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Cryptocurrencies/Coins/Elrond (EGLD)
Elrond price, market cap on Coin360 heatmap

Elrond(EGLD)

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$40.6982
(0.58%)
0.00063969 BTC
Market Cap (Rank#78)
$1,092,085,767
17,165 BTC
Vol 24h
$13,701,504
215.36 BTC
Circulating Supply
26,833,769
Max Supply
31,415,926
100 days agonulltx
Crypto Bulls Bet on Web3: Immutable (IMX), Elrond (EGLD), and Pullix (PLX) Lead the Charge
Crypto bulls are betting on Web3 as the internet evolves into its next stage. Immutable (IMX) and Elrond (EGLD) are a few coins that are preparing to become major players in the Web3 space. However, a new project, Pullix, has entered its 6th presale stage and is gearing up to […]
102 days agonulltx
Pullix (PLX) Rockets in Altcoin Frenzy, Challenging Celestia (TIA) and MultiversX (EGLD) for Market Dominance
Pullix has emerged as one of the top altcoins to watch in the crypto space after its 100% price surge. The token is out to compete with the likes of Celestia and MultiversX for market dominance after raising over $3milion and selling 60million tokens in less than a month. Celestia […]
182 days agocoindesk
MultiversX's EGLD Token Rallies on Partnership With Google Cloud
EGLD ticked up nearly 10% to just over $26 during European morning hours on Friday.
270 days agonulltx
Tradecurve (TCRV) Holders Set To Earn 5000% Profit During Presale While Elrond (EGLD) and Enjin Coin (ENJ) Try To Rebound
Everyone dreams to earn a massive return on investments in just a couple of months. Thus, when the presale of Tradecurve (TCRV) began, scores of investors rushed toward it to lock their tokens. Meanwhile, Elrond (EGLD) and Enjin Coin (ENJ) have taken new measures to attract users. Its market viability and growth prospects are so […]
283 days agocryptodaily
Ethereum Blockchain Game Pikamoon Raises $3.6m, Final ICO Phase Selling Out Fast
Dubai, United Arab Emirates, July 11th, 2023, ChainwirePikamoon, an emerging Ethereum blockchain game, has raised $3.6 million in its ongoing ICO to bring more value to the Ethereum ecosystem and revolutionise the blockchain gaming space. Pikamoon would launch the world’s most immersive metaverse game and a first-of-its-kind earning model that allows players to withdraw their in-game rewards directly to their wallet or bank account without the need for a third party.Pikamoon focuses on becoming the most realistic metaverse game where players can get a 360-degree experience of the growing virtual space through unparalleled gameplay, stunning visuals, and innovative DeFi features. Drawing inspiration from legendary games like Fortnite, Pokemon, and FIFA, the Ethereum game has leaped forward and is prepared to blend NFTs, video gaming, and metaverse entertainment perfectly.The Pikamoon game is built on Unity, the world’s most advanced game development technology, to create the stunning visuals and architecture needed to give players a truly immersive experience.Additionally, Pikamoon is built across two blockchains: Ethereum and MultiversX (formerly Elrond). While Ethereum provides scalability, MultiversX complements it by providing efficiency and ensuring the game is environmentally friendly by reducing carbon emissions generated by transactions. This dual blockchain feature ensures that the Pikamoon ecosystem can cater to legions of gamers without any lag.Gaming enthusiasts and smart investors are convinced Pikamoon is the future of gaming, and this is evident in how fast phase one and phase two of the ICO sold out. In the first phase, one PIKA sold for $0.0002, which increased to $0.0004 in the second phase, and now in the third and last phase, one PIKA is selling for $0.0006 and selling out faster.Notable partners of this Ethereum-based game include future-thinking Web3 brands such as Ethereum, Transak, Cryptonews.com, Kevuru Games, and MultiversX. This line-up of industry leaders further reinforces the credibility of the project, reaffirming the fact that the team is committed to building the best of the best gaming projects.Pikamoon offers investors the opportunity to enter what is strategically seen as a huge market of the Metaverse and gaming on the Ethereum blockchain. A core feature of the PIKA token is its deflationary nature. Whenever a sell or transfer transaction occurs in the Pikamoon ecosystem, 0.5% of the tokens involved in the transaction are burned forever, translating into more profits for long-term investors.The much-talked-about presale, which is still on, uses Ethereum as its base currency, becoming the new favorite of the Ethereum community. This seamless integration with Ethereum not only simplifies the investment process for eager investors but also strengthens the overall Ethereum ecosystem.About PikamoonPikamoon makes metaverse gameplay exciting and rewarding for players of all age groups. The Pikamoon’s metaverse, the Pikaverse, offers players endless opportunities to explore, battle, trade, and earn a living within the game. It operates on two blockchains, Ethereum and MultiversX, ensuring smooth and glitch-free gameplay for every player. Similarly, Pikamoon’s unique earning model allows players to easily monetize gameplay, solidifying its place as one of the best metaverse games on the market.Find out more about Pikamoon (PIKA)Website | Where to purchase PIKA | Twitter | TelegramContactFounderNick [email protected]
349 days agonulltx
Yachtify (YCHT) to Outperform Ripple (XRP) and MultiversX (EGLD), Despite Recent Bullish Signs
Another crypto bull market here and once again investors are scrambling to find the best asset to buy. In every cryptocurrency bull market, there has been a standout project that makes the gains of other digital assets look small. Ripple (XRP) and MultiversX (EGLD) are great investment opportunities but are too popular to be the […]
357 days agonulltx
MultiversX Price Analysis & Prediction (April 27th) – EGLD Attempts to Break This Channel Prove Abortive, Rejects at $50
The price of EGLD increased by 13% amid the latest market recovery. Following this gain, it’s spotted as the top gainer of the market on a daily and weekly scale. It encountered resistance and failed to surpass the $50 mark. Just after the crypto market recovered a bit yesterday, EGLD bounced off $37, started to […]
360 days agonulltx
What’s So Special About EGLD and Why Its Market Cap Is Above $1 Billion
MultiversX (EGLD) is a top tier cryptocurrency that has been making waves in the industry since its inception. With a current market cap of over $1 billion, many investors are wondering what makes this coin so special. Factors Influencing EGLD’s Success One of the main factors contributing to the success of EGLD is its focus […]
367 days agonulltx
DigiToads (TOADS) and MultiversX (EGLD) Expected to Make Strides in Top 20 Cryptocurrencies by 2025
The global cryptocurrency market is estimated to grow at a mammoth rate over the next five years. The blockchain sector is only going to progress as technology evolves. To that end, DigiToads is a high-growth utility token that has been making a splash in the crypto market with a set of next-generation features. Along with […]

