Elrond’s Price Skyrockets 60% in 3 Days Following News on Liquidity Incentive Program

The popular blockchain network – Elrond – has been getting a lot of traction lately, and this has propelled the price of its native EGLD token through the roof. It surged by almost 60% in three days.
EGLD’s Rally
Leading up to November 19th, EGLD’s price was around $300. However, last Friday, this changed drastically, and the token charted a new all-time high of around $492 today.
One of the main reasons behind the price expansion might have been the $1.29 billion liquidity incentive program, which Elrond introduced on Friday. The initiative aims to “supercharge” the upcoming launch of the platform’s native decentralized exchange – Maiar.
According to the press release shared with CryptoPotato, the DEX will use its utility and governance token – MEX – to transfer the funding. $282 million of the total amount will be distributed in the first month to those users of the trading venue who provide liquidity in EGLD, MEX, and USDC.
Elrond has already distributed ownersh

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