$EGLD
WHY I SELL.
Hereโs the detailed breakdown for EGLD (Elrond):
Market Data
Price: Elrondโs native token, EGLD, is used for staking, governance, and paying transaction fees on the Elrond blockchain. Its price fluctuates with market trends, adoption rates, and usage within the Elrond ecosystem.
Market Cap: Elrond has a relatively high market cap among blockchain projects, reflecting the widespread adoption of its network for decentralized applications (dApps), DeFi, and cross-chain interoperability.
Volume: The trading volume of EGLD is substantial, particularly when there are major updates or cross-chain integrations. The platformโs scalability and transaction speed have attracted significant market attention.
Circulating Supply: The circulating supply of EGLD is gradually increasing, with a capped total supply designed to provide long-term scarcity while rewarding participants in the network.
News Sources
Official Website: Elrond's official website provides detailed insights into its blockchain technology, dApps, and ecosystem. It also features information on the EGLD token, its staking mechanism, and developments within the Elrond network.
Twitter: Elrondโs Twitter account is the go-to source for real-time news, platform updates, community initiatives, and events, often featuring the latest product releases and network upgrades.
Medium: The Elrond Medium account offers in-depth articles on technical updates, partnership announcements, and other significant developments impacting the platform and token.
Reddit: The Elrond subreddit serves as a community hub where users can discuss updates, share experiences, and provide feedback on Elrondโs latest developments and features.
improvements and the introduction of new features, often drive market events, resulting in increased trading volume and price action for EGLD.