↑ MultiverseX's Journey: From Elrond (EGLD) to Prominent Market Moves

The circulating reports focus on various aspects of the cryptocurrency, Elrond (EGLD), now rebranded as MultiversX. Overviews and analyses of price predictions for the years 2024 - 2030 are frequently highlighted, with some speculating the price could hit $100 soon. However, these predictions are made despite some key hurdles persisting for the EGLD crypto. It experienced a dip in August 2024, simultaneously with large cryptocurrencies like BTC and ETH, but managed to recuperate and soar by 4%.

Several critical measures have been taken to continue pushing EGLD's market performance. The token's integration with Chainlink data streams could potentially boost its price, with EGLD rallying after a partnership with Google Cloud. New initiatives and global expansion have put MultiversX at the forefront of the DePin market. Despite some tokens experiencing declines, EGLD saw a 20% jump due to a key wallet integration and was further signaled for a potential rally after a 22% skyrocket.

MultiversX announced the adoption of its EGLD token by millions via Revolut, improving its accessibility. However, their first-level network was hit by a hacking incident that saw $1.65 million worth of EGLD stolen. Albeit this hiccup, MultiversX has made significant strides in gaming development, surpassing even Decentraland. It secured a partnership with Tencent to expand its Web3 strategy and managed a 14% recovery in just one week.

Other notable events include a significant shakeup in its executive team, with the new appointment of Adam Bates as the CMO, a rebrand to MultiversX focusing on the metaverse, and the availability of the Romanian cryptocurrency in Revolut.

EGLD Coin News Analytics from Mon, 20 May 2019 07:00:00 GMT to Sat, 09 Nov 2024 05:15:00 GMT - Rating 6 - Innovation 8 - Information 9 - Rumor 4