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MultiversX

MultiversX priceEGLD

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EGLD
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1 EGLD = 56.45 USD
Last updated 2024-02-23 10:27:09(UTC-0)

MultiversX price live data summary

The live price of MultiversX is $56.45 per (EGLD / USD) today with a current market cap of $1.50B USD. The 24-hour trading volume is $25.21M USD. EGLD to USD price is updated in real time. MultiversX is -3.45% in the last 24 hours. It has a circulating supply of 26,608,658 .

What is the highest price of EGLD?

EGLD has an all-time high (ATH) of $542.58, recorded on 2021-11-23.

What is the lowest price of EGLD?

EGLD has an all-time low (ATL) of $6.54, recorded on 2020-10-07.

When is a good time to buy EGLD? Should I buy or sell now?

When deciding whether to buy or sell EGLD, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget EGLD technical analysis can provide you with a reference for trading.
According to the EGLD 4h technical analysis, the trading signal is Sell.
According to the EGLD 1d technical analysis, the trading signal is Neutral.
According to the EGLD 1w technical analysis, the trading signal is Buy.

MultiversX price performance in USD

24h7d30d90d1yAll-time
-3.45%-7.40%+12.57%+23.10%+11.82%+228.56%

MultiversX price history in USD

TimeLowHigh
24h$56.18$58.72
7d$55.54$61.8
30d$47.86$62.57
90d$42.36$77.77
1y$22.3$77.77
All-time$6.54(2020-10-07, 3 years ago )$542.58(2021-11-23, 2 years ago )

MultiversX market information

Market capCombinedShapeIcon
$1,502,124,291.67
-3.45%
Fully diluted market capCombinedShapeIcon
$1,773,506,412.46
-3.45%
Volume (24h)CombinedShapeIcon
$25,208,310.14
-25.16%
Market rankingsCombinedShapeIcon
Circulation rateCombinedShapeIcon
+99.00%
24h volume / market capCombinedShapeIcon
0.0167
Circulating supplyCombinedShapeIcon
26,608,658 EGLD
Total supply / Max supplyCombinedShapeIcon
26,613,810 EGLD
31,415,926 EGLD
ICO price
$0.6500 ICO details
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MultiversX ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

MultiversX Social Data

In the last 24 hours, the social media sentiment score for MultiversX was 0, and the social media sentiment towards MultiversX price trend was Bearish. The overall MultiversX social media score was 188,010, which ranks 33 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,240,010 times, with MultiversX being mentioned with a frequency ratio of 0.11%, ranking 30 among all cryptocurrencies.

In the last 24 hours, there were a total of 0 unique users discussing MultiversX, with a total of MultiversX mentions of 1,316. However, compared to the previous 24-hour period, the number of unique users decrease by 0%, and the total number of mentions has increase by 4%.

On Twitter, there were a total of 59 tweets mentioning MultiversX in the last 24 hours. Among them, 32% are bullish on MultiversX, 3% are bearish on MultiversX, and 64% are neutral on MultiversX.

On Reddit, there were 0 posts mentioning MultiversX in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning MultiversX. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

All social overview

Average sentiment(24h)
0
Social score(24h)
188.01K(#33)
Social contributors(24h)
0
0%
Social mentions(24h)
1.32K(#30)
+4%
Social dominance(24h)
0.11%
Twitter
Tweets(24h)
59
-18%
Twitter sentiment(24h)
Bullish
32%
Neutral
64%
Bearish
3%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
0
0%
Reddit comments(24h)
0
0%

About MultiversX(EGLD)

What Is MultiversX

MultiversX ( previous name Elrond) is a protocol that seeks to redefine the boundaries of blockchain">blockchain technology by offering Internet-scale solutions. At the core of its design are two transformative features: Adaptive State Sharding and the Secure Proof of Stake (SPoS) mechanism. These unique attributes allow MultiversX to achieve unparalleled scalability, ensuring the platform can be efficiently operated on standard computers.

