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MultiversX price rose 46% in seven days and was trading at $44.03 starting at 12:30 am EST.
This MultiverseX price surge can be attributed to activity on South Korea’s Upbit Exchange, which accounts for around 60% of the token’s recent trading volume.
EGLD pumped 60%, is this manipulation or something else?
In the last 24 hours, #EGLD It is up more than 60% and is currently trading at $54.
More than 60% of your 24-hour volume comes from #Upbita South Korean crypto exchange that was behind the bombs of CYBER, TRB,… pic.twitter.com/VtT0fPU9Xz
– Wise Advice (@wiseadvicesumit) November 5, 2023
MultiversX Price Prediction
Looking at the 2-hour EGLD/USDT graphics, MultiversX is at risk of facing massive corrections. EGLD has formed a pair of bearish engulfing candlestick patterns, as seen on the charts. This indicates a bearish trend in the price of MultiversX with prospects of a fall. If we look at the MACD indicator, the downtrend is now gaining ground as it moves into the red zone.
The relative strength indicator is on a downward trajectory as it exits the overbought region. This indicates a bearish trend in MultiversX price as the bulls face resistance at $52.3. The 15-day moving average has now surpassed the 5-day moving average to form a death cross. This also indicates that bearish momentum is building around the token.
As for volatility, MultiversX price is facing high volatility, as shown by the Bollinger Bands, which are now widely separated. These levels are likely to remain high due to increasing trading volume. EGLD saw a 32% increase in trading volume in the last 24 hours.
Meanwhile, as bulls and bears alike keep an eye on what happens next with MultiversX price, bitcoin Minetrix continues to make waves, with its new cloud mining initiative presenting opportunities for massive profits. bitcoin Minetrix has surpassed the $3.4 million mark in your pre-sale in progress as more investors come on board.
What is bitcoin Minetrix and why all the fuss?
The project is designed to facilitate bitcoin mining by placing BTCMTX coins on an ethereum-based platform. With its easy-to-use approach that eliminates the need for specialized skills or upfront investments, bitcoin Minetrix offers a promising opportunity for people to enter the lucrative world of btc mining.
The concept revolves around allowing users to bet. BTCMTX Tokens to acquire btc mining points, allowing them to participate in the mining process effortlessly. Through this system, users can use their saved credits to purchase cloud mining power, allowing them to generate btc without having to deal with the usual problems that come with mining. This user focus not only makes mining more open to everyone, but also gets more cryptocurrency fans interested and encourages them to join.
When integrated into a ethereum?src=hash&ref_src=twsrc%5Etfw”>#ethereum smart contract, the $BTCMTX #Symbolic acts as an access door bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin cloud mining.
Eager users can purchase and use effortlessly #BTCMTX tokens to secure cloud mining credits, which are ultimately exchanged for hashing power. pic.twitter.com/c3Ojzq25h0
—Bitcoinminetrix (@bitcoinminetrix) November 2, 2023
Early investment opportunities at a low pre-sale price
Early investors can ensure BTCMTX Tokens at a reduced pre-sale price of $0.0114. This stands out as an excellent opportunity for those looking to capitalize on the future growth potential of bitcoin Minetrix.
Industry analysts predict an increase in the token’s value as the project progresses into its pre-sale phases, with the current fifth round nearing its conclusion, underscoring the need for potential investors to take advantage of this beneficial opportunity without delay.
Since MultiversX price will face corrections, bitcoin Minetrix’s BTCMTX could be the alternative investment.
Visit here to participate in the pre-sale
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