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Following a week of negative price action, Bitcoin rebounded close to $31,500 on Monday, with an upwardly movement of 5.6%. Ethereum, on the other side, rose by 6.7% and hovering on the edge of the $1,900 mark but eGold price stood on negative side. This positive price momentum comes at a time when China eased its Covid restrictions.
Bitcoin’s price movement had an overall rippling effect on not just on the top 10 coins but also the overall market. Meanwhile, there is one outlier among the best performing cryptocurrencies.
eGold Price Drop
In the last 24 hours, the eGold (EGLD) token price dropped by 13.16% due to a set of suspicious activities. From trading at upwards of $75 in the last 24 hours, the Elrond network token dropped to as much as $65.
As of writing, eGold price was trading at $65.75, according to CoinMarketCap. With a market cap of $1,452,183,099, the token stands at a ranking of 42.
The eGold price drop began after Beniamin Mincu, founder and chief executive officer of Elrand network, made an announcement. This led to gradual decline in eGold price within a space of few hours.
