Mathisen Marketing

Your Marketing Blog

EGLD investors may finally get a win, is Elrond’s latest development the reason 

EGLD investors may finally get a win, is Elrond’s latest development the reason 

As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Elrond [EGLD] recently took on its “new internet” blockchain mission by securing a partnership with Opera. Daniel SerbElrond’s Director of Business Development, published a opinion are related to the same. He noted that the collaboration was a move aimed at giving users of the cross-platform browser access to its blockchain and decentralized applications (DApps).

Additionally, the partnership would allow Opera to integrate a non-custodial wallet through the EGLD chain. Interestingly enough, Elrond became the ninth blockchain added by Opera. You like Polygon [MATIC]and Solana [SOL] had previously joined the crew.

Elrond, 91.22% below its all-time high (ATH), appeared to be reacting positively to the development. Based on the data CoinMarketCapEGLD had gained 3.48% since the news broke.

Is it finally time to win?

While the price increase may be positive for investors, all was not entirely well with EDLG. The aforementioned price tracking platform showed that EGLD’s 24-hour trading volume had fallen by 28.26%.

On the list, investors’ faith in EGLD did not seem strong enough. Based on Chaik’s Money Flow (CMF), EGLD was at a low level of -0.08. This indicated that investors had tried to pump large sums into the EGLD ecosystem.

Source: TradingView

Unlike the CMF, the Moving Average Convergence Divergence (MACD) showed that the EGLD could maintain the current bullish features. According to MACD signals, the strength of buyers (blue) was much more than that of sellers (orange). Hence, the MACD was on the positive side at 0.18.

Furthermore, these opposite signs could mean that EGLD’s current stance could go either way. As for the exponential moving average (EMA), short-term and long-term predictions were mixed. Based on the 4-hour chart, the 50-day EMA maintained its position above the 20-day EMA. Therefore, the recent rise may be short-lived.

Investors waiting longer term can enjoy patience. This is because the 200 EMA was firmly above both the 20 EMA and the 50 EMA.

Chain gauges

Going into the chain, Elrond seemed to heal. By Holy, EGLD’s volume had increased from 33.95 million on September 21 to 42.91 million at press time. Similarly, its NFT activity has been relatively impressive recently. While the total volume of NFT was only $185,000 on September 21st, it was worth $612,000 at press time.

Source: Santiment



Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Source link

Leave a Reply

Your email address will not be published.

Latest Posts

  • Crypto Lender Nexo Acquires Stake in US Chartered Bank

    Crypto Lender Nexo Acquires Stake in US Chartered Bank

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase Leading cryptocurrency lender Nexo has acquired a stake in Hulett Bancorp (DBA Mode Eleven) and its subsidiary, Summit National Bank, a federally chartered bank regulated by the US Securities and Exchange Commission. Thanks to the deal, the crypto lender, which […]

    Read More

  • Maple Finance CEO: Separating risk from lending saved DeFi from market crash

    Maple Finance CEO: Separating risk from lending saved DeFi from market crash

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase Maple Finance founder and CEO Sid Powell says transparency has been the savior of decentralized finance (DeFi) amid a prolonged crypto market slump. Speaking to Cointelegraph on the sidelines of the Converge22 conference in San Francisco, Powell noted that throughout […]

    Read More

  • STEPN (GMT) Holds Gains While Many Top Coins Taste Declines

    STEPN (GMT) Holds Gains While Many Top Coins Taste Declines

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase The price of GMT has been on a strong rise over the past seven days despite the rise of other major coins. It experienced a 13% gain over 7 days and a 24-hour gain of 0.53% this morning. At the […]

    Read More