Elrond (EGLD) Self Reported Market Capitalization Reaches $747.03 Million

Elrond (EGLD) traded 0.8% lower against the dollar during the 1 day period ending at 14:00 PM ET on August 9th. One Elrond coin can now be bought for about $27.38 or 0.00045311 BTC on cryptocurrency exchanges. Elrond has a market capitalization of $747.03 million and approximately $15.48 million worth of Elrond was traded on exchanges in the last day. During the last week, Elrond has traded down 7.1% against the 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 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.
• Lumi Credits (LUMI) traded up 1.3% against the dollar and now trades at $0.0125 or 0.00000021 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Elrond

Elrond (CRYPTO:EGLD) uses the hashing algorithm. It was first traded on September 3rd, 2020. Elrond’s total supply is 27,286,926 coins and its circulating supply is 27,281,774 coins. Elrond’s official website is multiversx.com. Elrond’s official Twitter account is @multiversx and its Facebook page is accessible here. 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.”

Elrond Coin Trading

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

EGLD/USD price chart by TradingView