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Bullish outlook for MultiversX base token, egold (EGLD) Since April 25, EGLD has been trading above a key trend indicator — closing 27 days above the S/R 1D50EMA, with a 6-day deviance below that line.The 50-day exponential moving average has played a significant role for the token, indicating short- and mid-term trends and market sentiment for egold and the MultiversX chain.This current behavior signals strength and a rising positive sentiment. I wouldn't be surprise with a sudden run to each of the previous touching points: $25.5 and $37, making 40% to 100% from the current $18.2.Despite the targets, trading and closing all these days above the 1D50EMA marks a significant trend shift after nearly 5 months trading below this average (bearish), followed by a massive negative sentiment in the MvX ecosystem.Things are changing in a great timing with the Andromeda upgrade activation — the biggest release for MultiversX since the mainnet launch around five years ago.

Fun experiment on crypto fundamental analysis —I asked Grok 3 AI to evaluate MultiversX (EGLD) [ EGLD ].It was a long conversation with interesting outputs.MultiversX received an 8/10 score.For Grok, it's a top pick for building apps and for mid to long-term investing.I shared the complete results and logic in my account on 𝕏 ( vinibarbosabr ).You can find it at highlights, if you want.The conclusion is that, per Grok, EGLD could hit:Medium term (1 to 5 years):$10 billion to $30 billion market cap @ $318 to $955.Long term (5 to 10 years):$50 billion to $100 billion mcap @ $1,590 to $3,180. Now, let's dive into the analysis!In summary, Grok evaluated a list of objective and well-documented MultiversX attributes, giving it a score 8 out of 10. The AI said EGLD does not make a good short-term buy, due to poor price action at around $500 million of capitalization, while saying it is a top-pick for mid and long term fundamental investing eyeing a $100 billion market cap.From a tech perspective, Grok 3 agrees MultiversX is one of the most advanced blockchains to date. When asked if it would have MultiversX among its AI top picks to build a project, the answer was yes.First, Grok 3, one of the most advanced AI models to date, evaluated eight categories of blockchain fundamental analysis. MultiversX scored 7.875 on average, with the AI rounding it up to 8 out of 10 points.Scalability got a 9/10 score, considering the fully implemented sharding technology, transactions per second (TPS) capacity, and performance. With 30,000 current TPS on mainnet, a 263,000 TPS achieved on a testnet, and a theoretical capacity superior to 1 million TPS thanks to its adaptive sharding—increasing with demand—MultiversX is one of the most scalable blockchain networks.Decentralization got an 8/10 score, showing strong decentralization, but with room for improvements. The network has over 5,500 nodes, of which, 3,200 are active validators, losing only to Ethereum (ETH). Notably, MultiversX has a Nakamoto Coefficient of 9 for liveness, meaning nine entities have over 33% of all the nodes.Speed and Finality got an 8/10 score, with sub-second finality in the roadmap for 2025, currently taking 6 seconds. The improvement, according to Grok AI, would put EGLD transactions among the fastest layer-one (L1) blockchains.Security got an 8/10 score, with its proof of stake architecture, ESDT tokens being native assets, and onchain 2FA. Yet, the model warns against possible stake accumulation above the 51% threshold as a potential risk for the future. Which is the same risk for all blockchain networks’ security.Cost and Accessibility got a 9/10 score, due to approximately $0.002 cost per transaction, below the industry’s average. MultiversX tech stack also offers developers the possibility to offer gasless (no fees) transactions to the end user. Still in accessibility, the chain has one of the lowest hardware requirements for its capacity in the space, which also contributes to decentralization.Developer Experience (DevX) got a 9/10 score, with a top-down focus on development and a grassroots “build” culture. MultiversX offers familiar tools like Rust framework and WebAssembly, flexibility in programming languages, and a strong open source ethos. Comprehensive documentation and an active community further support developers, making it attractive for building applications and smart contracts. Ecosystem and Adoption got a 7/10 score, as a small ecosystem’s size and adoption relative to larger blockchains could limit its current reach and utility. Still, the ecosystem is growing, together with implementations and partnerships, having big names associated with EGLD.Economic Model (Tokenomics) got an 8/10 score, considering a capped EGLD supply, with full distribution by 2030. Moreover, Grok AI mentions a 30% network fees going to the developer of the used smart contract, incentivizing builders. All things considered, we asked Grok 3 AI what would be the ideal market cap for EGLD, MultiversX base token. Notably, Grok was considering a $565 million capitalization, ranked 95 in CoinMarketCap, trading around $20 per token.Based on fundamental analysis, a comparison with other leading blockchains at higher ranks, would put MultiversX among them, Grok said. This, however, looking at the mid and long term, as the market would need time to adjust accordingly.For the medium term (one to five years), the AI predicts EGLD could reach a market cap between $10 to $30 billion, positioning the cryptocurrency next to Cardano (ADA), Polkadot (DOT), and Avalanche (AVAX).For the long term (five to ten years), Grok is even more bullish, siding MultiversX with Solana (SOL) and Ethereum. In this case, EGLD could reach between $50 to $100 billion market cap.In conclusion, Grok AI agrees that MultiversX is one of “the most technically advanced blockchain today.” It has achieved a remarkable fundamental analysis score and offers an interesting investment opportunity for mid and long-term investors. Furthermore, it features among one of the AI’s top picks of decentralized infrastructures to build applications and smart contracts.Nevertheless, investing is risky and fundamental analyses can often be complex and highly nuanced. Investors and builders should do proper research and due diligence before making important decisions. The short-term for EGLD is also risky, as mentioned by Grok in the analysis.

