MultiversX Price EGLD

MultiversX Price Overview

The current MultiversX price is 32.750 €. The price has changed by -0.31% in the past 24 hours on trading volume of 58536535.10 €. The market rank of MultiversX is 123 based on a market capitalization of 904541186.09 €. MultiversX has a circulating supply of 27745202.00 EGLD. The highest recorded MultiversX price is 484.500 €. And the lowest recorded EGLD price is 5.5500 €.

How do MultiversX price movements correlate with market trends? Check our complete cryptocurrency exchange rate page for information at a glance.

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Start date:

3 years ago

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Analysing MultiversX’s price history

Before buying any cryptocurrency, it’s worth doing your homework. That means analyzing the price history to look for recurring patterns and indicators that the price of your investment is more likely to rise than to fall.

Make sure your price prediction for MultiversX matches your long-term and short-term financial goals.

There are countless ways to analyse crypto price performance and make a buying decision. Two of the most commonly used are technical analysis and fundamental analysis.

Technical analysis is valuable in crypto investing even if you don’t have access to years of historical price data in the MultiversX chart. For example, with many cryptos, dramatic price drops and periods of high volatility have been followed by a sustained rise to new highs. There’s no guarantee that the pattern will be sustained in the future, but if it has been consistent in the past, it’s worth considering.

In fundamental analysis, you examine economic, financial, political, and social factors that influence prices. You collect information about interest rates, gross domestic product, manufacturing data, and unemployment rates to make informed predictions about stock prices.

You can consult an expert to tell you how to buy MultiversX. However, it’s fast and easy to buy MultiversX with the Kriptomat app. MultiversX is available for immediate purchase at the current MultiversX price quote of 32.750 €. Current prices are always displayed in the MultiversX chart.

News events are important too, especially economic indicators. Is the national bank raising interest rates? Are fiscal conservatives being elected? Have storms or droughts disrupted agriculture, tourism, and other industries?

Most investors find it best to apply both technical and fundamental analysis techniques when evaluating a purchase or sale.

Factors influencing the Price of MultiversX

Many factors affect the value of MultiversX.

The MultiversX exchange rate sometimes moves with changes in the wider economy. And sometimes crypto moves the opposite direction. For example, many cryptos have made impressive gains despite bank failures and economic uncertainty in international financial markets. This may indicate that investors have turned away from risky banks and turned to crypto, which has delivered historic long-term benefits.

Government regulations have a great impact on the price of MultiversX and other currencies. Tax policies, regulations regarding investments, mining restrictions, government plans for official digital currencies, and other developments can move the crypto market higher or lower.

Newsmakers increasingly influence crypto prices. When a billionaire entrepreneur tweets support for a particular coin or token, the price often goes up. More and more celebrities are promoting cryptos and NFTs to millions of followers on social media. The effects of these endorsements on crypto prices cannot be overstated. Watch for mentions of MultiversX in the news, monitor EGLD on Twitter. Visit the project’s online community at Discord or elsewhere. The better informed you are, the better the decisions you will be empowered to make.

How much is 1 MultiversX worth?

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(Euro)

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(Polish Zloty)

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(Swedish Krona)

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(Turkish Lira)

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Understanding the crypto market dynamics

The crypto market is a highly dynamic and fast-paced environment that rapidly changes. Just as with MultiversX, understanding these dynamics can be pivotal to your investment decisions. An important consideration is market volatility. MultiversX and similar cryptocurrencies have had high price volatility in the past. Sharp price increases and drops can happen within hours, or even minutes. This volatility can present both risks and opportunities for investors interested in EGLD.

MultiversX along with the rest of the crypto market tends to follow Bitcoin’s price moves. This is partly because Bitcoin’s market cap accounts for over a third of the crypto market as a whole. In addition, the competitive landscape within the cryptocurrency market can also affect MultiversX’s price. The entry of new competitors, or the development of more advanced technologies by existing competitors, can pose a risk to MultiversX’s market position.

The impact of global economic events on MultiversX price

The EGLD exchange rate sometimes moves with or in response to changes in the wider economy. Like all crypto, MultiversX can be affected by Government regulations. Tax policies, regulations regarding investments, mining restrictions, government plans for official digital currencies, and other developments can move the MultiversX price higher or lower.

Government policies encouraging the development and use of cryptocurrencies can boost the EGLD exchange rate, while those that restrict or ban crypto can lead to price drops.

Economic instability or crises can lead people to look for alternatives to fiat currency, potentially increasing demand for MultiversX and other cryptocurrencies. On the other hand, strong economic growth can lead to increased crypto investment as individuals and companies look for new profit opportunities.

Investing in cryptocurrencies like MultiversX can be an exciting yet challenging endeavour. As the cryptocurrency landscape continues to evolve, staying informed and understanding the various factors that can impact crypto prices can help you navigate your investment journey with confidence.

Whether you're an experienced investor or just starting, always remember the basic tenets of investing - diversify your investments, only invest what you can afford to lose, and be sure to understand the risks involved before making any investment decisions. Check out our Intelligent Portfolios that automatically adapt to market conditions.

The role of crypto exchanges

Cryptocurrency exchanges play a crucial role in the trading and pricing of cryptocurrencies like MultiversX. They serve as platforms where buyers and sellers meet to trade crypto. The prices of cryptocurrencies are determined by the buying and selling activity within these exchanges

All of these factors influence the MultiversX exchange rate and the exchange rates of other cryptocurrencies – today. They all influence investment decisions in the crypto market, and those decisions determine the market price.

Live MultiversX value and market cap

The live MultiversX exchange rate varies from moment to moment as transactions take place on exchanges all over the world. Given the volatility of cryptocurrencies, prices can rise or fall significantly in a short period.

The market capitalisation of MultiversX is equal to the value of MultiversX multiplied by the number of MultiversX in circulation.

MultiversX Price FAQ