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MultiversX EGLD

MultiversX Price (EGLD)
$33.02
5.27% Buy EGLD Now

0.0095 ETH

0.0005 BTC

Buy EGLD Now
Low: $32.99
High: $34.99
24h
Market Cap
$893,631,607
5.27%
Fully Diluted Market Cap
$1,037,495,744
5.27%
Volume
24h
$17,213,160
11.45%
Volume / Market Cap
0.0193
Circulating Supply
27,059,643 EGLD
86.13%
Max Supply
31,415,926
Total Supply
27,064,795

MultiversX (EGLD) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

0.14%

Joined at Apr 19, 2018

Following

356

0.28%

Tweet count

5,433

0.46%

MultiversX reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official MultiversX (EGLD) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆 Submit Now

MultiversX telegram
Telegram Stats
Visit Telegram

Members

0.77%

Title

Elrond Network - Community

MultiversX traffic
Website Traffic
Visit Website

Website Rating (DR)

72 / 100

0.00%

Ahrefs Rank

75,720

3.48%

Organic Traffic (mo.)

10,588

12.11%

MultiversX github
GitHub Organization
Visit GitHub

Public repos

Created at Sep 21, 2022

Type

Organization

MultiversX github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official MultiversX (EGLD) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆 Submit Now

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 576,387


Live EGLD Price Analysis

The current real time MultiversX price is $33.02, and its trading volume is $17,213,160 in the last 24 hours. EGLD price has plummeted by 5.27% in the last day, and decreased by 15.37% in the last 7 days. It’s important to note that current MultiversX market capitalization is $893,631,607, and the maximum supply is 31,415,926 EGLD coins. Talking about circulating supply, EGLD has 27,059,643 coins. Currently, MultiversX rank on the market is #80.

MultiversX price today is 93.91% below all time high, and it is 404.68% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling EGLD are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What is MultiversX (EGLD)?

EGLD, also known as eGold, is the native token of the MultiversX blockchain (previously known as Elrond). If you're interested to learn more about its market performance, check out the EGLD price chart above. MultiversX combines concepts like the Internet of Things (IoT), decentralized finance (DeFi), and FinTech into one network. The MultiversX crypto project aims to offer fast transaction speeds for optimal costs. Considering the statistics, MultiversX offers:

  • Up to 15,000 transactions per second (TPS)
  • Around 6-second latency
  • $0.001 transaction fee

MultiversX developed the Elrond Virtual Machine to enable limitless connectivity between various external services. This solution is an effective tool for people who want to use network services to reduce their energy and computing needs.

Overall, MultiversX blockchain aims to strengthen its ecosystem and establish EGLD as a store-of-value asset. To accomplish that, the network employs sharding. Sharding is a scalability technique that divides blockchain into chunks called shards. These shards can be assessed simultaneously.

MultiversX validator nodes are distributed across four shards. Three out of four shards are execution shards, which are able to process up to 16,200 TPS combined. The remaining shard is called Metachain, and it's responsible for coordination. Overall, MultiversX uses 2,169 validator nodes. This technique is the reason why Elrond manages to complete a large number of transactions quickly.

State, transactions, and the whole network of MultiversX are all fully sharded using its adaptive state sharding architecture. Besides, when the throughput need is not satisfied, the network can scale by adding extra shards.

Additionally, to drive the adoption of MultiversX, the project encourages developers to build on the platform by providing them with a chance to receive 30% of the fees collected from smart contracts as royalties.

Who Founded MultiversX?

The MultiversX crypto project was founded by two brothers, Beniamin and Lucian Mincu, together with Lucian Todea.

As a previous founder and CEO of the software review and download website Soft32 and a partner of the mobile payment app mobilPay, Lucian Todea is an experienced tech entrepreneur.

Before founding MultiversX, Beniamin Mincu also worked with a blockchain platform called NEM and invested in projects like Binance, Brave, ad Tezos. Alongside his brother, Beniamin also founded MetaChain Capital and ICO Market Data.

Apart from co-founding the aforementioned projects, Lucian Mincu worked with such projects as Uhrenwerk 24, Cetto, and Liebl Systems, where he gained experience in information technology engineering and security.

The company's key actors also include Felix Crisan (Head of Research), who is the CTO and co-founder of Netopia, as well as Adrian Dobrita (Head of Engineering), who created software for such companies as Samsung, Intel, and Continental.

