MultiversX

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A post on #EGLD

What you see below is the daily chart of EGLD ✍️

As you can see the white diagonal trendline, which acted as resistance, has now been broken.

It is also seen that a daily candle is also retested as support.

What I expect is a lateral continuation awaiting a further bullish leg.

I would be amazed if we had to get back into the channel below.

1 Year Overview for $EGLD

Since exactly 1 year ago we've grown to

📈473,349 new wallets [24%]
📈2,933,341 more EGLD staked [+20%]

Growth in the MultiversX ecosystem has been consistent & the on-chain data doesn't lie.

🎯𝐅𝐮𝐧 𝐅𝐚𝐜𝐭: $EGLD total wallets continue climbing non-stop all throughout the bear market

Regardless of price we can see that the MultiversX community keeps growing nicely without any pauses in between

Just imagine the growth once its time for the bulls🐂

It would seem that on the monthly basis, #Bitcoin    's dominance was rejected by 53%.

This is the reason for this little altseason that we have seen.

What do you think will happen now?

$BTC - $ETH

Nice price action of #EGLD
Stochastic on reset, RSI on support.
Next target for me is $70.
Pamp it!

#MultiversX is leading the next wave of interoperability.

We are collaborating with @Injective_ on enabling a portion of the $INJ token supply to function as an ESDT.

With plans to include it in ecosystem products such as xExchange.

2/ Bridging will be possible via @axelarnetwork's interoperability layer, once the integration with our network is completed.

Consequently, $EGLD and #MultiversX assets are set to benefit as well, becoming usable in Injective-based DeFi protocols.

3/ This new cross-chain initiative has been announced by @bangjelkoski, Tech Lead at @InjectiveLabs, on the Innovation Stage of xDay2023.

With it, we aim to accelerate integrations between the two rapidly expanding ecosystems and increase DeFi participation.

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