About Elrond?

The live price of Elrond (EGLD) today is 40.6982 USD, and with the current circulating supply of Elrond at 26,833,769 EGLD, its market capitalization stands at 1,092,085,767 USD. In the last 24 hours EGLD price has moved 0.284901 USD or 0.01% while 13,665,291 USD worth of EGLD has been traded on various exchanges. The current valuation of EGLD puts it at #78 in cryptocurrency rankings based on market capitalization.

Learn more about the Elrond blockchain network and how it works or follow the price of its native cryptocurrency EGLD and the broader market with our unique COIN360 cryptocurrency heatmap.

Elrond Network is a scalable smart contract platform for decentralized applications and enterprise use cases, with its native cryptocurrency EGLD powering the ecosystem. After three years in development, Elrond’s mainnet arrived in mid-2020. The project was founded by a group of Romanian entrepreneurs and engineers coming from big tech companies. The core team remains the same since 2017, headed by Beniamin Mincu. 

Since its launch, Elrond Network evolved into an ambitious ecosystem aiming to tap into the European payments market with its crypto solutions alongside nurturing its DeFi ecosystem. Elrond uses a proof-of-stake (PoS) consensus mechanism to secure the network and a sharding mechanism, dubbed Adaptive State Sharding, to enable network scaling. Elrond’s native coin EGLD, ranked in the top 50 cryptocurrencies by market capitalization as of Q1 2022.

In November 2022, Elrond rebranded itself as MultiversX with a strong focus on the metaverse. This transformation includes the introduction of three new metaverse-oriented products: xFabric, xPortal, and xWorlds. These tools aim to support metaverse creators and users by offering a metaverse portal, digital assets holder, creator utilities, and a deployable blockchain module.

According to Beniamin Mincu, the CEO of MultiversX, this rebranding is expected to foster growth, adoption, and utility in both the real world and the metaverse. MultiversX plans to build on the foundation laid by the Elrond Network and its supportive community.

EGLD price

Ассording to our EGLD USD live price chart, Elrond (now MultiversX) saw its first bull run in early 2021, when EGLD price went from around $7 in November 2020 to a local peak of over $200 on Feb. 9, 2021, marking a gain of over 3,000%. The price of EGLD took a two-month breather before rallying to a new high of over $240 on Apr. 11, 2021, but then lost a large share of gains, further extending losses as the broader crypto market was hit by a severe crash in May 2021. 

MultiversX again saw significant attention in autumn 2021, as evidenced by EGLD token’s elevated trading volumes. EGLD price rallied in line with other smart contract platform coins like Solana (SOL) and Avalanche (AVAX) as the market sentiment turned extremely bullish on Ethereum contenders. As per our live price chart, EGLD hit an all-time high over $540 on Nov. 22., 2021.

Despite the significant price drop after the November pump, EGLD cryptocurrency managed to close 2021 with a whopping 800%+ gain. Since then, EGLD price has been relatively stable, with EGLD trading around the $150 zone. 

