$EGLD $SOL $AVAX
EGLD is the coin of the MultiversX blockchain. In Sep and Oct it was priced higher than SOL, but it’s lagged way behind this cycle. I consider it highly undervalued. With SOL reaching new ATHs today for this cycle, reaching $200, I wanted to share what the price EGLD would be if it were at the same market cap as SOL with SOL hitting $200 and EGLD around $65.
EGLD would be $3,356
EGLD doesn’t have a native stable coin yet but they have one coming through soon via $Hatom protocol called $USH. Also $TAO is going to be briefed to this DeFi site.
Also, AshSwap recently launched AshPerp which allows DeFi leveraged perpetual futures contracts.
These and other developments will draw liquidity do the MvX ecosystem and it’s likely to eventually soar and catch up with SOL in price.
Remember, while SOL is soaring, take profits and diversity. You don’t want to ride the crypto wave back down and end up with a huge bag of coins you wished you would have sold earlier.
Look for undervalued coins with great fundamentals that have the foundation and tech necessary to enable mass adoption by people who no nothing about crypto. I believe the MvX is one that has that foundation and also it has a great wallet to help onboard people with xPortal.
I am Long $EGLD and many other coins. I will sell and take profits as it rises.
My min target this cycle is $250 and high target is $1,500. Its ATH last cycle was around $550.
You can get 7% APY staking it in the MvX wallet and even more at various DeFi sites.
If you’re considering buying EGLD I hope this helps. It’s one of many good coins out there and it’s time will come when profits rotate into other coins.
