MultiversX: Elrond rebrands to focus on the metaverse

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.

Timeline of Elrond-egld

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?

From its inception to this very day, the phenomenon of cryptocurrencies has seen a dramatic surge in acceptability and scalability by the general public. Do you understand that this cannot happen overnight? There must be an explanation.

The risks associated with every crypto purchase have increased due to the bear market condition. Crypto enthusiasts have found it hard to make a profitable purchase in the past months.

Elrond (EGLD) price is expected to break out from the $56.50 resistance area and accelerate its rate of increase afterward The post Elrond (EGLD) Price Breakout Could Lead to a 30% Increase appeared first on BeInCrypto.

Due to Elrond [EGLD] shillings and giveaways that have made rounds on Telegram, the crypto asset has recorded a surge in its social activity since 18 October, data from Santiment asserted. As of this writing, “Elrond” ranked third on Santiment's list of top ten trending crypto words.

Amid the recent relief rally in the crypto market, the Elrond coin price bounced back from the $51.8 support and surged 11.5% higher. This development allowed buyers to rechallenge the $58 neckline resistance of a cup and handle pattern.

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.

Elrond, together with Polygon and Uniswap, were the three altcoins mentioned in a recent news report by CNBC to watch out for this month as they managed to tally significant gains despite the continued grip of bears in the crypto market. Elrond is currently in a bullish pattern, ready to test the $57.7 resistance marker EGLD could go as high as $67.5 if its bull momentum continues Experts predict the asset ending the year with price closer to its November 2021 ATH Elrond has successfully increased its September 28 price of $45.43 by 10% to trade at $55.65.

The crypto market witnessing high volatility caused a minor consolidation in Elrond coin price. This sideways price action indicates that the buyers are struggling to surpass a local resistance of $57.5.