How to Buy MultiversX (EGLD)

While the volatile nature of the crypto market makes it impossible to provide a reliable EGLD price prediction, the following factors could help you understand the price action in MultiversX crypto:

Level of Adoption of EGLD Crypto

Wider adoption of EGLD in real-world applications and as a means of payment can boost the price of MultiversX crypto. Partnerships and integrations with businesses and platforms contribute to adoption, supporting the EGLD to USD price.

Future Developments in the MultiversX Roadmap

Achieving technical milestones, protocol upgrades, and improvements in the project can positively influence the MultiversX price.

Investor Sentiment Toward Cryptos

Investor sentiment and perception of the project can significantly impact the EGLD price. Positive news, partnerships, and developments can drive the eGold price up, while negative news can lead to declines in the MultiversX coin price.

eGold (EGLD) is the native cryptocurrency of the MultversX network and has the following use cases:

Native Currency of MultiversX Blockchain

EGLD is used for making transactions within the MultiversX network. It acts as a medium of exchange for value transfer, enabling users to send and receive funds.

Staking EGLD

EGLD can be staked to secure the network and earn rewards. Stakers lock up their tokens to support the blockchain's operations and, in return, receive staking rewards.

Execute Smart Contracts

The token can be utilized in executing smart contracts and dApps within the MultiversX ecosystem.

Governance

EGLD holders may participate in the governance of the MultiversX network. They can vote on proposals and decisions that affect the platform's development and future direction.

Store of Value

EGLD also serves as a store of value, allowing users to hold and preserve their assets in the form of cryptocurrency.

Trade or HODL EGLD

Trade MultiversX coin against other cryptos on the KuCoin Spot Market to profit from changing market conditions and volatility. Buy or sell EGLD or hold it long-term if you believe in the future potential of the MultiversX project. Remember to DYOR before entering any new trade in the crypto market.

Staking EGLD on MultiversX can be done through various methods, including Ledger Live and Trust Wallet. Here's a general overview of how to stake EGLD on MultiversX:

Using Ledger Live

1. Ensure you have EGLD tokens in your Ledger wallet. You can buy EGLD on KuCoin and transfer the tokens to your Ledger wallet.

2. Stake EGLD on MultiversX by connecting your Ledger wallet to the platform. Detailed instructions can be found on the Ledger website.

Using Trust Wallet

1. Open your Trust Wallet.

2. Add EGLD tokens to your wallet if you haven't already by buying MultiversX tokens on KuCoin.

3. Search for "Elrond eGLD" within the Trust Wallet.

4. Follow the staking instructions in your Trust Wallet to stake your EGLD on MultiversX.

Elrond and MultiversX represent the same blockchain project but underwent a rebranding and shift in focus. Here are the key differences between the two:

Rebranding: Elrond vs. MultiversX

Elrond was the original name of the blockchain project, and it gained recognition for its innovative technology. However, in November 2022, Elrond rebranded itself as MultiversX to signify a strategic shift towards the metaverse and other innovative applications in the blockchain space.

Shifting Focus to Metaverse

Elrond initially focused on providing a high-performance blockchain infrastructure. In contrast, MultiversX emerged with an emphasis on exploring the potential of the metaverse and extending its capabilities to support this new digital frontier.

Technological Evolution

Despite the rebranding, the fundamental technology and innovations developed during the Elrond phase continue to form the core of MultiversX. This includes features like Adaptive State Sharding for faster and cheaper transactions.

While Elrond laid the technological foundation, MultiversX's rebranding reflects its commitment to exploring the possibilities of the metaverse and evolving within the crypto space.