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MultiversX price jumped sharply on Thursday. This happened after Upbit listed the coin in its ecosystem. MultiversX price jumped sharply as investors reacted to the latest listing in Upbit, one of the leading crypto exchanges. EGLD jumped to a high of $52.01, the highest level since February 21 of this year. In all, the coin has risen […]
The post Here’s why MultiversX (EGLD) price just jumped appeared first on CoinJournal.
EGLD is the native mainnet token of the Elrond blockchain network, a highly scalable, fast, and secure blockchain platform built for the internet scale. EGLD replaced the ERD ERC20 and BEP2 tokens in July 2020 when Elrond launched its mainnet. Brothers Beniamin and Lucian Mincu co-founded Elrond in partnership with... Read More
This post on ‘MultiversX (EGLD) price prediction’ will teach you about the well-known Elrond coin, its price history, its price forecast from 2022 to 2030, where to buy the coin, and an investment analysis. You will also learn if investing in MultiversX a smart move going forward in 2023? What is MultiversX (previously Elrond)? MultiversX […]
This post on ‘MultiversX (EGOLD) price prediction’ will teach you about the well-known EGOLD coin, its price history, its price forecast from 2022 to 2030, where to buy the coin, and an investment analysis. You will also learn if investing in MultiversX a smart move going forward in 2023? What is MultiversX (previously Elrond)? MultiversX […]
This post on ‘MultiversX price prediction’ will teach you about the well-known MultiversX coin, its price history, its price forecast from 2022 to 2030, where to buy the coin, and an investment analysis. You will also learn if investing in MultiversX a smart move going forward in 2023? What is MultiversX (previously Elrond)? MultiversX (previously […]
EGLD Spikes on Coinbase Listing Announcement EGLD, the native cryptocurrency that powers the MultiversX (formerly known as Elrond) blockchain, surged 5.0% on Tuesday on the [...]
With so many projects for investors to pick from within the crypto space, it can be a bit intimidating and confusing to figure out which options stand out more when compared to others. However, some projects pass through the noise within the crypto space and differentiate themselves in numerous ways to become appealing to investors. […]
MultiversX claims it will expand upon the Elrond Network’s established ecosystem. Companies keep investing in metaverse despite claims of low
The blockchain developer announced it will transform into MultiversX, as it shifts focus on metaverse development and introduces three new products.
Blockchain users and startup founders on the Elrond blockchain can now enjoy Entity and its suite of products. Entity, a growth engine for Web3 builders and investors on the Elrond Network, announced on Thursday, November 3rd, that it is now available for use by blockchain users and startup founders. According to its press release, the project […]
The post Entity is now available for blockchain users and startup founders on Elrond appeared first on CoinJournal.
Bullish EGLD price prediction is $60.38 to $216.64. Elrond (EGLD) price might also reach $250 soon. Bearish EGLD price prediction
Elrond (EGLD) and Aptos (APT) are attractive in a sideways market as they record extreme price fluctuations. This price action is attracting market participants tired of Bitcoin and Ethereum trending sideways, chopping out long and short positions. Related Reading: 2022: The Year Of Crypto Market Fear Launched a day ago in most crypto exchanges, Aptos experiences massive price fluctuations. At the time of writing, Elrond trades at $57 with a 4% profit in seven days and a 20% profit in thirty days. In the meantime, Aptos deals at $7 with a 47% loss in the last 24 hours. Retail Traders Pile In, Betting On Elrond and Aptos NewsBTC reported earlier that Bitcoin and larger cryptocurrencies would likely continue with their sideways movement over the coming weeks. This sideways price action might extend the spikes in volatility for EGLD, APT, and tokens going viral across social media. In that sense, data from Santiment recorded an increase in the “Discussion Rate” across Twitter, Telegram, and other platforms. Retail traders have been posting about these cryptocurrencies causing more people to become interested, leading to further volatility. The research firm said the following on Elrond and Aptos’s price action while sharing the chart below: Elrond and Aptos are both trending Wednesday for different reasons. The price of $APT tanked after launching its highly