Elrond Achieves Self Reported Market Cap of $993.66 Million (EGLD)

Elrond (EGLD) traded 1.3% lower against the U.S. dollar during the 24-hour period ending at 11:00 AM ET on May 1st. One Elrond coin can now be bought for about $36.96 or 0.00064869 BTC on popular cryptocurrency exchanges. Over the last week, Elrond has traded down 13.5% against the U.S. dollar. Elrond has a market capitalization of $993.66 million and approximately $30.31 million worth of Elrond was traded on exchanges in the last day.

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

• KILT Protocol (KILT) traded 0.5% lower against the dollar and now trades at $0.28 or 0.00000486 BTC.
• 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• BitcoinBR (BTCBR) traded 23.5% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.

About Elrond

EGLD uses the hashing algorithm. It was first traded on September 3rd, 2020. Elrond’s total supply is 26,887,380 coins and its circulating supply is 26,882,228 coins. Elrond’s official Twitter account is @multiversx and its Facebook page is accessible here. The Reddit community for Elrond is https://reddit.com/r/elrondnetwork and the currency’s Github account can be viewed here. Elrond’s official website is multiversx.com. The official message board for Elrond is multiversx.com/blog.

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 possible to buy alternative cryptocurrencies such as Elrond directly using US dollars. Investors seeking to acquire Elrond should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Elrond using one of the aforementioned exchanges.

EGLD/USD price chart by TradingView