The MultiversX price surged 46% in seven days as it traded at $44.03 as of 12:30 a.m. EST. 

This MultiverseX price surge can be attributed to activity on South Korea’s Upbit Exchange, which accounts for about 60% of the token’s recent trading volume. 

EGLD pumped 60%, Is this a manipulation or something else❓
 
🟢 In the past 24 hours, #EGLD has been up over 60% and is currently trading at $54.
 
🟢 Over 60% of its 24-hour volume is coming from #Upbit, a South Korean crypto exchange that was behind the pumps of CYBER, TRB,… pic.twitter.com/VtT0fPU9Xz

— Wise Advice (@wiseadvicesumit) November 5, 2023

MultiversX price prediction

Looking at 2-hour EGLD/USDT charts, MultiversX risks facing massive corrections. EGLD has formed a couple of bearish engulfing candle stick patterns, as seen in the charts. This indicates bearishness on MultiversX price with prospects of a dip. Looking at the MACD indicator, bearishness is now taking over as it moves in the red zone.

The Relative Strength Indicator is on a downward trajectory as it exits the overbought region. This indicates bearishness on MultiversX price as bulls face resistance at $52.3. The 15-day moving average has now exceeded the 5-day moving average to form a death cross. This also indicates bearish momentum gathering around the token.

Looking at volatility, the MultiversX price is facing high volatility, as shown by the Bollinger Bands, which are now far apart. These levels are likely to remain high due to the growing trading volume. EGLD saw a 32% increase in trading volume within the last 24 hours.

Meanwhile, as bulls and bears watch out for what will happen next with the MultiversX price, Bitcoin Minetrix continues to make waves, with its new cloud mining initiative presenting opportunities for massive gains. Bitcoin Minetrix has now surpassed the $3.4 million mark in its ongoing pre-sale as more investors board.

What Is Bitcoin Minetrix, And Why All This Hype?

The project is designed to facilitate easy Bitcoin mining through staking BTCMTX coins on an Ethereum-based platform. With its user-friendly approach that eliminates the need for specialized skills or initial investments, Bitcoin Minetrix offers a promising opportunity for individuals to access the lucrative world of BTC mining.

The concept revolves around allowing users to stake BTCMTX tokens to acquire BTC mining points, enabling them to participate in the mining process effortlessly. Through this system, users can use their saved credits to buy cloud mining power, which lets them make BTC without having to deal with the usual problems that come with mining. This focus on the user not only makes mining more open to everyone but also gets more crypto fans interested and encourages them to join.

When integrated into an #Ethereum smart contract, the $BTCMTX #Token acts as the gateway to access #Bitcoin cloud mining. 🔑

Eager users can effortlessly purchase and employ #BTCMTX tokens to secure cloud mining credits, ultimately traded for hashing power. pic.twitter.com/c3Ojzq25h0

— Bitcoinminetrix (@bitcoinminetrix) November 2, 2023

Early Investment Opportunities at a Low Presale Price

Early investors can secure BTCMTX tokens at a reduced presale price of $0.0114. This stands out as an excellent chance for those seeking to capitalize on the potential future growth of Bitcoin Minetrix. 

[embedded content]

Industry analysts predict a rise in the token’s value as the project advances through its presale phases, with the current fifth-round approaching conclusion, underscoring the need for prospective investors to embrace this beneficial chance without delay.

With the MultiversX price set to face corrections, Bitcoin Minetrix’s BTCMTX could be the alternative go-to investment.

Visit here to take part in the pre-sale

Related News

• SEO Powered Content & PR Distribution. Get Amplified Today.
• PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
• PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
• PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
• PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
• Source: https://insidebitcoins.com/news/multiversx-price-jumped-46-in-a-week-as-experts-see-parallels-with-this-btc-alternative