Elrond Trading Down 38.4% Over Last 7 Days (EGLD)

Elrond (EGLD) traded 22.5% lower against the US dollar during the 24 hour period ending at 7:00 AM ET on December 20th. One Elrond coin can now be purchased for $29.92 or 0.00032181 BTC on cryptocurrency exchanges. In the last seven days, Elrond has traded down 38.4% against the US dollar. Elrond has a total market cap of $829.82 million and approximately $98.78 million worth of Elrond was traded on exchanges in the last 24 hours.

Here’s how similar 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 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 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.BBN (SOLVBTC.BB) traded 7.3% lower against the dollar and now trades at $94,422.78 or 1.01559575 BTC.
• SolvBTC (SOLVBTC) traded 8.9% lower against the dollar and now trades at $92,916.05 or 0.99938963 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Elrond Coin Profile

EGLD uses the hashing algorithm. Its launch date was September 3rd, 2020. Elrond’s total supply is 27,735,041 coins. Elrond’s official Twitter account is @multiversx and its Facebook page is accessible here. Elrond’s official website is multiversx.com. 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.

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 trade Elrond should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. 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