Fri, November 22

MultiversX (EGLD) Awarded as Top Gainers of the Day With Massive Surge

Jine Angel

Published on Apr 27, 2023 at 4:41 PM Updated on Apr 29, 2023 at 11:41 AM

MultiversX (EGLD) emerged as the top gainer on the day.
The EGLD price soared more than 22%.

To earn higher returns during the next bull run, investors in the cryptocurrency market are gradually moving toward mid-cap investment options. Thus, “MultiversX (EGLD) is this week’s top-performing cryptocurrency,” ranking 44th overall in the crypto space, according to data from CoinMarketCap.

The native currency of MultiversX, EGLD, is currently showing an inverted head and shoulders pattern on a daily time zone. Bulls have been accumulating EGLD coins since this week, responding to the signal of a bullish pattern. As a result, “EGLD emerged as the top gainer on the day,” as per CoinMarketCap.

MultiversX’s price surged more than 22% overnight, reaching a high of $49.47. At the time of writing, EGLD traded at $45.55 with a market cap of $1.15 billion. In addition, MultiversX’s 24-hour trading volume climbed over 780% to reach $216 million.

*MultiversX (EGLD) Price Chart (Source:* *CoinMarketCap*)

This spike in EGLD’s trading volume drove a positive effect on the altcoin’s price. Also, the cryptocurrency performed similarly to the two industry heavyweights, Bitcoin (BTC) and Ethereum (ETH). When compared with BTC and ETH, EGLD was up 12% against BTC and 14% against ETH.

Jine Angel

A Professional HR with a huge interest in blockchain technology and cryptocurrency. Through her content writing skills, she became a passionate contributor to the crypto space. Being an active crypto enthusiast she is investing her time and experience into the digital sphere.