Besides the current price and its 24-hour development, we included the most relevant technical indicators, such as Relative Strength Index (RSI), Moving Average Convergence/Divergence (MACD), Oscillators, and SMA.
MultiversX (EGLD) Indicators
Evaluate the strength and potential of using our table of key technical indicators, including MACD, RSI, SMA, Oscillator, and ADX. These indicators provide in-depth market analysis, helping you to strategize your next move.”
MACD Bearish RSI Neutral Ultimate Oscillator Bullish ADX Strong Short Term Trend Downtrend Mid-Term Trend Downtrend Long-Term Trend Downtrend
MultiversX (EGLD) Forex Values
Monitor the value of across key global currencies. Our table includes data in EUR, GBP, JPY, CNY, CAD, and INR, offering a wide-lens view of the international crypto market.
20.97 194.91 3,913.89 36.25 2,223.45
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About MultiversX (EGLD)
Elrond’s sharding architecture divides the network into smaller partitions called shards, allowing for parallel processing of transactions and smart contracts. This approach significantly increases the network’s throughput and capacity, enabling it to handle many transactions per second.
The SPoS consensus mechanism combines the benefits of proof of stake (PoS) and Byzantine fault tolerance (BFT) algorithms. It ensures fast block confirmation times, high security, and resistance against malicious activities. Validators in the Elrond network are elected based on their stake and reputation, and they play a crucial role in maintaining the network’s security and validating transactions.
The native cryptocurrency of the Elrond network is EGLD. It serves as a utility token within the ecosystem, facilitating transactions, participating in network governance, and providing incentives to validators and stalkers. EGLD holders can participate in staking their tokens to secure the network and earn rewards.
Elrond is designed to support various decentralized applications and enterprise use cases. Its platform offers smart contract capabilities, allowing developers to build and deploy their applications in a secure and scalable environment. Elrond also provides tools and frameworks to simplify the development process and foster innovation within its ecosystem.
The Elrond network has gained attention for its focus on performance and scalability. Its high transaction throughput and low latency make it suitable for applications that require fast and efficient transaction processing, such as decentralized finance (DeFi), supply chain management, and Internet of Things (IoT) applications.
Elrond has formed strategic partnerships and collaborations with leading companies and institutions across multiple industries. These partnerships aim to leverage Elrond’s technology and capabilities to drive adoption and explore real-world use cases. Additionally, Elrond is actively engaged in community-building efforts, organizing events, hackathons, and educational programs to promote awareness and participation in its ecosystem.
Elrond (EGLD) is a decentralized blockchain platform that utilizes a sharding architecture and the SPoS consensus mechanism to provide fast, secure, and scalable solutions for building decentralized applications. With its focus on performance, scalability, and enterprise-grade features, Elrond aims to unlock the potential of blockchain technology for various industries and foster the growth of decentralized applications and innovative use cases.
