$EGLD Current status: EGLD — native token of MultiversX — is trading at around $8.37.
• Recent catalyst: In late 2025, EGLD’s integration into a major exchange’s “soft staking” program helped drive buying interest.
• Technical outlook: The coin recently rebounded from a support level near $7.51, but key long-term resistance (e.g. 200-day average) remains well above current price.
📈 What’s Going On Under the Hood
• MultiversX is pushing several upgrades: a network upgrade (sharding / scalability improvements) planned for 2026 aims to make it more competitive for DeFi / dApp usage.
• Despite technical potential, the project recently changed tokenomics: the previously fixed supply cap will be removed and a ~9.5% annual inflation (tail-emission) introduced — a controversial move that may erode the “scarcity” narrative for some long-term holders.
• Community / governance appears active: recent upgrades and staking incentive adjustments passed with strong votes, which might support decentralization and validator participation.
⚠️ Watch-Outs & Risks
• The shift in tokenomics (inflation + supply cap removal) undercuts one of EGLD’s earlier value propositions (scarcity), which could dampen long-term price support if demand doesn’t grow.
• Wider crypto-market sentiment remains weak: many altcoins are under pressure, and with EGLD still far from its previous highs, it may remain volatile.
• Technical resistance levels are high — price might stall or oscillate unless broader adoption or major upgrades materialize.
✅ Why EGLD Still Attracts Attention
• MultiversX’s focus on scalability and blockchain infrastructure positions it as a potential platform for future metaverse, DeFi, and Web3 growth.
• Soft-staking and validator incentives make EGLD attractive for holders willing to stake rather than trade — which reduces circulating supply and could provide support.
• If upcoming network upgrades succeed, and usage (dApps / adoption) grows, EGLD could benefit disproportionately compared to many idle altcoins.
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