Projects listed: 276 |
BTC Dominance: 0.00% | Volume (24h): $47,332,742,880 | Market Cap: $2,491,544,714,021
MultiversX
EGLD
$32.32
Sector
Layer 1
Exchange Debut
2020-11-05
Market Cap
879,940,337
Maxim Supply
31,415,926
Circulating Supply
27,224,810
Circ. Supply(%)
86.66%
MultiversX
EGLD
Price
$32.32
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
13605971
34.978370616363
32.215146514364
Change 24h
Change 7d
Change 30d
-6.3183
-14.8004
6.2114
Maxim supply
Circulating supply
Circulating supply(%)
31,415,926
27,224,810
86.66%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the MultiversX cryptocurrency:
MultiversX, represented by the token EGLD, is a compelling force in the blockchain protocol arena. With a remarkable score of 8.02 out of 10 in a recent fundamental analysis of the MultiversX cryptocurrency, it stands out with superior transaction speeds, robust security features, and exceptional scalability. The unique implementation of state, network, and transaction sharding gives it a competitive edge in the expanding crypto market.
SOCIAL & MASS MEDIA: Score 7.25 out of 10
Our fundamental analysis of the MultiversX cryptocurrency indicates an effective and engaging social media presence. The project successfully draws followers and nurtures an active online community. Although its direct media presence is yet to fully blossom, its proactive involvement in chat groups underlines a dedication to community interaction and outreach. Despite some areas of growth, MultiversX’s commendable social media performance signifies an enticing opportunity for investors seeking vibrant community involvement.
AUDIT & SECURITY: Score 4.8 out of 10
While MultiversX’s audit results leave room for improvement, the project shines in terms of transparency. Publicly available information about the project is comprehensive, and its strong liquidity on exchanges instills confidence in prospective investors. This fundamental analysis of the MultiversX cryptocurrency suggests that despite some security concerns, its commitment to transparency bodes well for the project’s future.
TOKENOMICS: Score 8.54 out of 10
MultiversX’s token economy showcases robust fundamentals. Despite slight inflationary trends, the currency’s centralization is minimal. Through the lens of our fundamental analysis of the MultiversX cryptocurrency, these factors contribute to EGLD’s potential as a store-of-value asset in the increasingly complex blockchain ecosystem.
ECOSYSTEM DEVELOPMENT: Score 8.4 out of 10
The project has consistently fulfilled its objectives and shows promise for introducing new developments. MultiversX’s dedication to innovation is evident, making it an attractive proposition for those invested in the evolution of the blockchain space. This component of the fundamental analysis of the MultiversX cryptocurrency points to a bright future for the project.
TEAM & DEVELOPERS: Score 8 out of 10
With an experienced team at the helm, MultiversX steers clear of many pitfalls that plague new blockchain projects. However, room for growth lies in expanding the number of software developers to meet the project’s ambitious goals. As the fundamental analysis of the MultiversX cryptocurrency reveals, the team’s expertise is a strong pillar supporting the project’s aspirations.
PRODUCT & UTILITY: Score 9.2 out of 10
MultiversX stands out in terms of product utility. The project’s tokens play a significant role within its ecosystem, despite a slight gap in optimizing their full potential. This is yet another facet of the fundamental analysis of the MultiversX cryptocurrency that underlines its promising prospects.
PARTNERS & INVESTORS: Score 8.5 out of 10
With a robust network of investors and high-quality partners, MultiversX presents a strong case for its potential growth and expansion. This final component of the fundamental analysis of the MultiversX cryptocurrency highlights the project’s strategic relationships, further cementing its status as a noteworthy contender in the blockchain space.
Fundamental analysis of the MultiversX cryptocurrency – The final conclusion
In light of the detailed evaluation, the fundamental analysis of the MultiversX cryptocurrency offers valuable insights into its strengths and areas for growth. Despite some challenges, MultiversX exhibits strong potential as a blockchain project with its efficient transaction speeds, commitment to transparency, and well-structured tokenomics. With an overall score of 8.02 out of 10, MultiversX presents a promising investment opportunity for those seeking involvement in a dynamic and innovative crypto project.
With continuous efforts towards ecosystem development and a dedicated team, MultiversX could potentially offer profitable opportunities for investors. Still, as with any investment, due diligence and careful consideration of the project’s strengths and weaknesses are essential.
In conclusion, while the fundamental analysis of the MultiversX cryptocurrency presents some areas of risk, the project’s unique features and dedicated team make it a project with substantial potential in the blockchain space. Its strong overall score, coupled with its unique sharding implementation and high scalability, positions MultiversX as a promising player in the evolving world of blockchain technology.
Introduction to MultiversX
The fundamental analysis of the MultiversX cryptocurrency revolves around its underlying technology: a blockchain protocol known for extreme transaction speeds due to its utilization of sharding. MultiversX presents itself as a futuristic technology ecosystem that encompasses fintech, decentralized finance, and the Internet of Things. It boasts an impressive transaction rate of 15,000 transactions per second, achieved through its smart contracts execution platform, with a minimal latency of six seconds and low transaction cost of $0.001.
The Role of EGLD in MultiversX
Central to the MultiversX platform is the Electronic Gold (EGLD) token, the native currency of Elrond, the network that powers MultiversX. EGLD acts as the fundamental currency to pay for network usage and serves as the medium of exchange between users and validators. Additionally, EGLD enables developers to deploy smart contracts, protocols, and dApps on the platform, and facilitates various network actions. It also functions as a governance token, enabling its holders to participate in decision-making processes of the network.
Unique Aspects of MultiversX
MultiversX differentiates itself as the first blockchain network to implement state, network, and transaction sharding, contributing to its high scalability. The network comprises 2,169 validator nodes, split into four shards, three for execution and one for coordination. This flexible architecture allows for scalability through the addition of more shards when demand outstrips supply. It also supports developers by offering royalties from smart contract fees, promoting increased adoption of the platform. Lastly, a supply of EGLD tokens is maintained for staking in the network’s first year, with validators receiving a significant annual percentage rate.
- Latest analysis update: June 14, 2023
MultiversX - EGLD performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
