Main Points Related to Bitcoin, web3, Ethereum, and Cryptocurrency:
- MultiverseX (EGLD) is the top gaining cryptocurrency among the top 100 coins by market in the past 24 hours, with a price increase of 11% after integrating with Safepal.
- EGLD price rose to $32.93 on Friday, rebounding from lows of $27.35 amid Bitcoin’s market crash.
- MultiverseX, formerly Elrond, is a blockchain network focused on the metaverse, with EGLD as its utility token for staking and transactions.
- The integration of Safepal with MultiverseX provides users with direct access to the ecosystem, including a browser extension and cold storage solution for EGLD.
- Despite the positive news, EGLD remains down 16% over the past month and has struggled since reaching its all-time high in November 2021.
- SafePal’s services are available in over 200 countries and support a wide range of crypto assets, NFTs, trading, swapping, and yield tools.
MultiverseX: Powering The Metaverse
MultiverseX, previously known as Elrond, is a blockchain platform tailored for the metaverse, with EGLD serving as the utility token driving its ecosystem for staking, transactions, and governance.
Safepal Integration Boosts MultiverseX
The recent integration of Safepal with MultiverseX has provided users with seamless access to the platform, offering a cold storage solution for over $20 billion worth of crypto assets, along with a mobile app interface for on-the-go interactions.
Expanding Use Cases for EGLD
With expanded use cases and the upcoming wallet browser extension, EGLD users can maximize the utility of the token within the MultiverseX ecosystem, despite recent price fluctuations and challenges.
