MultiversX, previously known as Elrond, has been making strides in the cryptocurrency market, particularly its native coin known as
EGLD. The innovative coin is garnering attention for its potential to surge over 400% in value. Industry speculation predicts a robust price hike for EGLD in the period between 2024 to 2030 and may even reach a valued pinnacle of $100 within the year 2024. The surge in attention can be attributed to the interest of
Fantom (FTM) and former Elrond investors who are intrigued by the
Zig Network (ZIG). At the start of July 2024, EGLD was ranked high among the major altcoin gainers. Key hurdles persist on the path to an EGLD price breakout as its market cap continues to grow. Views on Elrond's specialization and the surge in market cap of
EGLD coins to over $1 Billion support these implications. News of MultiversX's recent partnership with Google Cloud roused further interest. Further boost came from wallet integration which resulted in a 20% jump in EGLD price. The coin's reach has expanded as it is now available on multiple platforms such as Ledger Live and the banking app, Revolut. However, there were some setbacks such as the hack of the Elrond L1 Network where $1.65 Million EGLD were stolen, and the Maiar decentralized crypto exchange going offline following bug discovery. Despite these challenges, EGLD pulled a 30% recovery indicating the return of bulls on the track.
EGLD Coin News Analytics from Mon, 20 May 2019 07:00:00 GMT to Mon, 16 Dec 2024 04:48:00 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor -6