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TürkçeMultiversX Information
MultiversX is a blockchain platform designed to offer high-speed and secure transactions, aiming to scale and accommodate a high volume of users efficiently. It focuses on providing a user-friendly experience for developers and businesses, incorporating smart contracts and decentralized applications to enhance its ecosystem. MultiversX strives to differentiate itself by addressing the scalability and usability challenges commonly faced by other blockchain technologies.
Introduction to MultiversX (EGLD)
MultiversX, better known by its symbol EGLD, is a thriving cryptocurrency that has garnered attention due to its unique attributes and promising potential. Launched as part of the Elrond network, it has positioned itself as a scalable and secure blockchain platform designed to handle high throughput applications.
Past Performance of MultiversX
Since its inception, MultiversX has undergone a significant price journey, witnessing peaks and troughs in line with overall market trends. The coin reached an all-time high (ATH) of $545.64 on November 23, 2021, showcasing its potential during bullish market cycles. However, like many other cryptocurrencies, EGLD faced considerable corrections, leading to a substantial decrease, with a price change of -95.23% from its ATH.
Before reaching its zenith, the coin also experienced its all-time low (ATL) at $6.51 on October 7, 2020. Remarkably, the current price indicates a substantial increase of 299.73% from this low, underscoring its capacity for recovery and growth.
Advantages of MultiversX
The primary advantage of MultiversX is its highly scalable architecture. The network's Adaptive State Sharding technology allows parallel processing of transactions, significantly enhancing throughput and efficiency. This innovation helps in achieving high transaction per second (TPS) rates, making it well-suited for a variety of applications beyond simple peer-to-peer transfers.
MultiversX also employs a secure proof of stake (SPoS) consensus mechanism, which not only provides robust security against attacks but also ensures the network's environmental sustainability. By minimizing the energy consumption typically associated with proof of work mechanisms, EGLD appeals to environmentally-conscious investors and developers.
Disadvantages of MultiversX
Nevertheless, the coin isn't without its drawbacks. MultiversX, like many blockchain projects, faces challenges in terms of adoption and real-world use cases. While technologically sound, the platform must continue to attract developers to build on its infrastructure to sustain its relevance.
Another disadvantage is market volatility. As evidenced by its significant price fluctuations, EGLD remains vulnerable to broader market sentiments and economic factors, which can affect its valuation unpredictably.
Future Outlook for MultiversX
Looking ahead, the future of MultiversX seems promising. Its strong technical foundation positions it well in the competitive world of blockchain, particularly in areas requiring high-speed data processing and transaction capabilities. The network's roadmap includes further developments and partnerships which may enhance its utility and adoption.
Moreover, the crypto market's maturity might see increased institutional interest in platforms like MultiversX, which deliver scalability and speed. While speculative, these factors could contribute to upward price trends, should they materialize effectively.
Conclusion
MultiversX stands as a formidable contender in the world of cryptocurrencies, backed by solid technology and a vision for scalable blockchain solutions. Its past performance reflects the broader crypto market's volatility but also indicates a substantial growth potential. Investors and enthusiasts looking at EGLD must weigh its innovative advantages against the backdrop of market risks and adoption hurdles. As the blockchain ecosystem continues to evolve, MultiversX may play a pivotal role in shaping the future of digital financial infrastructure.
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from price
$32
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General Information |
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Title
MultiversX
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Symbol
egld
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Whitepaper
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Website
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Community
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Last Updated
2025-01-21 23:51
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Price Data |
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Current Price $
32.17
$
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High 24h
33.11
$
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Low 24h
30.28
$
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Price Change 24h
0.700729
$
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Price Change % 24h
2.22677
%
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Market Data |
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Market Cap
896468191
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Total Volume
60711626
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Market Cap Change 24h
12161500
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Market Cap Change % 24h
1.37526
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
27847304
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Total Supply
27847304
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Max Supply
31415926
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Historical Data |
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All Time High (ATH)
545.64
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ATH Change %
-94.09774
%
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ATH Date
2021-11-23 10:33
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All Time Low (ATL)
6.51
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ATL Change %
394.95541
%
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ATL Date
2020-10-07 01:44
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