X Number of people following @MultiversX Network : 581,000
Long term holding: one star★
Growth potential: two stars★★
MultiversX (formerly Elrond) is a high-throughput public blockchain focused on delivering security, efficiency, scalability and interoperability by employing two key elements: adaptive state sharding and new security benefits Proof of Stake (“SPoS”) consensus mechanism.
Elrond is a decentralized blockchain network. As a blockchain that supports sharding, Elrond aims to improve scalability and reduce transaction fees.
The underlying protocol of Elrond blockchain technology consists of smart contract programming. Developers can develop on Elrond using Rust, C and C++ languages.
Elrond’s native cryptocurrency is MultiversX (EGLD), a token that can be used to pay for low transaction fees and to reward validators on its blockchain network.
Network validator nodes are responsible for actively maintaining the security of the Elrond network, verifying network transactions, and minting new EGLD.
Supply: 25.6863 million
Circulation volume: 25.6863 million
Circulation rate: 100%
Circulation market capitalization: $1.576 billion
There is nothing special about the project itself. The advantage that can be seen intuitively is that the underlying protocol is relatively friendly to traditional developers and does not require learning more languages.
I didn’t see any special information on the official website of the project, which rules out the value reference from the fundamentals; more can be seen from the technical aspects.
Technically, price fluctuations are relatively regular, and most currencies with a circulation rate of 100% adhere to technical indicators.
The band is still okay, I don’t recommend expecting more.
Currency: #EGLD
Type: medium and long term
Buy point 1:48
Buy point 2:36
Buy point 3:29
Selling point 1: 65
Selling point 2:100
Selling point 3:126
