Elrond (EGLD), recently rebranded as
MultiversX, is making waves in the cryptocurrency market. With a focus on the metaverse, it has shown strong market performance and possesses a substantial market cap. MultiversX's ramp-up isn't without hurdles, as demonstrated by key issues persisting that could hinder a breakout. Nevertheless, according to CoinPedia, there are optimistic predictions of the EGLD price achieving $100 by year's end. MultiversX (EGLD) recently partnered with
Google Cloud, which buoyed the token's rally. An integrative step featuring
Chainlink Data Streams might even boost the coin's price further. The coin has also made gains by being newly available through
Revolut, extending its reach to millions of users. Nonetheless, challenges lie ahead. A bug led to Maiar's decentralized crypto exchange temporarily closing down, whereas a hack on the Elrond L1 Network resulted in $1.65 million of EGLD stolen. In spite of these incidents, EGLD continues to expand its foothold, as borne out by recent collaborations with companies like
Tencent to expand
Web3 Strategy. Amid signs of recovery, including a rise in EGLD price by 14% in a week, it remains involved in discussions such as the volatile gaming coin market and whether tokens like Pikamoon (PIKA) could outperform it. Featuring among the top crypto gainers and contending for considerable gains amid market turbulence are clear indicators of how the coin remains an essential consideration for investment portfolios.
EGLD Coin News Analytics from Mon, 20 May 2019 07:00:00 GMT to Fri, 01 Nov 2024 18:56:34 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 3
