Elrond Price Tops $5.97 on Major Exchanges (EGLD)

Elrond (EGLD) traded 2% lower against the US dollar during the 1-day period ending at 10:00 AM Eastern on January 20th. Over the last week, Elrond has traded down 3% against the US dollar. One Elrond coin can currently be purchased for about $5.97 or 0.00006593 BTC on major exchanges. Elrond has a market capitalization of $173.94 million and $12.65 million worth of Elrond was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed over the last day:

• 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 4.4% against the dollar and now trades at $90,695.84 or 0.99733289 BTC.
• SolvBTC (SOLVBTC) traded 2.6% lower against the dollar and now trades at $90,372.51 or 0.99870760 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Elrond Coin Profile

Elrond (EGLD) uses the hashing algorithm. Its genesis date was September 3rd, 2020. Elrond’s total supply is 29,156,122 coins. Elrond’s official Twitter account is @multiversx and its Facebook page is accessible here. The official website for Elrond is multiversx.com. The Reddit community for Elrond is https://reddit.com/r/elrondnetwork and the currency’s Github account can be viewed here. Elrond’s official message board 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 currently 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, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Elrond using one of the exchanges listed above.

EGLD/USD price chart by TradingView