The Elrond (EGLD) token seems to be gearing up to retest its all-time high currently located at the $300. 56 level

The Elrond token is currently trading at $204. 99 at the time of writing. The coin has seen gains of 11. 33% in a day after a long period of consolidation that started at the $146. 94 level on 20 September 2021. If the volume continues to grow, the coin may retest its ATH. The EGLD token seems to be establishing a support zone near the $200 region and the coin could possibly establish higher highs if the current price rally continues in the future.

Where and how to buy Elrond from the UK and other countries

The Elrond token, which is a popular cryptocurrency, will require you to open a trading account with an exchange/broker. Click on the sign up tab to register and enter your username, password, and email address. Next, you will need to verify your identity and provide proof of address. Standard documents like a utility bill and driving license will be accepted by most sites. To ensure compliance with Know Your Customer (KYC), regulations, the verification process must be completed.

Decentralised exchanges (DEXs), are not regulated and should be avoided. We have chosen two platforms that allow you to trade quickly and easily for your convenience.

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. Its social copy trading capabilities make it an excellent choice for beginners.

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Binance

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

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What is Elrond?

The Elrond network is an innovative, scalable enterprise solution that incorporates sharding technology. It is easy to deploy dApps, and focuses on fast and low-cost transactions. The EGLD network plans to expand into decentralised financing (DeFi).

The EGLD token was recently listed on the KuCoin exchange and has entered into a partnership with Alchemy Pay. This alliance will allow for the conversion of EGLD to fiat or vice versa.

Should I buy EGLD now?

The Elrond token has been able to maintain its rebound rally. It could be helped by the positive news surrounding it that could help it to retest the ATH soon. It could offer healthy rewards for its early holders. The reliability and speed of the Elrond network are well-known.

The first target for the EGLD coin is to breach the $250 level and move closer to its ATH. If the bulls keep their interest, the coin could surge higher.

This article is for informational purposes only. It should not be taken as investment or financial advice.