Strong Performance: EGLD’s Rise in Price

MultiversX is a blockchain project that aims to offer a range of decentralized finance (DeFi) services, non-fungible tokens (NFTs), and Metaverse capabilities. According to their official website, MultiversX claims to be the most advanced blockchain architecture in the world.

One of the key features of MultiversX is its distributed transactional computation protocol that relies on a sharded state architecture and a secure Proof of Stake consensus mechanism. Unlike many other blockchain networks that require custom hardware and consume high levels of energy, MultiversX can run on average computers.

The project has two main entities: users and nodes. Users hold a finite number of public/private keys, which they can use to interact with the network. Nodes, on the other hand, are responsible for processing transactions and securing the network.

One of the unique aspects of MultiversX is its emphasis on formal verification for critical protocol implementations, such as the SPoS consensus mechanism. This helps validate the correctness of the algorithms used in the network.

MultiversX also offers crypto payment services that allow users to accept online payments at competitive rates, as well as swap assets instantly, globally, inexpensively, and automatically.

Overall, MultiversX is a blockchain project that aims to provide a range of decentralized services, including DeFi, NFTs, and Metaverse capabilities. Its distributed transactional computation protocol, emphasis on formal verification, and focus on energy efficiency make it an interesting project to watch in the blockchain space.

MultiversX uses the EGLD token, which is the token of the MultiversX platform. The EGLD token is based on the SPoS (Secure Proof of Stake) consensus protocol and uses adaptive sharding. It is used to pay transaction fees and rewards for creating new blocks. In addition, there is a GitHub repository containing a list of tokens that are supported on the MultiversX platform.

EGLD is a cryptocurrency token associated with the Elrond blockchain network. The token has a circulating supply of 19,667,366 EGLD and a maximum supply of 31,415,926 EGLD. The current market price of EGLD as of 27th April 2023 is 139.28 USD, with a market capitalization of 2,735,358,011 USD.

Elrond’s mainnet was launched in July 2020, bringing the native EGLD coin into the market. The coin traded in a range roughly between $10 and $12 until 2021. EGLD rose to about $200 by 2021, indicating strong price performance.

The maximum supply of EGLD is limited to 31,415,926 tokens. While new tokens are created to reward network validators, the maximum number of coins that can be created will not exceed this limit.

EGLD is listed on several cryptocurrency exchanges, including Binance, Bitfinex, and CoinMarketCap, among others.

How has the price of EGLD changed in the last 24 hours

Over the past 24 hours, the price of EGLD (the token of the MultiversX blockchain platform) has increased by different values in different sources. On the KuCoin exchange, the price increased by 1.53% to $43.6. On CoinMarketCap, the price increased by 6.71%, on the Binance exchange there is no price change in the last 24 hours, however, at the time of writing, the price of the EGLD token was 49.39 USD.

EGLD price forecast for the end of 2023

The website Bitcoin Wisdom predicts that the price of EGLD will reach $124.5 by the end of 2023. Meanwhile, the website Tech News Leader predicts that the price of EGLD could reach $88.78 by March 2024, which is within the 2023 calendar year.

In summary, EGLD is a cryptocurrency token associated with the Elrond blockchain network. The maximum supply of EGLD is limited to 31,415,926 tokens, and the current market price of EGLD as of 27th April 2023 is 139.28 USD, with a market capitalization of 2,735,358,011 USD. EGLD has shown strong price performance since its launch in July 2020.

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