Cryptocurrency MultiversX Decreases More Than 3% Within 24 hours

MultiversX's (CRYPTO: EGLD) price has decreased 3.04% over the past 24 hours to $37.5, continuing its downward trend over the past week of -1.0%, moving from $37.74 to its current price.

Timeline of Elrond-egld

With the month of May already unfolding, the cryptocurrency market is trading in a relatively choppy trend, taking the cue from the flagship decentralized finance (DeFi) asset – Bitcoin (BTC) – and some altcoins are performing better than others.

Shiba Inu (SHIB) is a decentralized cryptocurrency based on Ethereum, hence a meme-coin born in the wake of the success of other “dog” coins, such as Dogecoin, thanks in part to the support of prominent personalities such as Elon Musk.

We continue our analysis of the crypto world with regard to news and prices, today in particular we will analyze three very interesting projects, Polygon (MATIC), Chainlink (LINK) and Elrond (EGLD), which we now know as MultiversX.

Formerly referred to as Elrond, metaverse-focused project MultiversX [EGLD] confirmed the successful rollout of some new products in Q1 2023 aimed at driving more users to the protocol.

While the MultiversX (EGLD) price is trading inside a bullish pattern, it has to break out from it and move above $41.50 to confirm the bullish reversal. The post MultiversX (EGLD) Pattern Could Put an End to 93% Price Slide appeared first on BeInCrypto.

The year 2022 is drawing to a close, and all that's left to do is examine the charts of various cryptocurrencies in order to get an idea of how these assets will behave in the not-too-distant future.

Elron rebranded as a metaverse-focused project and changed its name to MultiverseX Its DEX, Maiar, also initiated its transition into xExchange Formerly referred to as Elrond [EGLD], the month so far has been marked by a series of significant ecosystem updates for MultiverseX.

Blockchain-focused firm Elrond has announced that it is taking a new dive into the metaverse of the crypto sector. According to its announcement, the company noted that it would henceforth continue under the “MultiversX” banner.

November 4, 2022 – Sibiu, Romania Elrond, the startup building internet scale blockchain technology, announces its transformation into MultiversX. The company thus expands its mission of building the new internet economy to include the digital meta-space frontier. The metaverse-forward company introduces three new products as the pillars for its evolution.

The Elrond (EGLD) price is increasing alongside an ascending support line and is ready to attempt breaking out above $62.50. The post Elrond (EGLD) Price Holds Steady Ahead of Fed Meeting – Is a Breakout Incoming?