Elrond Surges Market Price, Gears to Blast $500 Anytime Soon

Altcoin News

  • Elrond (EGLD) recorded a price surge of almost +20%.
  • EGLD trading volume spikes to over $414 million.

Elrond (EGLD) never fails to surprise crypto enthusiasts in the space. Once again, EGLD took the crypto world by storm when it successfully recorded a price surge to almost +20% in the past 24 hours.

As a result, the trading volume of the coin spikes to $414 million with a 24-hour growth rate of over +150%. Indeed, this price level of the crypto catches the attention of investors around the world.

egld price
Source: TradingView

Based on the graph, EGLD continues to walk above the bullish price of $300. In addition, it also displayed the increased rate of the crypto to almost +40% from its bearish price of $226.20. If this trend continues, there might be a chance that EGLD may smash its resistance level at $356.70.

If it does, the doors toward the skyrocketing price of $400 and beyond will open, an opportunity that is just +29.19% away from its current position. But of course, this will most likely happen if the bullish market and its investors continue to favor the crypto.

On the other hand, EGLD is just one of the potential cryptos that are now taking the crypto markets center stage. Therefore, it is advisable to still do your own research in order to know the crypto that suits your trading appetite best.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.