The team began working on MultiversX (then Elrond) in August 2019. The official launch took place nearly a year later, in July 2020. at the time of the release, the EGLD price was around $13.

How Does the MultiversX Blockchain Work?

MultiversX employs a Secure Proof-of-Stake (SPoS) consensus mechanism. 

To take part in the SPoS validation process, nodes must stake their EGLD tokens. Validators are chosen at random depending on the results of the preceding validation round. This means that the validators cannot be predicted or changed.

The selection process is also affected by the validator's rating score, which is assigned based on their previous performance. The MultiversX price value of their staked assets does not play a key role in their chances to become validators, although it may serve as proof of active blockchain participation.

A validator will not be chosen and can be penalized if their rating drops too low. Also, if validators consistently act in a way that compromises the integrity of the network, they can potentially be kicked off the network and have their stake reduced. To avoid collusion, validators are switched between shards on a regular basis.

Additionally, note that users can also become Observer nodes. These are the nodes that have no stake in the network. They connect to the network and transmit information; however, they don't participate in transaction processing and don't receive rewards as a result.

The Purpose of EGLD Coins

EGLD is the engine that powers the entire MultiversX network. It has more than one use case, including:

  • Paying network fees. EGLD coins are used to pay for any fees that occur in the MultiversX network.
  • Staking. EGLD coins can be staked to secure the network and earn rewards.
  • Rewarding validators. The validators of the SPoS consensus mechanism are rewarded in EGLD coins for their work.
  • Governance. The holders of EGLD coins can participate in the network's decision-making processes.

Tokenomics of EGLD Coins

The max supply of EGLD coins is 31,415,926. However, it will probably decrease as the number of processed transactions increases. The initial supply of EGLD was 20 million tokens. However, it keeps increasing as new EGLD tokens are minted. Consider examining MultiversX price charts if you intend to buy EGLD coins.

During the first private sale of EGLD, 19% of its initial supply was sold. The public was able to access an additional 7.5% once the tokens were created, while another 15.41% was made available in three-month intervals. Besides that, 25% of the EGLD supply was also sold during an initial exchange offering (IEO) on Binance.

The remaining 56% of the initial supply was distributed for ecosystem rewards, marketing, grants, an accelerator pool for dApp developers, advisors, MultiversX's founders, core team members, the community fund, and ecosystem support. Since the maximum supply is limited, the MultiversX price is expected to increase over time.

EGLD tokens were initially issued as ERD tokens on the Binance Chain based on the BEP-2 token standard. At that time, 20 billion tokens were issued. However, after burning 500 million from this supply, they were minted on Ethereum as ERC-20 tokens. Besides, the platform launched a swap specifically for swapping BEP-2-based tokens for ERC-20-based tokens. This way, EGLD (then ERD) supply was reduced from 20 billion to 20 million.

MultiversX coins can be bought on major cryptocurrency exchanges. Bear in mind that the asset is considered volatile due to frequent changes in the market. The EGLD price has been influenced by the fluctuations of the broader crypto market.

Elrond Rebrand to MultiversX

In November 2022, it was announced about Elrond's rebrand to MultiversX. The main reason for this rebrand was the fact that the network shifted its focus to the metaverse. Together with the rebrand, three new projects were introduced – xFabric, xPortal, and xWorlds. xFabric is a deployable blockchain module and a core for blockchain applications. xPortal is a portal to the Metaverse. xWorlds is a network of interoperable metaverses that also allows to create new ones.

Apart from the newly launched tools, the MultiversX crypto project will still continue working on the fundamentals developed under the name of the Elrond Network.

What's MultiversX trading volume in the last 24 hours?

EGLD has a trading volume of $17,213,160 in the last 24 hours.

What's MultiversX highest price ever?

EGLD has a highest price of $542.58, which was reached on Nov 23, 2021 (2 years 6 months ago).

What's MultiversX lowest price ever?

EGLD has a lowest price of $6.54, which was reached on Oct 07, 2020 (3 years 8 months ago).

What are the best exchanges for buying and selling EGLD?

Currently, the most active and dominating exchanges for buying and selling MultiversX are Binance, Kraken & Kucoin. The most popular MultiversX trading pairs are EGLD/USDT (on Binance ), EGLD/USDT (on Huobi Global ), EGLD/USDT (on WhiteBIT ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping EGLD?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping MultiversX. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

MultiversX project's Circulating Supply has been verified and is equal to:

Circulating Supply

27,059,643 EGLD

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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