The cryptocurrency market is a volatile space, and the recent price movements of $EGLD and KAPSA are a testament to that, while $EGLD has been on a tear, KASPA has been experiencing a sharp downturn. Meanwhile, $GFOX, the new kid on the block is eyeing the coveted $1 million presale mark.
In this post, we will dig deeper into the rise of $EGLD, the downfall of KASPA, and the reasons behind $GFOX’s success as one of the best crypto coins to invest in.
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$EGLD (electronic gold) is the native token of the Multiverse X blockchain. Multiverse X is a blockchain designed to offer developers a highly scalable and cheaper smart contract platform. $EGLD is used to reward active community participants and pay for network usage.
Since its launch in 2020, $EGLD has weathered the crypto storms and risen to become one of the best crypto coins to invest in. It currently has a market cap of 1.5 billion.
Recently, $EGLD has been on a sharp increase, gaining about 33% in the past 30 days. In the last week, the coin has gained an impressive 25.3% to trade at $60.
While $EGLD has been shooting for the moon, $KAS, one of the best crypto coins to invest in, has been on a decline. Although $KAS has grown by 45% in the last 30 days, it has shown a steep decline of 12% in the past 7 days.
KASPA is a groundbreaking cryptocurrency built on the Bitcoin code. KASPA touts itself as the future of decentralized proof-of-work blockchain technology, and the next bitcoin. KASPA’s main attraction is its BlockDAG protocol, which allows for parallel processing of transactions. This results in unprecedented transaction speeds and scalability, which makes KASPA a great solution for issues that plague other blockchains including network
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