Elrond (EGLD) Self Reported Market Capitalization Achieves $1.22 Billion

Elrond (EGLD) traded 5.7% lower against the US dollar during the 24 hour period ending at 7:00 AM Eastern on December 16th. One Elrond coin can currently be purchased for about $43.97 or 0.00042368 BTC on exchanges. Elrond has a market capitalization of $1.22 billion and approximately $71.00 million worth of Elrond was traded on exchanges in the last day. During the last week, Elrond has traded down 11.4% against the US dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded up 1.3% against the dollar and now trades at $103,748.66 or 0.99972731 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 1.6% against the dollar and now trades at $103,536.01 or 0.99767818 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

About Elrond

Elrond uses the hashing algorithm. Its genesis date was September 3rd, 2020. Elrond’s total supply is 27,721,611 coins. The official message board for Elrond is multiversx.com/blog. Elrond’s official website is multiversx.com. The Reddit community for Elrond is https://reddit.com/r/elrondnetwork and the currency’s Github account can be viewed here. Elrond’s official Twitter account is @multiversx and its Facebook page is accessible 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, Gemini or Coinbase. 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