MultiversX (EGLD) Awarded as Top Gainers of the Day With Massive Surge

thenewscrypto.com 27 April 2023 09:41, UTC

Analytics

MultiversX ($EGLD) emerged as the top gainer on the day.
The $EGLD price soared more than 22%.

To earn higher returns during the next bull run, investors in the cryptocurrency market are gradually moving toward mid-cap investment options. Thus, “MultiversX ($EGLD) is this week’s top-performing cryptocurrency,” ranking 44th overall in the crypto space, according to data from CoinMarketCap.

The native currency of MultiversX, $EGLD, is currently showing an inverted head and shoulders pattern on a daily time zone. Bulls have been accumulating $EGLD coins since this week, responding to the signal of a bullish pattern. As a result, “$EGLD emerged as the top gainer on the day,” as per CoinMarketCap.

MultiversX’s price surged more than 22% overnight, reaching a high of $49.47. At the time of writing, $EGLD traded at $45.55 with a market cap of $1.15 billion. In addition, MultiversX’s 24-hour trading volume climbed over 780% to reach $216 million.

MultiversX ($EGLD) Price Chart (Source: CoinMarketCap)

This spike in $EGLD’s trading volume drove a positive effect on the altcoin’s price. Also, the cryptocurrency performed similarly to the two industry heavyweights, Bitcoin ($BTC) and Ethereum ($ETH). When compared with $BTC and $ETH, $EGLD was up 12% against $BTC and 14% against $ETH.