Elrond Price

Follow the Elrond price in euro, dollar and pound

To get you reliable information about the Elrond (ERD) price, we have included a widget on this page, that is showing you all useful information about ERD. At the top, you will find the current Elrond value in USD, EUR, and GBP in one place.

If you look underneath that widget, you will find the Elrond price trend for the last 30 days. If you want to know the ERD price trend for the past 24 hours, one week, one quarter, six months, or a year, select the desired period among 1D,7D, 1M, 6M and 1Y, on the top right corner of the graph.

At the bottom of the widget, you will find the trading volume trend of ERD. It will give you an overview of the behavior of the market towards the cryptocurrency for the selected period.

ERD price in euros, dollars and pounds

Do you know how annoying it can be when you have to check the exchange price of one fiat currency and a different one? Most of the times you need to search for the desired currency and visit another page or you need to refresh the page.

To avoid this hassle, we have integrated the table below. It will show you the current ERD rate in three various foremost used currencies in the world, Euros, US dollars, and British Pounds. Also, to get a better understanding of Elrond’s price, check the opening and last price, highest and lowest price in the past 24 hours. The latest information about the market capitalization is available as well. Other than this, trading volume in the past 24 hours, is also mentioned in the table.

Note: There can be a difference of a few dollars and euros in prices, because the price data is provided by two different companies.

The history of Elrond’s price

Elrond has been quite successful since May 2020. The coin gained a massive 5000% in price until August 2020. The project is focusing on improving the scalability of blockchain. The scalability of blockchain is one of the biggest problems in the cryptocurrency world. When the Bitcoin price was trading around $20,000, it took hours to complete a transaction, due to the high amount of users on the network. Scalability should solve this problem.

The company is providing interoperability and high throughput with improved scalability. Elrond aims to provide its users better privacy and better performing centralized networks.

Elrond has made a lead to its mainnet and reduced the supply of tokens from 20,000,000,000 to only 20,000,000. Instead of burning coins, the company used an exchange swap called Elrond Gold. On this mainnet, a thousand ERD tokens translates to one (1000:1). Since the notation, the Elrond price has increased by 1200%.

In 2019, the company raised 3.2 million US dollars by selling a quarter of the total supply on Binance Launchpad. Elrond is using an interoperable blockchain network that allows 250,000 transactions per second. And brings a 1000-fold improvement in the speed and cost reduction as compared to the current blockchain technology.

Elrond has made many strategic partnerships with many world’s leading companies around the world. For instance, Samsung has integrated Elrond token support on their wallets. Both companies have their benefits, Samsung will build decentralized applications on the Elrond network and will get access to the token. Elrond will reach to millions of Samsung’s customers directly.

During the Binance IEO, ERD tokens were sold at $0.00065 per coin, the Elrond price wasn’t stable and increased to $0.007 per token soon after its IEO. The first quarter of 2020 was not good for the Elrond price as it dropped to low $0.00569 in March 2020, even below the IEO price. The mainnet launch boosted the ERD price, and it increased over 5200% in July 2020.

Elrond historical prices

You can save a lot of time if you can get all the relevant information at one place. To keep this in mind, we show a one-week long daily ERD price change in a single table. It can help you better understand the current Elrond price conditions without much effort. Daily percentage change in the price is also accessible in the same table.

How is the Elrond price established?

Did you ever pay more than the market price of any product that is readily available in the market? No? Do you know why? Because you can find the product at the market price easily from various vendors. What if the product or asset you need the most vanishes from the market and few people own it? Are those people sell the product at the market price? We highly doubt it. Would you pay more to fulfill your need? The answer might be yes. So, you followed how the rate of any asset or product establishes with the supply and demand.

A similar scenario is applicable in the cryptocurrency industry and therefore for the Elrond price. Supply and demand for Elrond rises and reduces its price. When many people are buying ERD, and there are not many of them available in the market on sale, then the Elrond price will rise, and the opposite is applicable when there will be plenty of ERD available.

In the cryptocurrency industry, the reputation of the cryptocurrency company might affect the price. In the past, several incidences of hacking a cryptocurrency platform happened that damaged the reparation of the platform. It caused the fall of the coin’s value.

Elrond price prediction

Predicting the future is a chore of divine powers. We humans are not good at it. Technology has advanced so much and still improving with every day passes; however, it has not advanced to the point where it can show us the future.

In the cryptocurrency industry, many intelligent analysts analyze the past performance of the Elrond price and guess the future trend of the price based on the market conditions and strategic partnerships.

What do you need to take into account with the Elrond price?

When you think about digital currencies, the first thing that comes to your mind might be the volatility of its prices. It is right that the rate of all cryptocurrencies change rapidly. It makes investing in the crypto market very risky.

It is better to keep your eggs in different bask than a single one. If you do it, you will be safe to some extent when the price will fall, instead of raising as you expected. It is advisable that only invest money in the cryptocurrencies that you don’t need soon.

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