We can expect a price action on Elrond as the chart looks very promising! It has been downwards sloping for more than a year and has formed a falling wedge!
This is beautifully formed pattern and it is a bullish one! The apex comes in December of this year! Elrond has changed its name to MultiverseX I don't know why just like twitter change name to X I still see it as Twitter and MultiverseX as Elrond it is bizarre. It is really hard to change name if you are a company that has already gathered a following.
Anyway, there is an event coming up you can find out more about here. The tickets are quite expensive though, but I doubt anybody will come after the terrible price action and what they have done with their staking and rewards... getting people to lock tokens for the "valuable MEX" that turned out to be a joke was just a marketing strategy to get guaranteed liquidity! Sorry if you are a fan of Elrond reading this, but I think the project is a pump and dump scam although the network runs pretty well and it is quite cheap I would not recommend to anyone investing in it - yeah, I am one of the screw users who paid the price to find out just because they have a face that goes to the public that doesn't mean the project is any good investment!
However, this event might bring some liquidity and some price action! So if you are a trader this coin is certainly one to look at!
All The Best.
Aventurine!
