Elrond (EGLD) Market Capitalization Achieves $3.89 Billion

Elrond (CURRENCY:EGLD) traded down 4.9% against the dollar during the 1 day period ending at 15:00 PM E.T. on April 12th. Elrond has a market cap of $3.89 billion and approximately $337.07 million worth of Elrond was traded on exchanges in the last day. During the last seven days, Elrond has traded 35% higher against the dollar. One Elrond coin can currently be bought for $225.19 or 0.00374563 BTC on major exchanges.

Here’s how related cryptocurrencies have performed during the last day:

  • Avalanche (AVAX) traded up 3.2% against the dollar and now trades at $33.20 or 0.00055214 BTC.
  • Algorand (ALGO) traded up 1.1% against the dollar and now trades at $1.47 or 0.00002440 BTC.
  • NEAR Protocol (NEAR) traded down 4.1% against the dollar and now trades at $6.66 or 0.00011082 BTC.
  • Theta Fuel (TFUEL) traded 3.7% lower against the dollar and now trades at $0.35 or 0.00000579 BTC.
  • Helium (HNT) traded 2% lower against the dollar and now trades at $16.39 or 0.00027264 BTC.
  • Ardor (ARDR) traded 5.2% lower against the dollar and now trades at $0.48 or 0.00000801 BTC.
  • Wanchain (WAN) traded 5.6% lower against the dollar and now trades at $2.29 or 0.00003813 BTC.
  • Kava.io (KAVA) traded down 6.3% against the dollar and now trades at $6.62 or 0.00011011 BTC.
  • Apollo Currency (APL) traded up 20.5% against the dollar and now trades at $0.0079 or 0.00000013 BTC.
  • Energi (NRG) traded down 0.7% against the dollar and now trades at $4.15 or 0.00006901 BTC.

Elrond Coin Profile

EGLD uses the hashing algorithm. Its genesis date was September 3rd, 2020. Elrond’s total supply is 21,515,268 coins and its circulating supply is 17,283,246 coins. The Reddit community for Elrond is /r/elrondnetwork and the currency’s Github account can be viewed here. Elrond’s official Twitter account is @elrondnetwork. Elrond’s official message board is medium.com/elrondnetwork. Elrond’s official website is elrond.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 announcement: “Starting with the 3rd of September (2020) we will officially begin the swap from ERD to eGLD. eGLD will be the native currency of the Elrond economy, and all ERD tokens will gradually be swapped to eGLD tokens. The eGLD ticker is an abbreviation for eGold, denoting the simplest, and most intuitively powerful metaphor of what the Elrond currency aims to become. Starting now, we will use eGold and eGLD interchangeably, to refer to the native Elrond currency.” “

Buying and Selling Elrond

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

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