Elrond
Market Open
9 Jun, 18:31
$
2. 910000
-0.04
-1.3559%
$
23,372 Volume
$ 2.95
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EGLDUSD Overview
EGLDUSD denotes the market price of Elrond’s native token, EGLD, quoted in US dollars. It reflects how many USD are required to buy one unit of EGLD on cryptocurrency exchanges and is used to track the token’s fiat value over time.
Elrond is a blockchain-based platform designed for high-throughput smart contracts and decentralized applications. The project was developed by founders Beniamin Mincu, Lucian Mincu and Lucian Todea, with mainnet deployment occurring in 2020. Its protocol emphasizes scalability through adaptive state sharding and a Secure Proof-of-Stake consensus mechanism, and EGLD serves as the network’s native currency for fees, staking and protocol incentives. Token economics include issuance and staking rewards with a controlled supply profile.
The EGLDUSD rate is formed by market supply and demand across centralized and decentralized exchanges. Order-book liquidity, trading volume, investor sentiment, on-chain metrics such as staking participation and network activity, and broader macroeconomic factors like USD strength and regulatory developments all influence price formation and short-term movements.
EGLDUSD is important for traders and investors seeking exposure to the Elrond ecosystem, enabling speculative positions, hedging, and participation in protocol staking. Market participants monitor it for signals about adoption and network utility.
Like other crypto assets, EGLD can exhibit significant volatility and liquidity can vary by venue, which affects spreads and execution risk.
Elrond is a blockchain-based platform designed for high-throughput smart contracts and decentralized applications. The project was developed by founders Beniamin Mincu, Lucian Mincu and Lucian Todea, with mainnet deployment occurring in 2020. Its protocol emphasizes scalability through adaptive state sharding and a Secure Proof-of-Stake consensus mechanism, and EGLD serves as the network’s native currency for fees, staking and protocol incentives. Token economics include issuance and staking rewards with a controlled supply profile.
The EGLDUSD rate is formed by market supply and demand across centralized and decentralized exchanges. Order-book liquidity, trading volume, investor sentiment, on-chain metrics such as staking participation and network activity, and broader macroeconomic factors like USD strength and regulatory developments all influence price formation and short-term movements.
EGLDUSD is important for traders and investors seeking exposure to the Elrond ecosystem, enabling speculative positions, hedging, and participation in protocol staking. Market participants monitor it for signals about adoption and network utility.
Like other crypto assets, EGLD can exhibit significant volatility and liquidity can vary by venue, which affects spreads and execution risk.
EGLDUSD Chart
EGLDUSD FAQ
What is the current Elrond price?
The current price is $2.910000, based on the latest trades across major cryptocurrency exchanges.
What does the price change mean?
The price has changed by -0.04 (-1.3559%), showing how much the asset has moved compared to the previous close.
What is the previous close for Elrond?
The previous close was $2.950000, which serves as a reference point to measure daily performance.
How is the daily change percentage calculated?
The change percentage (-1.3559%) is calculated based on the difference between the current price and the previous closing price.
What does the daily range show?
The range reflects the lowest ($2.840000) and highest ($2.960000) prices traded during the selected period, helping assess volatility.
Why is Elrond (EGLD) moving today?
Price movements in Elrond are driven by market sentiment, trading volume, news, adoption, and overall crypto market conditions.
Is the current trend bullish or bearish?
If the current price ($2.910000) is below the previous close ($2.950000), it indicates upward momentum. If below, it suggests a downward trend.
Where can I see live charts for Elrond?
You can view real-time charts, price updates, and market data for Elrond (EGLD) directly on this page.
