Elrond (EGLD) Trading Down 7% This Week

Elrond (EGLD) traded 5% lower against the U.S. dollar during the 24 hour period ending at 7:00 AM Eastern on February 18th. Elrond has a total market capitalization of $608.64 million and approximately $19.71 million worth of Elrond was traded on exchanges in the last 24 hours. One Elrond coin can now be purchased for about $21.78 or 0.00022665 BTC on major exchanges. In the last seven days, Elrond has traded 7% lower against the U.S. dollar.

Here is how related 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 up 1.2% 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 (SOLVBTC) traded down 0.3% against the dollar and now trades at $95,861.17 or 0.99735328 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.1% lower against the dollar and now trades at $95,343.03 or 0.99196249 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Elrond Profile

Elrond (CRYPTO:EGLD) uses the hashing algorithm. It was first traded on September 3rd, 2020. Elrond’s total supply is 27,939,011 coins. 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. Elrond’s official website is multiversx.com. Elrond’s official Twitter account is @multiversx and its Facebook page is accessible 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 possible to purchase alternative cryptocurrencies such as Elrond directly using US dollars. Investors seeking to trade Elrond should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Elrond using one of the exchanges listed above.

EGLD/USD price chart by TradingView