Elrond (CURRENCY:EGLD) traded down 5.1% against the dollar during the 1 day period ending at 17:00 PM Eastern on May 4th. One Elrond coin can now be purchased for about $180.22 or 0.00329866 BTC on exchanges. Elrond has a market cap of $3.14 billion and $128.84 million worth of Elrond was traded on exchanges in the last 24 hours. Over the last seven days, Elrond has traded 0.4% lower against the dollar.
Here’s how other cryptocurrencies have performed over the last 24 hours:
- Avalanche (AVAX) traded 8.6% lower against the dollar and now trades at $31.87 or 0.00058331 BTC.
- Algorand (ALGO) traded 5.4% lower against the dollar and now trades at $1.35 or 0.00002472 BTC.
- NEAR Protocol (NEAR) traded down 8.2% against the dollar and now trades at $4.97 or 0.00009100 BTC.
- Theta Fuel (TFUEL) traded 8% lower against the dollar and now trades at $0.35 or 0.00000633 BTC.
- Helium (HNT) traded down 5.1% against the dollar and now trades at $17.27 or 0.00031606 BTC.
- Ardor (ARDR) traded down 6.8% against the dollar and now trades at $0.36 or 0.00000667 BTC.
- Kava.io (KAVA) traded down 7.6% against the dollar and now trades at $5.89 or 0.00010781 BTC.
- Wanchain (WAN) traded down 9.2% against the dollar and now trades at $1.62 or 0.00002972 BTC.
- Divi (DIVI) traded down 3.4% against the dollar and now trades at $0.0664 or 0.00000121 BTC.
- Energi (NRG) traded 10.3% lower against the dollar and now trades at $3.27 or 0.00005987 BTC.
Elrond (EGLD) uses the hashing algorithm. Its launch date was September 3rd, 2020. Elrond’s total supply is 21,645,186 coins and its circulating supply is 17,402,217 coins. The official website for Elrond is elrond.com. The Reddit community for Elrond is /r/elrondnetwork and the currency’s Github account can be viewed here. Elrond’s official message board is medium.com/elrondnetwork. Elrond’s official Twitter account is @elrondnetwork.
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 possible to buy alternative cryptocurrencies such as Elrond directly using U.S. dollars. Investors seeking to acquire Elrond should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Elrond using one of the aforementioned exchanges.
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