anticipated mainnet. Meanwhile, $EGLD has benefited from some shilling and giveaways making rounds on Telegram, in particular. Additional data from Material Indicators support this thesis. Retail traders have been following as Elrond increases its social media posting volumes. Traders with buy orders from $100 to $1,000 are bidding into EGLD’s price action. The cryptocurrency is losing momentum on lower timeframes. As seen in the chart below, EGLD’s price is coming into heavy resistance at its current levels. Selling orders are thickening and might prevent the price of this cryptocurrency from sustaining its price action. While more significant cryptocurrencies trend sideways, any rally or volatility in the price of Elrond and Aptos might be short-lived. However, if too many traders jump into these tokens, Bitcoin and Ethereum might lose stability. Related Reading: JPMorgan Taps Former Celsius Exec As Crypto Regulatory Policy Director According to a pseudonym trader, APT’s volatility and increasing participation might take out the liquidity from other trading pairs. This price action leads to a sudden shift in price direction for more prominent cryptocurrencies, a situation that might become normal while the market lacks clear direction. After 1 day: $150 mil open interest, $3 bil futures volume, $1 bil spot volume… This is going to suck so much liquidity from the market.$APT https://t.co/iMupyE21It — Byzantine General (@ByzGeneral) October 19, 2022
EGLD’s price shows a spark of strength as the price bounced off from $45 with good volume. EGLD continues in a range-bound movement as the price aims to breakout ahead of a rally to $80. The price of EGLD continues to trade above the 50 Exponential Moving Average (EMA) as the price creeps in on the daily timeframe. Despite market uncertainties that have affected the prices of many altcoins in recent weeks, the price of Elrond (EGLD) has remained strong. Elrond (EGLD) has held firm, defending its support as the price remains in a range, with a possible breakout as the price targets $80. The price of Bitcoin (BTC) rose from its low of $19,100 to $19,600 as it attempted to break through to $20,000. A successful breakout will result in relief bounces for the majority of the market’s crypto assets. (Data from Binance) Related Reading: Cardano Finds Breathing Room At $0.35 Support – Is This Enough For ADA? Elrond (EGLD) Price Analysis On The Weekly Chart. Despite experiencing some great price movement in recent weeks due to so many partnerships and great projects built on the Elrond network, EGLD has attracted the attention of traders and investors with its unique use case as many look for opportunities to buy. The bear market has had a fair share of the price of EGLD, as the price of EGLD dropped from a high of $500 to a weekly low of $40, where the price was able to form good support to hold sell-offs due to panic. The price of MATIC, after forming good support, price rallied to a high of $68, and the price was rejected to $45 despite showing great strength to break and close above this resistance. The rejection of EGLD from this region has led to the price range to build more buyers other than a break out of this range. Weekly resistance for the price of EGLD – $70-$80. Weekly support for the price of EGLD – $45. Price Analysis Of EGLD On The Daily (1D) Chart In the daily timeframe, the price of EGLD continues to trade below its key resistance at $65; despite bouncing off from its daily low, the price of EGLD faces a test to breakout above $65. If the price of EGLD breaks and holds above $65, we could see the price of EGLD rally with a good volume to as high as $80, but if the price of EGLD fails to breakout price could be rejected back into its range of $45-$65. On the daily timeframe, the Relative Strength Index (RSI) for EGLD looks good after rallying from an oversold region, indicating good buy volume for EGLD. Daily resistance for the EGLD price – $65. Daily support for the EGLD price – $45. Related Reading: Polygon’s MATIC Price Prediction: Why Bulls Aim $1 or Higher Featured Image From Cryptoninjas, Charts From Tradingview
Elrond is a security-focused public blockchain that runs on Secure Proof of Stake consensus to create a decentralized network for traditional financial services. EGLD is a native coin of this network that helps to run the ecosystem with a streamlined and improved experience. With its Adaptive State Sharding, EGLD offers better scalability without compromising privacy …
Traders shift their focus to XRP, UNI, QNT and EGLD while Bitcoin continues to consolidate around the $20,000 level.
