MultiverseX (EGLD), a cryptocurrency that has been making waves in the market, saw a significant surge in price following the announcement of its integration with Safepal. The price of EGLD jumped by 11% in the past 24 hours, reaching $32.93 on Friday. This increase comes at a time when many other altcoins, including Bitcoin, experienced a crash in value.
MultiverseX, previously known as Elrond, is a blockchain network that focuses on the metaverse. The EGLD token is the driving force behind the network, used for staking, transactions, and governance. The recent integration with Safepal, a popular mobile and hardware crypto wallet with over 13 million users worldwide, opens up new opportunities for MultiverseX users.
With the integration, users can now access MultiverseX directly through their SafePal wallets, and a browser extension is set to launch soon. This move is expected to provide users with a more convenient and secure way to interact with the MultiverseX ecosystem. Daniel Serb, the head of business development at Multiverse, highlighted the three layers of value exchange using EGLD and emphasized the security features offered by SafePal.
Despite the positive news surrounding MultiverseX, the EGLD token has seen a 16% decrease in value over the past month and has been struggling since reaching its all-time high in November 2021. However, the expanded use cases for EGLD and the upcoming wallet browser extension are expected to drive further adoption and utility for the token.
SafePal’s services are available in over 200 countries and support more than 100 blockchains, offering a wide range of features such as trading, cross-chain swapping, and yield tools. This broad accessibility and functionality position SafePal as a key player in the crypto wallet space, providing users with a comprehensive platform to manage their digital assets and NFTs.