MultiversX (EGLD)MultiversX (EGLD)
MultiversX is a blockchain protocol designed for true horizontal scalability through comprehensive sharding (Network, Transaction, and State). It positions itself as a technology ecosystem for the new internet, encompassing decentralized finance, real-world assets, and the Metaverse.
MultiversX has been on the loser’s side since mid March. The last couple of weeks saw a recovery after a 60% fall in the last three months. However, the bulls could not resume with a recovery this week and they suffered losses.
As of now, MultiversX price was at $35.23 recording a moderate loss of 2.13% a week. However, it may expand if the price continues to suffer. The bulls seemed to be losing momentum this week inviting bears for another sale.
On the higher side, if the price manages to surpass $37.5, it may encourage more buyers to enter the market. However until the price hovers below it, the sellers may make a comeback and re-establish their dominance.
