↑ The Rise of EGLD Coin: Investment Opportunities, Risks and Predictions
MultiversX (formerly known as Elrond or EGLD ) has been gathering interest in the market as the cryptocurrency sets up for a breakout amidst...
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