Cryptocurrency Q&A
How much is EGLD worth on coin360?
How much is EGLD worth on coin360?
CryptoVeteran
Mon May 27 2024
|
5 answers
978
Could you please elaborate on the current value of EGLD on coin360? I'm particularly interested in understanding its market position and whether there have been any significant fluctuations in its price recently. Additionally, I'd like to know if there are any predictions or expert opinions regarding its future potential. Could you also provide any insights into the factors that might affect its price movement? It would be helpful if you could summarize this information in a concise manner. Thank you for your assistance.
5 answers
JejuJoyfulHeartSoulMate
Wed May 29 2024
Cryptocurrency enthusiasts often inquire about the price movements of EGLD, the native token of the Elrond blockchain. At present, the EGLD price stands at $40.3229, reflecting a certain level of market activity. This figure represents the current exchange rate between EGLD and fiat currencies, such as the US dollar.
Was this helpful?
133
51
CryptoEnthusiast
Wed May 29 2024
The circulating supply of EGLD tokens is currently 26,946,856. This metric indicates the number of EGLD tokens that are currently in circulation and available for trading on various exchanges. It is an important factor in determining the overall market capitalization of Elrond.
Was this helpful?
163
74
Ilaria
Wed May 29 2024
However, it's worth noting that there is a maximum supply of EGLD tokens, which is capped at 31,415,926. This limit ensures the scarcity of EGLD and potentially supports its value in the long run. The existence of a maximum supply also adds a degree of predictability to the market, as investors can have a sense of the potential upside.
Was this helpful?
387
65
Isabella
Wed May 29 2024
Market capitalization, often abbreviated as M.Cap, is another crucial metric for assessing the size and health of a cryptocurrency project. Yesterday's market capitalization of Elrond was $1,077,735,424, indicating a significant level of investment and interest in the project.
Was this helpful?
176
92
Dario
Tue May 28 2024
Additionally, investors often look at the opening price of a cryptocurrency on a particular day to gauge market sentiment. Yesterday's opening price of EGLD was $40.41829, providing a reference point for investors to compare against subsequent price movements.
Was this helpful?
119
45
