{"id":276360,"date":"2022-12-10T06:00:40","date_gmt":"2022-12-10T00:30:40","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=276360"},"modified":"2022-12-09T17:10:57","modified_gmt":"2022-12-09T11:40:57","slug":"now-known-as-multiversex-here-is-what-elrond-network-has-been-up-to","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/now-known-as-multiversex-here-is-what-elrond-network-has-been-up-to\/","title":{"rendered":"Now known as MultiverseX, here is what Elrond Network has been up to"},"content":{"rendered":"<ul>\n<li><em>Elron rebranded as a metaverse-focused project and changed its name to <span style=\"font-weight: 400;\">MultiverseX<\/span><\/em><\/li>\n<li><em>Its DEX, Maiar, also initiated its transition into xExchange<\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Formerly referred to as <a href=\"http:\/\/ambcrypto.com\/predictions\/elrond-erd-2-price-prediction\">Elrond [EGLD]<\/a>, the\u00a0month so far has been marked by a series of significant ecosystem updates for MultiverseX.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Early last month, the company announced its decision to move forward under MultiversX and rebrand as a decentralized blockchain network with a focus on the metaverse. To this effect, it launched three products: xFabric, xPortal, and xWorld.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Read <a href=\"http:\/\/ambcrypto.com\/predictions\/elrond-erd-2-price-prediction\">MultiversX&#8217;s [EGLD] Price Prediction<\/a>\u00a02023-2024<\/p>\n<hr \/>\n<h3>All the changes coming to MultiverseX<\/h3>\n<p><span style=\"font-weight: 400;\">xFabric is a sovereign blockchain module designed to be fully customizable. xPortal, which is yet to launch, will replace its Maiar app and grant users access to fiat currency transfers and debit cards. Referred to as the &#8220;first Metaverse planet of this new world,&#8221; xWorld is a network of interoperable metaverses.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Further to this rebrand, per a <\/span><a href=\"https:\/\/elrond.com\/blog\/governance-vote-xexchange-mex20\/\"><span style=\"font-weight: 400;\">governance referendum<\/span><\/a><span style=\"font-weight: 400;\"> that community members voted on, Elrond\u2019s native DEX Maiar DEX commenced its transition into xExchange on 8 December and has been scheduled to end on 10 December.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The migration process would include the implementation of new economics, utility, and mechanics for the DEX\u2019s native token, MEX.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">After a successful Governance vote, Maiar DEX and MEX are evolving.<\/p>\n<p>The Scheduled Maintenance for the migration process begins today, December 8th 15:00 UTC and will end on December 10th.<\/p>\n<p>Relentless efforts by the team, community and partners\ud83d\udee0<\/p>\n<p>Stay tuned for the next updates! <a href=\"https:\/\/t.co\/deT3krV2zN\">pic.twitter.com\/deT3krV2zN<\/a><\/p>\n<p>&mdash; xExchange \u26a1 (@xExchangeApp) <a href=\"https:\/\/twitter.com\/xExchangeApp\/status\/1600868577510559750?ref_src=twsrc%5Etfw\">December 8, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Also, on 7 December, leading cryptocurrency exchange Coinbase announced support for the network\u2019s native token EGLD, and listed the trading for the EGLD \/ USD pair.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Our EGLD-USD trading pair will now enter auction mode. Customers can post limit orders and view the resulting indicative open price. The books will be in auction mode for a minimum of 10 minutes during which no matches will occur.<\/p>\n<p>&mdash; Coinbase Markets \ud83d\udee1\ufe0f (@CoinbaseMarkets) <a href=\"https:\/\/twitter.com\/CoinbaseMarkets\/status\/1600535731956596743?ref_src=twsrc%5Etfw\">December 7, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3><b>In case you hold EGLD\u2026<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">At press time, EGLD exchanged hands at $45.69. Following the turbulent month of November that caused the price of the alt to fall by 25%, it has rebounded since the beginning of this month and has rallied by 5% in the last nine days, data from <a href=\"https:\/\/coinmarketcap.com\/currencies\/elrond-egld\/\">CoinMarketCap<\/a> showed.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Assessed on a daily chart, the month so far has seen increased EGLD accumulation, thereby putting the buyers in control of the market. The position of EGLD\u2019s exponential moving average confirmed this.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of writing, the 20 Exponential Moving Average (EMA) was positioned above the 50 EMA (yellow) line, depicting the momentum of EGLD accumulation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">EGLD\u2019s Directional Movement Index (DMI) lent credence to this position. As of this writing, EGLD\u2019s buyers\u2019 strength (green) at 25.16 rested above the sellers\u2019 (red) at 18.05.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As for the Relative Strength Index (RSI) and Money Flow Index (RSI), they were spotted in uptrends lying above their neutral zones at 63.86 and 63.54, respectively.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Finally, its Chaikin Money Flow (CMF) returned a positive value of 0.12 at press time. This meant that buying momentum exceeded the coin distribution rate.<\/span><\/p>\n<figure id=\"attachment_276408\" aria-describedby=\"caption-attachment-276408\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/12\/EGLDUSDT_2022-12-09_10-23-32.png\"><img decoding=\"async\" class=\"wp-image-276408 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/12\/EGLDUSDT_2022-12-09_10-23-32.png\" alt=\"\" width=\"2560\" height=\"1131\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/12\/EGLDUSDT_2022-12-09_10-23-32.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/12\/EGLDUSDT_2022-12-09_10-23-32-300x132.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/12\/EGLDUSDT_2022-12-09_10-23-32-1024x452.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/12\/EGLDUSDT_2022-12-09_10-23-32-768x339.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/12\/EGLDUSDT_2022-12-09_10-23-32-1536x678.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/12\/EGLDUSDT_2022-12-09_10-23-32-2048x905.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-276408\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Elron rebranded as a metaverse-focused project and changed its name to MultiverseX Its DEX, Maiar, also initiated its transition into xExchange Formerly referred to as Elrond [EGLD], the\u00a0month so far has been marked by a series of significant ecosystem updates for MultiverseX.\u00a0 Early last month, the company announced its decision to move forward under MultiversX<a href=\"https:\/\/ambcrypto.com\/now-known-as-multiversex-here-is-what-elrond-network-has-been-up-to\/\">Continue reading <span class=\"sr-only\">&#8220;Now known as MultiverseX, here is what Elrond Network has been up to&#8221;<\/span><\/a><\/p>\n","protected":false},"author":64,"featured_media":276412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[2688],"class_list":["post-276360","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view","tag-maiar-dex"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - 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