MultiversX was introduced in 2017 by Benjamin Mincu, Lucian Todea, and Lucian Mincu, all of whom were tech enthusiasts and entrepreneurs before MultiversX. The project was first announced in August 2019, and its mainnet went live in July 2020.

Resources

Official Whitepaper: https://files.multiversx.com/multiversx-whitepaper.pdf

Official Website: https://multiversx.com/

How Does MultiversX Work?

At the heart of MultiversX's efficiency is “Adaptive State Sharding” mechanism. Traditional blockchains have long struggled with scalability issues, often leading to congested networks and high transaction fees. Sharding divides the network into smaller, more manageable pieces called shards. Each shard can process its own transactions and smart contracts. By processing many transactions in parallel, MultiversX achieves a significant improvement in TPS compared to conventional blockchains.

In addition to sharding, MultiversX employs a consensus mechanism called “Secure Proof of Stake (SPoS)". This approach is a variation of the conventional Proof of Stake mechanism and was adopted to ensure a faster and more secure transaction validation process. With SPoS, validators are selected with a deterministic approach based on their availability and stake, ensuring a more fair and efficient selection process.

What Is The EGLD Token?

EGLD is MultiversX's native token, serving multiple crucial functions within its ecosystem. Its max supply is 31,415,926, among which 25,835,867 is in circulation.

EGLD can be used as a medium for paying network fees, including transaction and smart contract execution fees. Furthermore, EGLD is essential for staking, a process that helps secure the MultiversX network. By staking EGLD, participants can become validators in the network, helping to confirm transactions and produce new blocks. In return for these services, validators are rewarded with additional EGLD tokens. Additionally, the EGLD token can be used in various decentralized applications (dApps) built on the MultiversX platform, further integrating it into the broader digital economy.

MultiversX's Impact on Finance

By providing a platform that combines high scalability with robust security measures, MultiversX offers a promising foundation for DeFi projects that aim to serve a global audience. Moreover, its ability to process thousands of transactions per second at a fraction of the cost of traditional systems makes MultiversX an attractive choice for developers and businesses alike. MultiversX can play a pivotal role in bridging the gap between traditional banking systems and the emerging world of decentralized finance.

What Determines Wrapped MultiversX's Price

In the dynamic world of cryptocurrency, MultiversX (EGLD) has emerged as a formidable player, showcasing promising advancements in blockchain technology. As investors and enthusiasts keenly follow the MultiversX (EGLD) price today, several factors come into play that determine its market value. The EGLD token price is influenced by its innovative technology infrastructure, promising high scalability and energy efficiency, making it a lucrative option for potential investors eyeing the MultiversX price prediction for 2023.

The MultiversX (EGLD) live price is significantly influenced by its robust network architecture, which utilizes a sharded state architecture and a secure Proof of Stake consensus mechanism. This not only ensures faster and more reliable transactions but also positions it as a more efficient alternative to traditional blockchain solutions. The EGLD cryptocurrency value is further bolstered by its adaptive state sharding technique, promising a balanced, high-performance system, setting it apart from other blockchain platforms. Investors keen on MultiversX crypto investment should keep a close eye on the MultiversX (EGLD) price chart and market cap for a comprehensive MultiversX price analysis.

As the latest MultiversX (EGLD) news suggests, the platform has undergone a significant transformation, rebranding from Elrond to MultiversX, and shifting its focus towards the metaverse. This strategic move is expected to have a substantial impact on the EGLD token forecast, as it introduces new products designed to support the growth of the metaverse. The MultiversX trading volume is likely to see fluctuations, influenced by its competitive advantages including scalability, decentralization, security, and environmental sustainability. The platform's commitment to being a carbon-negative blockchain network is expected to resonate well with environmentally conscious investors, potentially driving up EGLD price fluctuations.

For those wondering how to buy MultiversX (EGLD), platforms like Bitget offers a seamless process, facilitating fast and secure transactions without the need for registration. Keeping a MultiversX (EGLD) wallet is essential for investors to manage their assets efficiently. Moreover, tracking the MultiversX (EGLD) price in USD on platforms like CoinMarketCap and CoinGecko can provide investors with real-time insights, aiding in making informed investment decisions. As the MultiversX community predictions suggest, the platform's innovative approach to solving the blockchain trilemma positions it as a potential leader in driving the next wave of blockchain adoption and innovation.

