Jun 8
It's impressive how development activity has grown for MultiversX (formerly Elrond) despite a poor price action, which is worth sharing.
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.
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May 8
Jan 8
📊 According to the Relative Strength Index, a TA momentum oscillator, here are the 3 most #bullish & #bearish divergences among top 150 #altcoins.
Bullish
🐂 $EGLD 22.7 RSI
🐂 $AR 29.7 RSI
🐂 $BONK 31.1 RSI
Bearish
🐻 $MKR RSI
🐻 $vBNB RSI
🐻 $SEI RSI