Elrond is a sharding architecture decentralized blockchain protocol that runs on a Secure Proof of Stake (SPoS) consensus. It breaks into several shards depending on how much work is being done. It was started in 2017 by Lucian Mincu and Benjamin. In 2019, Elrond (EGLD) was launched on the Binance launchpad, and in 2020, it …
Elrond is the best performer amongst the top 50 cryptocurrencies by market cap and…
The post EGLD could cross the $60 mark after Elrond introduces a feature de-sync for NFTs appeared first on CoinJournal.
Bullish EGLD price prediction is $65.73 to $353.12. Elrond (EGLD) price might also reach $55 soon. Bearish EGLD price prediction
No doubt, the cryptocurrency world is driven by innovation. New ideas and approaches are constantly developed and are responsible for driving the crypto space forward. This piece will look at the next-generation features of these new additions to the coin market: Solana (SOL), Elrond (EGLD), and GryffinDAO (GDAO). What Should You Know About Solana (SOL)? […]
The price of Elrond (EGLD) has shown little relief bounce against Tether as it continues to range in its bearish flag pattern. Although relief bounces are shown by other cryptocurrencies across the market, with some double-digit gains, Elrond’s price has struggled to crack those gains. (Data from Binance) Related Reading: TA: Ethereum Loses Steam, Why 100 SMA Is The Key For More Gains Elrond Price Analysis On The Weekly Chart From the chart, the price of Elrond saw its weekly bottom at $40, and the price of EGLD bounced from that region to a price of $57 on the weekly chart as the price is unable to show much strength to trend higher. EGLD weekly candle closed with a bearish sentiment, with the new week’s candle looking indecisive. The price has continued to show little or no traction; If the price of EGLD on the weekly chart maintains this structure, it could retest its low of $52 as this is the trendline support region on the weekly chart. For the price of EGLD to trend higher, it needs to break the resistance at $60 with a good volume to have a go at higher prices and double gains. Weekly resistance for the price of EGLD – $60. Weekly support for the price of EGLD – $52. Price Analysis Of EGLD On The Daily (1D) Chart The price of EGLD has found itself ranging in a bearish flag channel, trying to break out from what looks like a cage preventing the price from trending higher. EGLD has found its price ranging between $52, acting as support, and $70 acting as the resistance for the price of EGLD. The price of EGLD needs to break out of this range and close above the $70 mark to trend higher to a region of $80. With more buy orders and volume, we could see EGLD retesting the upper range of $70 if the price fails to break out, going a retest of trendline support at $52 and lower if there is a market sell-off. EGLD is currently trading at $56, just below the 50 and 200 Exponential Moving Average (EMA), which corresponds to prices of $65 and $101, acting as resistances for EGLD price. On the daily chart, the Relative Strength Index (RSI) for the price of EGLD is below 40, indicating a low volume of buy orders. Daily (1D) resistance for EGLD price – $60-$70. Daily (1D) support for EGLD price – $52. Price Analysis Of EGLD On The Four-Hourly (4H) Chart The price of EGLD has shown a little bullish trend below the 200 EMA price, which correspond to $58, acting as resistance to the EGLD price. EGLD needs to break and hold above the 200 EMA to assume its bullish sentiment; if EGLD fails to break and hold above, we could see the price retesting its support levels at $52. Four-Hourly (4H) resistance for EGLD price – $60-$70. Four-Hourly (4H) support for EGLD price – $52. Related Reading: Dogecoin Price Movement Thwarted By Sellers, What’s Next On Chart? Featured Image From zipmex, Charts From TradingView.com
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