MultiversX
EGLDSummary · 1dWait · short bias— too little traded volume to fill a sized position.
Score −26 · closed barEntry $3.7310SL $4.1100TP1 $2.9730
A Short here goes against the 1w trend — size down or wait for it to turn.
Price chart
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Overview
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About MultiversX
MultiversX (EGLD) is ranked #265 by market capitalisation, at $112M. Circulating supply: 30.97M EGLD. The price is 99.3% below its all-time high of $545.64, set on November 23, 2021. Categories: Artificial Intelligence (AI), Smart Contract Platform, Layer 1 (L1), MultiversX Ecosystem.
What is MultiversX MultiversX is a blockchain protocol that offers true horizontal scalability by using all aspects of sharding (Network, Transaction & State). The project describes itself as a technology ecosystem for the new internet, which includes decentralized finance, real world assets and the Metaverse.
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Its smart contracts execution platform is reportedly capable of up to 100,000 transactions per second, 6-second latency and a $0.002 transaction cost. MultiversX is governed and secured through the EGLD token. EGLD, or Electronic Gold, is MultiversX's native token. It acts as a store of value currency to pay for network usage. The coin also serves as a medium of exchange between platform users and validators.
Users pay transaction fees in EGLD and validators participate in the consensus process. EGLD allows developers to deploy smart contracts, protocols, and dApps on the platform. It empowers participants to perform any network action. Through staking and validation rewards, as well as transaction fees, EGLD manages the MultiversX network.
Project description: CoinGecko (in English).