I got data from CoinGlass looking at Bitcoin historical returns in November since 2013.BTC has accumulated 42.78% gains on average. With seven positive years out of eleven, November also has a median return of 7.12%, from opening (1) to closing (30).In particular, November’s best year was 2013 with 449.35% gains from day one to 30, followed by 2017 and 2020, with 53.48% and 42.95%, respectively. Meanwhile, 2018’s bear market resulted in -36.57% returns in November for Bitcoin, being its worst year followers by 2019.Bitcoin opened November 2024 at $70,272.So, if you project this price for the end of the month based on historical average and median returns, BTC could reach a range between:Median (7.12% = $75,275)Average (42.78% = $100,334)This, of course, is just for your entertainment, and the analysis shouldn't be used in isolation to make any financial decisions. I hope you enjoyed it.All things considered, Bitcoin price is impossible to predict with precision, as the market is extremely volatile and uncertain. Investors should understand what they are buying and consider multiple factors before pressing the button.

MultiversX (EGLD EGLDUSD ) currently has a FALLING WEDGE chart pattern testing the lower-highs downtrend again amid a surging bullish sentiment in the crypto and stock markets following Jerome Powell's dovish speech at the Jackson Hole Symposium. I believe there is a short-term long-position opportunity if the bullish momentum sustains with enough volume and EGLD breakout from this pattern. Falling Wedge is a pattern with historically 70% bullish outcomes in finance markets.The swing trade targets the region between $42 (currently marked by the 365-day exponential moving average) and $51, an area of high short-selling liquidity. Potential returns from the breakout can go up to 50%.There is potential support at $29, marked by the 30-day EMA, but also at $28 and $25, at key levels with relevant buying pressure. The community has been pushing an #EGLDSqueeze movement on X that appears to be gaining traction.I've also been positioning myself in the project with a long-term goal, and I believe MultiversX has one of the most solid fundamentals in the cryptocurrency market today.It is the first blockchain to fully implement the sharding technology. As a pioneer, the chain benefits from battle-tested scalability, among other innovative developments, like on-chain two-factor authentication (2FA).The network has one of the largest validator’s node counts among its competitors, only closely losing to Ethereum (ETH). Additionally, the coin has a maximum supply of 31 million EGLD that transaction fees can replace as its usage increases.NFA.