XRP Targets a Breakout as Bulls Eye a 20% Surge

September 13, 2025
Featured

Bitcoin Takes a Breather After Record High – But the Bulls Aren’t Done Yet

September 13, 2025
Altcoin Season Index Soars to 76 While Bitcoin Dominance Wobbles
Market Analysis

Altcoin Season Index Soars to 76 While Bitcoin Dominance Wobbles

September 11, 2025

Press Releases

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?
News

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

by Alex Mercer
September 10, 2025

Ripple’s XRP is flirting with the $3 mark again, thanks to a tidal wave of speculation around a potential ETF...

Read more
Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

September 2, 2025
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Why Ethereum ATH Could Crush Bears Before Q3 Ends

Why Ethereum ATH Could Crush Bears Before Q3 Ends

August 12, 2025
Ethereum’s 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

Ethereum 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

July 20, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier