Elrond Reaches 24 Hour Volume of $11.16 Million (EGLD)

Elrond (EGLD) traded 2.3% higher against the US dollar during the 1-day period ending at 10:00 AM E.T. on November 25th. During the last week, Elrond has traded down 6.6% against the US dollar. One Elrond coin can now be purchased for $7.74 or 0.00008871 BTC on popular exchanges. Elrond has a total market cap of $223.01 million and approximately $11.16 million worth of Elrond was traded on exchanges in the last day.

Here is how similar 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.
• 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 1.1% higher against the dollar and now trades at $86,977.28 or 0.99700334 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

About Elrond

Elrond uses the hashing algorithm. It was first traded on September 3rd, 2020. Elrond’s total supply is 28,815,767 coins. Elrond’s official Twitter account is @multiversx and its Facebook page is accessible here. Elrond’s official website is multiversx.com. 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, “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 presently possible to buy alternative cryptocurrencies such as Elrond directly using US dollars. Investors seeking to acquire Elrond should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Elrond using one of the aforementioned exchanges.

EGLD/USD price chart by TradingView