Elrond (EGLD) Trading Down 18.2% This Week

Elrond (EGLD) traded down 6% against the U.S. dollar during the 1 day period ending at 8:00 AM Eastern on April 3rd. One Elrond coin can currently be purchased for approximately $15.36 or 0.00018502 BTC on exchanges. During the last week, Elrond has traded 18.2% lower against the U.S. dollar. Elrond has a total market capitalization of $431.32 million and $25.16 million worth of Elrond was traded on exchanges in the last day.

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 2.2% lower 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded down 1.9% against the dollar and now trades at $82,936.42 or 0.99925631 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 1.9% against the dollar and now trades at $82,685.93 or 0.99623834 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Elrond Profile

Elrond uses the hashing algorithm. It launched on September 3rd, 2020. Elrond’s total supply is 28,088,029 coins. The official message board for Elrond 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. Elrond’s official Twitter account is @multiversx and its Facebook page is accessible here. The official website for Elrond is multiversx.com.

According to CryptoCompare, “Elrond is a novel architecture that goes beyond state-of-the-art by introducing a genuine State Sharding scheme for practical scalability, eliminating energy and computational waste while ensuring distributed fairness through a Secure Proof of Stake (SPoS) consensus mechanism. Having a strong focus on security, Elrond’s network is built to ensure resistance to known security problems like the Sybil attack, Rogue-key attack, Nothing at Stake attack, and others. In an ecosystem that strives for interconnectivity, Elrond’s solution for smart contracts offers an EVM compliant engine to ensure interoperability by design.Elrond (ERD) to Elrond (EGLD) swap:Following the launch of the Elrond Mainnet on the 30th of July, Elrond officially began the token swap from ERD to EGLD on the 3rd of September of 2020. The eGLD ticker is an abbreviation for eGold, denoting the metaphor of what the Elrond currency aims to become. Elrond's dedicated website Elrond Bridge enabled ERC20/BEP2 ERD holders to swap their tokens for eGLD at a 1000:1 ratio (1000 ERD (old) = 1 eGLD (new)).”

Buying and Selling Elrond

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

EGLD/USD price chart by TradingView