Elrond (ERD) is a cryptocurrency with practical applications. It has been able to attract the listing of the Binance due to its real life applications.
With the listing in Binance Exchange and Binance Decentralized exchange, ERD is good to Hodl since:
Elrond is traded against three coins within the top ten in market capitalization: for Elrond (ERD) to be traded against three coins among the top ten coins in market capitalization shows that the coin is gaining popularity and exposure with the listing in Binance Exchange and Binance Decentralized Exchange. The three coins are Bitcoin (BTC) , Binance Coin (BNB) and Tether (USDT).
Elrond is exposed to traders in the community : Binance exchange has large traders and users in the platform. About 95.49% of all trades in Elrond (ERD ) is association with both Binance exchange and Binance decentralized exchange. This ensures that the token retains a higher trading volume when compared to tokens not listed in it. At the time of writing, the token has about $15.84 million trading volume in the last 24 hours. This is commendable since it recorded about $30 million in trading volume in the first hour of its listing.
Binance exchange is reliable: since Binance exchange controls over 95% of all trades in Elrond (ERD) token, some traders would have been afraid if it were to be some other unpopular exchanges due to fear of inside trading to manipulate its price in favor of the whales. The trust ensures that tradings continues with no fear.
Elrond trades against three stablecoins listed in both Binance exchange and Binance Dex : Binance exchange allows it to be exchanged ERD with three stablecoins which are Tether (USDT) , PAX and USDCoin (USDC). The equal ratio of this stablecoins with fiat enables traders to have security when the market is bearish.