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EGLD Spikes on Coinbase Listing Announcement
EGLD, the native cryptocurrency that powers the MultiversX (formerly known as Elrond) blockchain, surged 5.0% on Tuesday on the news that Coinbase would list EGLD for trading as of today (Wednesday the 7th of December). The cryptocurrency was at one point up as much as 6.5% in the $46.50 per token area versus its pre-Coinbase listing announcement levels under $44.0.
Coinbase will add support for MultiversX (Previously Elrond) (EGLD) on the MultiversX network. Do not send this asset over other networks or your funds may be lost.
— Coinbase Assets 🛡️📞 (@CoinbaseAssets) December 6, 2022
EGLD has since fallen back to trade around $44.50 on Wednesday and is still up nearly 2.0% versus pre-Coinbase listing announcement levels on optimism that the listing will result in increased demand for the token. However, on the day, EGLD is now trading about 2.0% lower, amid apparent profit-taking.
Price Prediction – EGLD to Continue Trending Higher?
EGLD’s fall back into the mid-$44.00s from yesterday’s multi-week highs in the $46.00s means that the cryptocurrency has for now failed in its efforts to push sustainably back to the north of resistance in the $45 area in the form of the late-September lows. However, shorter-term technicals suggest EGLD’s near-term bullish prospects remain intact.
EGLD is arguably still moving higher within the bounds of a bullish trend channel. That may give the cryptocurrency the bullish momentum it needs to muster a push above $45 resistance. A break above $45 would open the door to a swift run higher towards the next key resistance area around $50, which is where a mid-October low and the 50 and 100-Day Moving Averages reside.
For what it’s worth, a popular crypto predictor bot that gives cryptocurrency price forecasts based on historical data predicts that, over the next week, EGLD is likely to climb back towards the $45 area and stay within a $41.50 to $47ish range.
Dash 2 Trade (D2T)
Those interested in investing in a promising crypto trading platform start-up should look no further than Dash 2 Trade. The up-and-coming analytics and social trading platform hopes to take the crypto trading space by storm with its host of unique features.
These include trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system and a strategy back-testing tool. Dash 2 Trade’s ecosystem will be powered by the D2T token, which users will need to buy and hold in order to access the platform’s features.
Dash 2 Trade is currently conducting a token pre-sale at highly discounted rates. D2T token sales recently surpassed $8.94 million. The sale has now entered its fourth and final phase and the pre-sale dashboard is going to be released soon, with the development team currently running ahead of schedule.
IMPT
Amid the growth in popularity in recent years of environmentally and socially friendly investments, investors looking for a green cryptocurrency should consider the IMPT token. IMPT.io has partnered with thousands of the world’s largest retailers to help offset their carbon footprints and allows users to trade carbon credits on the blockchain.
IMPT tokens are currently in their second stage of the presale with IMPT having raised over $14.7 million. That amounts to $300K in token sales in just the last 24 hours. Investors only have another four days to purchase tokens at the current discounted price of $0.023. IMPT token exchange listings begin in seven days.
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