Elrond (EGLD) Reaches Self Reported Market Cap of $685.08 Million

Elrond (EGLD) traded up 8.4% against the dollar during the one day period ending at 9:00 AM Eastern on November 6th. One Elrond coin can now be bought for about $24.83 or 0.00033543 BTC on exchanges. Elrond has a market cap of $685.08 million and approximately $32.04 million worth of Elrond was traded on exchanges in the last day. In the last seven days, Elrond has traded up 0.4% against the dollar.

Here’s how similar cryptocurrencies have performed in the last day:

• 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 up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded up 7.9% against the dollar and now trades at $74,029.58 or 0.99992089 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 6.1% against the dollar and now trades at $72,794.63 or 0.98324037 BTC.

About Elrond

Elrond (EGLD) uses the hashing algorithm. It launched on September 3rd, 2020. Elrond’s total supply is 27,586,642 coins. The official website for Elrond 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 message board is multiversx.com/blog. 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 presently possible to purchase alternative cryptocurrencies such as Elrond directly using U.S. dollars. Investors seeking to acquire Elrond should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Elrond using one of the aforementioned exchanges.

EGLD/USD price chart by TradingView