⇑ MultiversX (EGLD) Coin: The Undervalued Crypto with High Prospects
MultiversX (EGLD) , formerly known as Elrond , has been gaining significant attention in the crypto market, with its price predicted to hit $100...
In recent times, the cryptocurrency Elrond eGold (EGLD), which has been rebranded to MultiversX, has attracted significant attention and is potentially undervalued. Many investors are excited about its prospects, particularly in connection with the Zig Network and price predictions suggest it may hit $100 this year. It faced key hurdles but appeared poised for a breakout. Supporters argue that it is a crucial addition to a diverse crypto portfolio.
The coin's price has been volatile, surging by 22% and reaching a market cap of $1.1 billion. Bullish predictions suggest that the price could surge over 400% and reach $65 in 2023. The coin was listed on New York based trading platform Revolut, becoming accessible to millions of users. An indicator suggests that when triggered, similar coins like LUNA, MATIC and EGLD usually gain 10%.
Elrond, now MultiversX, rebranded to focus on the metaverse which is a speculative concept of a future iteration of the internet. Also, it took a hit when the Elrond L1 Network was hacked, leading to a loss of $1.65 million EGLD. However, EGLD recovered by 14% in the week following the incident.
Lastly, the coin got listed on the Coinbase COIN50 index and technical charts suggest new higher highs are imminent. The cryptocurrency has been suggested as one of the coins with potential for substantial gains amid market turbulence and as a currency that could transform an investment of $100 into $1,000 during a bull run in 2024. The coin's price action suggests that it is ready to mark new higher highs.
EGLD Coin News Analytics from Mon, 20 May 2019 07:00:00 GMT to Wed, 12 Feb 2025 15:33:21 GMT - Rating 7 - Innovation 2 - Information 6 - Rumor -3