Trading EGLD is basically considered a good day to day trading choice on how to make profit and a lot of CEXs do offer staking for it and a lot of people do consider a low risk staking option even lesser risk than staking other tokens. My question is why tho? Is the project considered to be that much of a solid base project token to invest in? I don't really know much about it
I don't know much about the project either, as far as I know they are a project formerly known as Elrond, a long-standing layer 1 blockchain. Today's chart shows a price increase on their token, it's 9%. I also see staking offers for this coin on various CEXs, there should be something there.
I thought you don't know much about it? But I think you are pretty familiar with them because you even know that they are previously called as that (Elrond). I'm not new on them and I think that Elrond is actually their full token name and it didn't change all throughout the years. I remember I even got a drop of this token before but we know the airdrops. They can usually give us a small amount of token/money.
Even though staking is a thing now on most cryptos but this token is one of those early adopters of it. A lot of people are bullish about this before. I only got convinced when I checked the token's stats online. I think they still got it even at this point, so yeah.