Elrond (EGLD) Trading Up 7.5% This Week

Elrond (EGLD) traded down 1.1% against the US dollar during the twenty-four hour period ending at 19:00 PM ET on October 16th. In the last week, Elrond has traded 7.5% higher against the US dollar. Elrond has a market capitalization of $728.49 million and approximately $12.56 million worth of Elrond was traded on exchanges in the last 24 hours. One Elrond coin can now be bought for about $26.47 or 0.00039065 BTC on popular exchanges.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 8.1% higher against the dollar and now trades at $0.0494 or 0.00000073 BTC.

Elrond Coin Profile

Elrond uses the hashing algorithm. It was first traded on September 3rd, 2020. Elrond’s total supply is 27,518,546 coins. Elrond’s official Twitter account is @multiversx and its Facebook page is accessible here. The official website for Elrond is multiversx.com. Elrond’s official message board is multiversx.com/blog. The Reddit community for Elrond is https://reddit.com/r/elrondnetwork and the currency’s Github account can be viewed here.

According to CryptoCompare, “MultiversX is a blockchain platform designed to provide scalability and secure decentralized applications. It is powered by adaptive state sharding, secure proof of stake, and a dedicated virtual machine that enables developers to build applications in a variety of languages. The platform has a network structure which includes a metachain, shards, and nodes and three distinct roles: Validator, Observer, and Fisherman. eGold (EGLD) is the native token of the MultiversX blockchain, used to pay for services on the network and as collateral for validators. MultiversX was founded in 2017 by Lucian Todea, Beniamin and Lucian Mincu and is supported by the Elrond Network. It conducted a successful private investment round and an Initial Exchange Offering (IEO) in 2019 and launched its mainnet in 2020, where it changed its cryptocurrency from ERD to EGLD.”

Buying and Selling Elrond

It is usually not currently possible to purchase alternative cryptocurrencies such as Elrond directly using US dollars. Investors seeking to trade Elrond should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Elrond using one of the aforementioned exchanges.

EGLD/USD price chart by TradingView