MultiversX (formerly known as
Elrond or
EGLD) has been gathering interest in the market as the cryptocurrency sets up for a breakout amidst varying hurdles. The crypto coin has grown significantly in volume due to key wallet integrations, contributing to its recent 20% gain. Notably, this gain has led
MultiversX to top the charts as a leading gainer. Despite these milestones, the price of
EGLD continues to stir up anticipation, especially as trading experts continue to predict its movement. A noteworthy shift occurred when
Elrond rebranded as
MultiversX, shifting its focus to the metaverse. Following this, a partnership with Google Cloud contributed to a rally in its token price. Tying this with the recent availability of
EGLD to millions of users via Revolut and other platforms indicates a potential for further growth. Despite this, turbulent times lie ahead as the cryptocurrency sector battles market volatility. This was felt during a recent event where Elrond's Maiar decentralized exchange went offline due to a bug discovery. This event was followed by a hacking incident on Elrond’s L1 Network resulting in a loss of $1.65 Million EGLD. Furthermore, the reappearance of Elrond’s Maiar exchange has been predicted to potentially propel the EGLD price to new all-time highs.
EGLD Coin News Analytics from Mon, 20 May 2019 07:00:00 GMT to Sun, 24 Nov 2024 20:32:58 GMT -
Rating 6
- Innovation 5
- Information 7
- Rumor 4
