Elrond (EGLD) Surpasses $500 (Market Watch)

In another volatile 24 hours, bitcoin spiked by nearly $3,000 in minutes before it headed south vigorously to retest $55,000. While most altcoins are also in the red on a daily scale, CRO and EGLD continue with their impressive performances.

Bitcoin’s Wild 24-Hour Ride

Following last week’s price slumps, bitcoin had begun its recovery during the weekend and tapped $60,000 for the first time in days on Saturday and Sunday. However, it failed to overcome that coveted level, and the subsequent rejection drove the asset south.

In just a few hours, BTC lost around $3,000 and dumped below $57,000. The situation changed rather drastically as bitcoin went on the offensive and spiked above $59,000 yesterday.

However, it turned out to be a fake-out as BTC lost all momentum and dropped beneath $56,000 in the following few hours. Another volatile move followed in which bitcoin surged by more than a grand and neared $57,000 where it’s currently situated.

Nevertheless, BTC’s market capitalization has dumped well below $1.1 trillion, and its dominance over the alts has been further reduced to just under 42%.


BTCUSD. Source: TradingView

EGLD’s Notable Run Continues

Most altcoins have mimicked BTC’s performance in the past 24 hours, meaning they are in the red now. Ethereum is down by 1.5% in a day and has dropped to $4,100. The second-largest cryptocurrency registered its latest peak approximately two weeks ago at nearly $4,900, but it’s down by $800 since then.

More price losses are evident from Binance Coin, Solana, Cardano, Ripple, Polkadot, and Dogecoin.

Avalanche, which has been among the best performers lately, is down by 4% on a daily scale. As a result, AVAX trades below $130. Shiba Inu has lost a similar percentage and stands at $0.000042.

In contrast, CryptoCom’s native token has surged again by 11% and is now above $0.75.

Elrond continues to mark new records, and the latest came at $540 earlier today. ELGD is up by 70% since last Friday, when the project announced a massive liquidity program for its DEX worth more than $1 billion.

More gains come from The Sandbox (37%), Amp (20%), Voyager Token (16%), Decentraland (11%), and Enjin Coin (10%).

In contrast, Fountain (-43%), Flow (-11%), ICON (-10%), Stacks (-10%), and Oasis Network (-8%) have lost the most value in a day.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto
SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to $1750.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.