Elrond, which has recently rebranded to
MultiversX with a high focus on the metaverse, seems to be generating much anticipation as evident in the recent reports. The
EGLD coin has witnessed a significant surge, capturing a 22% rise and achieving a market cap over $1 billion. Some forecasts have bolstered the bullish sentiment, predicting EGLD could reach even $100 by 2025-2031, others predict a more conservative target at $65 in 2023 or $30. Providing a growth impetus was a recent major partnership announcement with
Google Cloud which led to a rally in EGLD's price. Notably, the coin has become available to millions of users via
Coinbase and
Revolut, potentially expanding its reach and enhancing chances for adoption. However, EGLD's potential breakout has been tempered with news of certain key hurdles persisting. Moreover, the startup's
Maiar decentralized crypto exchange has recently gone offline due to a bug which could temper investor sentiment. In summary, MultiversX (EGLD) has seen a mix of positive and challenging developments, with its viability and growth potential possibly hinging on overcoming obstacles and the evolution of the metaverse.
EGLD Coin News Analytics from Mon, 20 May 2019 07:00:00 GMT to Mon, 20 Jan 2025 15:41:00 GMT -
Rating 2
- Innovation 6
- Information 8
- Rumor -3
