MultiversX has been in a bearish trend since late 2021. but I think the bearish trend ended after the price passed the red supply zone in early 2024.
If the counting is accurate and the volume of EGLD/USDT increases I expect it to see a new all time high in the future.
On the low time frames I see a golden opportunity to enter it @ $30 with a stoploss below $21 (the bottom of the wave 1).
The EGLD's Market Cap and the EGLD/BTC charts look very bullish too in my opinion so if you're interested in this coin & have done your research, you should consider it as a part of your portfolio.
About the coin:
MultiversX is a blockchain protocol that offers true horizontal scalability by using all aspects of sharding (Network, Transaction & State). The project describes itself as a technology ecosystem for the new internet, which includes decentralized finance, real world assets and the Metaverse. Its smart contracts execution platform is reportedly capable of up to 100,000 transactions per second, 6-second latency and a $0.002 transaction cost.
If the counting is accurate and the volume of EGLD/USDT increases I expect it to see a new all time high in the future.
On the low time frames I see a golden opportunity to enter it @ $30 with a stoploss below $21 (the bottom of the wave 1).
The EGLD's Market Cap and the EGLD/BTC charts look very bullish too in my opinion so if you're interested in this coin & have done your research, you should consider it as a part of your portfolio.
About the coin:
MultiversX is a blockchain protocol that offers true horizontal scalability by using all aspects of sharding (Network, Transaction & State). The project describes itself as a technology ecosystem for the new internet, which includes decentralized finance, real world assets and the Metaverse. Its smart contracts execution platform is reportedly capable of up to 100,000 transactions per second, 6-second latency and a $0.002 transaction cost.
