• Elrond announced its transition to a Metaverse-focused platform, launching three new products.
• Despite the rebranding, Elrond will remain the native token of MultiversX.
• Elrond price is gradually sloping towards its next major resistance at $67.

Elrond’s latest decision to become a Metaverse-focused company is the first of its kind, where a top 50 cryptocurrency project was completely rebranded. The changes that followed will be aimed in particular at users of the virtual world. Whether this could also have a positive impact on the EGLD price remains to be seen.

Elrond transitions to MultiversX

Elrond announced during his X Day international conference event that the company would be changing its name and pursuing MultiversX. Elrond’s…