In the past 24 hours, MultiversX (EGLD) has been the best-performing major cryptocurrency. Its value went up 11% after Safepal, a well-known cryptocurrency wallet site, revealed a big integration.
The value of EGLD, which is the currency of MultiversX (formerly Elrond), went up from about $27.35 to $32.93 on Friday. The general trend of the market was for many altcoins to drop after Bitcoin’s price dropped below $54,000 earlier in the day. This price rise is very different from that. As well, MultiversX has been going up by double digits over the past week. This is different from most other altcoins, which were going down during that time.
Integration Boost: MultiversX (EGLD) Sees 11% Surge with Safepal
EGLD is used for many ecosystem tasks, such as staking, transactions, and governance, in MultiversX, which is a blockchain network for the metaverse. The integration with Safepal, which was revealed on Friday, is a big step forward because it makes EGLD available to Safepal’s over 13 million users around the world.
It gives people more ways to trade value using EGLD, says Daniel Serb, who is in charge of business growth at MultiversX. Safepal’s strong cold storage solutions keep more than $20 billion worth of coins safe. this is how it works. The Safepal mobile app is also built in, which makes it easy for users to talk to the MultiversX ecosystem. People will be able to get a computer app soon that will try to make things even more useful and fun for them.
The EGLD market got a boost from the news of the merger, but it’s been having a rough time lately. In the past month, it has dropped 16%. Since its peak in November 2021, it has been having a tough time.
SafePal can be used in more than 200 countries and with more than 100 different blockchains. It does many things, like handling assets, helping NFTs, trading, cross-chain swapping, and making yield tools. One of the best things about EGLD is that its many features make it easy for people all over the world to access and control.
