Elrond (EGLD) Price Surge over 18% In Last 24 Hours

Elrond (EGLD) Price Surge over 18% In Last 24 Hours
  • EGLD trading volume increased by 5.5% in 24 hours.
  • Elrond is up 18.75% in the last 24 hours.
  • Elrond signalling Buy Trend.

Elrond (EGLD) network seems to have increased investors interest and EGLD traded at $50.72, up 18.75% in the last 24 hours. Elrond’s market capitalization is now $1,137,118,174. following recent price activity.

After facing many dip in price, once again Elrond shows positive crossover between 20 MA to 50 MA, which is signaling “Buy Trend”.

Source Trading view

Elrond (EGLD)

Elrond (eGold, or EGLD) is the native token of a blockchain that uses sharding, which is a process of breaking down blockchain infrastructure into smaller pieces in order to help the network scale and offer extremely fast transaction speeds.

Until 2021, the Elrond coin ranged between $10 and $12 in price. By February 2021, EGLD had risen to around $200, then $240 by April, and hit an all-time high of $542 in November. Like many other cryptocurrencies EGLD was unable to hold its November highs and lost more than 90% of the value and now Elrond showing green signal.

Elrond has a maximum supply of 31,415,926 and circulating supply of 22,418,899 EGLD coins. EGLD trading volume increased by 5.5% in 24 hours and now it has trading volume of $151,193,027. 

Recommended for you 

A journalism graduate who is passionate about writing loves to dance and travel currently starts exploring blockchain technology.