MultiversX’s ecosystem is still in its infancy, ranking 19th among smart contract platforms in terms of total value locked (TVL) in Q1 2022. EGLD coin’s future price performance depends heavily on the pace of ecosystem development and scale of adoption. 

How EGLD works

MultiversX’s EGLD coin has all the standard use cases of a smart contract platform. Users pay with EGLD for sending transactions and running smart contracts on the  MultiversX network. On the other hand, EGLD is used to pay out rewards to validators for contributing to network security. To earn rewards users can either delegate their EGLD tokens to network validators, or run a MultiversX validator node. 

MultiversX is a proof-of-stake (PoS) blockchain that uses a novel type of consensus algorithm known as “Secure PoS” to validate transactions on its network.  MultiversX can be used to create WebAssembly (WASM) smart contracts thanks to its Elrond Virtual Machine. Unlike its peers, including Solana and NEAR MultiversX is not compatible with the Ethereum Virtual Machine, which means the DApps built for EVM can’t be easily ported to the network. 

To achieve high network throughput and speed,  MultiversX leverages the Adaptive State Sharding mechanism.  MultiversX claims to enable 30,000 transactions per second (TPS), six-second transaction finality, and low fees of $0.001, which makes it one of the most efficient blockchains in a slew of competitors all looking to capitalize on Ethereum’s scalability issues. 

EGLD news, updates and highlights

MultiversX is operating in a crowded smart contract platform space, where the new generation of PoS blockchains is eating the market share of Ethereum, while the historic market leader is floundering on its transition from PoW to PoS. Like its competitors,  MultiversX is looking to attract users with high network throughput and scalability, offering faster transaction execution speeds and lower fees compared to Ethereum. Yet, it didn’t get the same traction as, SOL, AVAX and Terra (LUNA)

However,  MultiversX’s recent M&A possibly indicates that the network is seeking a niche where other smart contract platforms have not gained a head start: the European payments market. In March 2022,  MultiversX announced it was granted approval from the National Bank of Romania to issue electronic money under the European digital assets framework. The entitlement to issue e-money is a part of the Twispay acquisition. The deal came just two months after  MultiversX acquired Utrust, another European payments firm. With these acquisitions,  MultiversX is making a strategic move to establish itself as a bridge between traditional finance and crypto. 

MultiversX is trying to catch up with competitors on building the DeFi side of the ecosystem. In April 2022,  MultiversX announced a $40 million ecosystem development fund backed by Morningstar Ventures and Spark Digital Capital among others, and featuring behemoths like Binance Institutional and Huobi Global as supporters of the fund. Skynet EGLD Capital plans to deploy capital across three major verticals - Web3 payments, DeFi 2.0 and the Metaverse. 

As of Q1 2022, The  MultiversX DeFi ecosystem features just a few projects, and no DeFi staples such as lending and synthetics. The first DEX on the network, Maiar, accumulates 100% of the network’s total value locked, but there is a second DEX called AshSwap currently in testing mode, which can attract some capital. Elrond’s CIO Lucian Mincu announced on Apr. 10, 2022 that bridges to Ethereum and other EVM chains are coming soon, so the ecosystem may see new capital inflows once the bridges are live.

Frequently asked questions about EGLD

  • Can you mine or stake EGLD?

MultiversX is a proof-of-stake (PoS) blockchain, which means that EGLD coins cannot be mined, but can be staked. Users can delegate their holdings over 10 EGLD to a validator to earn rewards for staking, or become validators themselves by running a node. 

  • What are some of the best EGLD wallets?

Maiar is a non-custodial wallet serving as a major gate to the  MultiversX ecosystem, available as a mobile wallet, a web extension, and a lighter DeFi wallet designed to interact with DApps on the  MultiversX network. Among hardware wallets, Ledger supports EGLD. 

  • What can you do with EGLD?

Users can use EGLD tokens to pay for transactions on the  MultiversX network, trade them against other cryptocurrencies like BTC or USDT, or stake them for rewards.

  • How to buy EGLD? 

You can buy EGLD on exchanges like HitBTC (EGLD/BTC trading pair), and MEXC (EGLD/UST trading pair). You can also buy EGLD coins using fiat currency with on-ramp services like Changelly.

Elrond Price40.6982 USD
Market Rank#78
Market Cap1,092,085,767 USD
24h Volume13,701,504 USD
Circulating Supply26,833,769 EGLD
Max Supply31,415,926 EGLD
Yesterday's Market Cap1,102,322,176 USD
Yesterday's Open / Close40.7948 USD / 41.0797 USD
Yesterday's High / Low41.7305 USD / 37.6278 USD
Yesterday's Change
0.01% ( 0.284901 USD )
Yesterday's Volume13,665,291 USD
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