EGLD Retreated From Highs And Is Trading At $180

Elrond has been trading within a massive rally since October 2020 from an all-time low of $6.8 to an all-time high above $200. In the past 48 hours, the digital asset has gained over $2 bln in market capitalization, making it to the top 20.

As of this writing, EGLD has retreated from highs, trading at $180 after hitting a high above $215 earlier in the day. The selling pressure on the new cryptocurrency has been enormous. However, it recovered relatively quickly from the $167 low. After hitting the top 20 cryptocurrencies, interest in EGLD began to grow.

A week ago, Elrond's 'Maiar' wallet was launched, a mobile application that allows users to send and receive cryptocurrency using only their phone number. It has been successful so far. According to the official tweet, the app has been downloaded by over 100,000 people.

Image: Medium