▶️MultiversX (EGLD): Elite performance with a high entry threshold
Market capitalization: $487 million.
💎MultiversX (formerly Elrond) is a high-performance level 1️⃣ blockchain known for its adaptive state sharding and lightning-fast transaction speeds. Since the mainnet launch in 2020, the project has evolved into a developer-friendly hub for scalable smart contracts.
What is happening now? 🤔
🗣Despite the cutting-edge technology, EGLD has a high entry threshold.
🗣 Setting up wallets, interacting with applications, and staking requires knowledge and patience.
🗣 Adoption of the platform is still largely developer-oriented.
Deal benchmarks: 💵
📈 Break above $20.00 – the path to $22.40 is open.
📉 Drop below $16.00 – risk of a decline to $13.50.
Conclusion: MultiversX outperforms competitors in performance but struggles to attract the mass user due to its complexity. In the long term, the project remains promising, but the current market dynamics require caution.
