What is Elrond (EGLD)? Why did it rise so high?

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What is the Elrond (EGLD) coin, which has been among the top-earning crypto coins of the week for the last two weeks? Elrond price, which is on the radar of Altcoin investors and has shown a steady upward trend recently, has refreshed the record today.

Elrond (EGLD) has become one of the most talked about crypto currencies by altcoin investors with its rally since the end of November. With its performance, Elrond has been on the list for the last 2 weeks in the “Top 5 Earning Cryptocurrencies This Week” prepared by the Koin Bulletin.

EGLD, whose price was less than $ 10 at the beginning of December, managed to increase its price to over $ 21 with an increase of more than 60% in the last 24 hours. According to CoinGecko data, the market value for Elrond, which is in the 59th position in the top 100 cryptocurrencies, reached $ 317.7 million with the latest rise. The Elrond coin is listed on many major exchanges such as Binance, OKEx, Bitfinex and BitMax. Daily trade volume for EGLD reaches 117.3 million dollars. The price of the EGLD coin rose to $ 21.71, breaking its own record just a few hours ago.

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