Today, extreme price volatility graced the cryptocurrency markets. Within the past 24 hours, many lesser-known altcoins have overtaken the market with impressive gains.
One altcoin that is making sturdy strikes is Elrond (EGLD) which has rallied 75% since finishing a rounding backside on Dec. 7. However, the first two weeks of December have been extremely successful for EGLD.
Elrond (EGLD) Listed on eToroX Exchange
The Recent surge in interest from institutional and retail investors has Fueled the Bitcoin price to reach new price records since its last 2017ATH. The rapidly maturing cryptocurrency markets are expected to easily surpass the $1 trillion dollar global capitalization and continue to develop following a rapid adoption trajectory.
This has prompted eToro exchange to capitalize on the emerging market opportunity and expand its cryptocurrency portfolio after a 12-month hiatus
Internet-scale blockchain company, Elrond, today announced its native token would be available on the crypto exchange, eToroX. Elrond’s eGold token allows to support the network and earn rewards.
EGLD Price surged 30%
Elrond has continued to rally despite the sluggish price action among altcoins in the top 100. At press time, Elrond price today is $24.90 USD with a 24-hour trading volume of $143,480,842 USD. Elrond is up 30.26% in the last 24 hours. The current CoinMarketCap ranking is #52, with a market cap of $359,370,904 USD.
Looking ahead , Multiple sell signals could cut short the massive rally amid the fear of missing out (FOMO) and perhaps speculation for gains above the yearly high at $33.
On the other hand, the extensive sell-off may lead to extensive losses, probably sending the EGLD price back to the drawing board at $6.