In conclusion, MultiversX (EGLD) stands as a promising investment avenue, with its innovative technology infrastructure and strategic focus on the metaverse promising potential high yields. As the platform continues to evolve, keeping abreast of the latest developments and market trends will be crucial for investors looking to capitalize on the opportunities presented by this dynamic crypto asset.

How to buy MultiversX (EGLD)

Buying MultiversX on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy MultiversX (EGLD) .

Trade EGLD perpetual futures

After having successfully signed up on Bitget and purchased USDT or EGLD tokens, you can start trading derivatives, including EGLD futures and margin trading to increase your income.

The current price of EGLD is $56.45, with a 24h price change of -3.45%. Traders can profit by either going long or short onEGLD futures.

Join EGLD copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or EGLD tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of MultiversX.

What is the current price of MultiversX?

We update our MultiversX to USD price in real time. Get the live Price of MultiversX on Bitget.

What is the 24 hour trading volume of MultiversX?

Over the last 24 hours, the trading volume of MultiversX is $25.21M.

What is the all-time high of MultiversX?

The all-time high of MultiversX is $542.58. This all-time high is highest price for MultiversX since it was launched.

Can I buy MultiversX on Bitget?

Yes, MultiversX is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Elrond guide.

Can I get a steady income from investing in MultiversX?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy MultiversX with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

Is Elrond EGLD a Good Investment?

Partnerships are vital indicators of a crypto project's potential success. The Elrond project, with its multiple partnerships, shows promise as a worthwhile investment. Future partnerships could elevate Elrond's value and drive its price higher. Additionally, more dApps on the Elrond network can increase user activity and boost EGLD's price. Lastly, a market bull run can further enhance buying interest in EGLD, positively impacting its price.

What is the difference between Elrond ERD and Elrond Gold EGLD?

In July 2020, the Elrond mainnet launch marked the introduction of EGLD, positioning it as the blockchain's primary digital currency and replacing the initial ERD token associated with Ethereum and Binance Chain. By September 2020, a system was established for ERD holders to transition their holdings to EGLD at a conversion rate of 1000 ERD to 1 EGLD. This strategic move aimed to amplify Elrond's prominence in the digital currency landscape. A significant distinction between the two tokens is their supply; ERD had a vast supply of 20 billion, whereas EGLD boasts a more limited and capped supply of 20 million, highlighting its potential scarcity and value in the crypto market.

How to stake Elrond EGLD

Create an account on the Elrond wallet, the official blockchain wallet. For validator node status, stake at least 2,500 EGLD. With fewer tokens, delegate them to other validators with a 1 EGLD minimum. Purchase EGLD on platforms like Bitget, then transfer to your Elrond wallet. Choose either 'Delegate' or 'Validate' for staking: For delegation, input your EGLD amount, pick a validator, and click 'Stake'. For validation, select 'Stake Now', choose a Staking Provider, set your EGLD amount, and confirm. Enjoy accumulating EGLD rewards!

What is the staking period for EGLD?

An EGLD epoch spans roughly 24 hours. You'll need 10 epochs to undelegate, during which you won't receive rewards. Post-undelegation, your EGLD is ready for withdrawal

What makes EGLD special?

Elrond is unique through its use of sharding in the form of Adaptive State Sharding, which splits the network into smaller fractions so that nodes can validate transactions and network operations by resolving one partition at a time.

What blockchain is EGLD on?

EGLD has its own blockchain called The Elrond blockchain. The Elrond blockchain uses a variation of the PoS protocol called Secure Proof of Stake. The network depends on a system of nodes and validators that need to stake EGLD to participate in the network.
Cryptocurrency investments, including buying MultiversX online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy MultiversX, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your MultiversX purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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EGLD is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support EGLD trades.
You can trade EGLD on Bitget.

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