Insights Pulse Insights

Jun 8

$EGLD: MultiversX development activity surges despite poor price action 8-06-24, 14:49

It's impressive how development activity has grown for MultiversX (formerly Elrond) despite a poor price action, which is worth sharing.

MultiversX (EGLD) developments activity (7 days) and volume. Source: Santiment / Vini Barbosa (@vinibarbosabr)

The 7-day development activity surged 46% year-to-date from 1097 to 1605, while the price ($34.96) re-visited 7-month lows. The chain has also taken first place in the gaming category, ordered by the 30-day development activity, according to data from Santiment.

Moreover, EGLD has one of the lowest MCap/TVL ratios (7.54) among other Layer-1 blockchains, which suggests it has a low capitalization ($1 billion) in comparison to the total value locked ($125 million) in its DeFi ecosystem.

Top 37 to 41 chains by total value locked. Source: DefiLlama / Vini Barbosa

Follow me on 𝕏 @vinibarbosabr

May 8

Jan 8

Altcoins to Watch Right NOW, Whether You are Leaning Bullish or Bearish! 8-01-24, 21:50

📊 According to the Relative Strength Index, a TA momentum oscillator, here are the 3 most #bullish & #bearish divergences among top 150 #altcoins.

🐂 $EGLD 22.7 RSI
🐂 $AR 29.7 RSI
🐂 $BONK 31.1 RSI



Sep 3