Historically, MultiversX (Elrond) (EGLD)'s price has influenced broader crypto market movements. Over the past 24 hours, EGLD has declined by 1.09%.
What Is MultiversX (Elrond)?
Decentralization, scalability, and security are foundational pillars attracting investors to cryptocurrencies. MultiversX (formerly Elrond) addresses these by offering a high-speed, secure, and decentralized blockchain platform. Co-founded by Beniamin and Lucian Mincu, MultiversX leverages adaptive state sharding and a WebAssembly-based virtual machine to achieve linear scalability.
👉 Discover how MultiversX revolutionizes blockchain efficiency
EGLD Price Analysis
2019–2020: Early Developments
- Private Investment: Raised $1.9M in 2019, selling ERD tokens at $0.50 each.
- Mainnet Launch (2020): Converted ERD to EGLD (1000:1 ratio), with prices stabilizing at $10–$12.
2021: Bullish Surge
- All-Time High: EGLD peaked at $545 in November 2021, fueled by market-wide bullish trends.
2022: Market Downturn
- Price Drop: EGLD fell to $44 by year-end, ranking 39th by market cap.
How MultiversX Works
- Adaptive State Sharding: Parallel processing enhances throughput (15,000 TPS).
- Secure PoS: Energy-efficient consensus without mining.
- dApp Support: Enables smart contracts and token creation via WASM-based VM.
Key Events
- 2018: Prototype achieved 1,000 TPS on AWS.
- 2022 Rebrand: Transitioned to MultiversX, focusing on metaverse integration.
FAQs
Q: Can EGLD be mined?
A: No—MultiversX uses Secure PoS, eliminating mining.
Q: What’s EGLD’s max supply?
A: 31,415,926 tokens (first eight digits of π).
Q: Why did Elrond rebrand?
A: To align with metaverse development and broader Web3 goals.
👉 Explore MultiversX’s latest innovations
Conclusion
MultiversX (EGLD) remains a compelling altcoin with robust technology and historical volatility. Its focus on scalability and metaverse applications positions it uniquely in the crypto ecosystem.
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