MultiversX (EGLD) leads crypto gainers amid key wallet integration

As a researcher with experience in the cryptocurrency market, I’m excited to see MultiverseX (EGLD) soaring amid the integration with Safepal. With an 11% price increase in just 24 hours, it’s clear that this news has significantly impacted investor sentiment towards EGLD.

As a researcher, I’ve discovered that MultiverseX (EGLD), which is currently ranked among the top 100 cryptocurrencies by market capitalization, has experienced significant price growth in the last 24 hours. Specifically, there’s been an impressive uptick of around 11% following the official announcement of their integration with Safepal.

On Friday, EGLD‘s price surged to $32.93, breaking above its previous low of $27.35. This uptrend occurred despite Bitcoin‘s dip below $54,000, causing most altcoins to mirror the downturn. However, MultiverseX bucked this trend, registering significant gains in the weekly time frame and currently boasting double-digit percentage increases – a stark contrast to other altcoins, which are experiencing double-digit losses over the same period.

MultiverseX soars amid Safepal integration

MultiversX, previously known as Elrond, is a blockchain platform specifically engineered for the metaverse. EGLD serves as the functional currency within this network, facilitating tasks such as staking, executing transactions, and exercising governance.

On Friday, MultverseX revealed that it had connected Safepal, a popular crypto wallet used by over 13 million people worldwide, to its blockchain platform. This development enables Safepal users to interact directly with MultiverseX through their wallets. In addition to the existing mobile and hardware wallet solutions, an upcoming browser extension will be accessible to users as well.

In his blog post, Daniel Serb, the head of business development at Multiverse, explained that the latest integration provides three levels for exchanging value using EGLD. This process is secured by a cold storage solution that currently safeguards over $20 billion in crypto assets. Additionally, the SafePal mobile application introduces a new user-friendly interface for engaging with the MultiversX ecosystem on the go.

As a researcher studying the developments within the Serenity blockchain ecosystem, I can confirm that EGLD, the native token of this platform, is witnessing an increasing number of applications. This expansion in use cases becomes even more advantageous for users with the introduction of the wallet browser extension. This extension enables users to fully harness the potential of the EGLD token by integrating its functionalities directly into their web browsers.

Despite the positive vibes from recent news reports, the Elrond (EGLD) token has dropped by 16% during the last month. Additionally, it has faced difficulties since hitting its record high back in November 2021.

Over 200 countries around the world can access SafePal’s offerings, which span across over a hundred different blockchains. The versatile platform caters to various cryptocurrencies and NFTs, providing features such as trading, cross-chain exchanges, and yield generation tools.

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2024-07-05 18:58