Elrond Achieves Market Cap of $1.18 Billion (EGLD)

Elrond (EGLD) traded 2.2% higher against the U.S. dollar during the 24 hour period ending at 0:00 AM Eastern on September 22nd. Over the last seven days, Elrond has traded down 2.8% against the U.S. dollar. One Elrond coin can now be purchased for about $48.45 or 0.00249243 BTC on major cryptocurrency exchanges. Elrond has a market cap of $1.18 billion and $49.41 million worth of Elrond was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

  • Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0510 or 0.00000262 BTC.
  • CareCoin (CARES) traded down 99.8% against the dollar and now trades at $0.0634 or 0.00000326 BTC.
  • OmniaVerse (OMNIA) traded 5.2% higher against the dollar and now trades at $0.0044 or 0.00000023 BTC.
  • Euro Coin (EUROC) traded down 0% against the dollar and now trades at $0.83 or 0.00004270 BTC.
  • Jeff in Space (JEFF) traded flat against the dollar and now trades at $2.15 or 0.00011081 BTC.
  • AXIA Coin (AXC) traded 0% higher against the dollar and now trades at $13.43 or 0.00069573 BTC.
  • MVP Coin (MVP) traded down 28.6% against the dollar and now trades at $2,053.00 or 0.10636024 BTC.
  • Lumi Credits (LUMI) traded up 1.4% against the dollar and now trades at $0.0051 or 0.00000026 BTC.
  • Tarality (TARAL) traded 11.3% lower against the dollar and now trades at $0.0008 or 0.00000004 BTC.
  • The Web3 Project (WEB3) traded up 213.7% against the dollar and now trades at $517.71 or 0.02213862 BTC.

Elrond Coin Profile

Elrond uses the hashing algorithm. It launched on September 3rd, 2020. Elrond’s total supply is 24,330,392 coins. The Reddit community for Elrond is /r/elrondnetwork and the currency’s Github account can be viewed here. The official website for Elrond is elrond.com. Elrond’s official Twitter account is @elrondnetwork and its Facebook page is accessible here. Elrond’s official message board is medium.com/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:Following the launch of the Elrond Mainnet on the 30th of July, Elrond officially began the token swap from ERD to EGLD on the 3rd of September of 2020. The eGLD ticker is an abbreviation for eGold, denoting the metaphor of what the Elrond currency aims to become. Elrond's dedicated website Elrond Bridge enabled ERC20/BEP2 ERD holders to swap their tokens for eGLD at a 1000:1 ratio (1000 ERD (old) = 1 eGLD (new)).”

Elrond Coin Trading

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

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