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If you've been in the crypto space for a while, you've certainly heard of Elrond. It was a project that generated immense excitement for its promise of incredible speed and scalability. But if you search for it today, you'll find yourself redirected to a new name: MultiversX. Are they the same thing? Is the original project gone? Let's clear up the biggest point of confusion right away. Yes, they are the same project. The change from Elrond to MultiversX represents a strategic evolution, a doubling-down on a new vision for the future of the internet. As your guide, I'll walk you through Elrond's original promise, its transformation into MultiversX, and what the EGLD crypto is used for today.

The Original Vision: Solving the Scalability Problem

The project first known as Elrond launched with a clear and ambitious goal: to solve the blockchain "trilemma" of being simultaneously decentralized, secure, and scalable. Its main innovation was a technology called "Adaptive State Sharding." Think of a busy highway with only one lane, causing a massive traffic jam. Sharding is like splitting that highway into dozens of parallel lanes. By processing transactions simultaneously across these multiple "shards," the Elrond network was designed to achieve incredibly high speeds—thousands of transactions per second—at a very low cost, a significant advantage over older, slower blockchains.

The Rebrand: A New Focus on the Metaverse

In late 2022, the Elrond team announced a major strategic pivot by rebranding to MultiversX. This wasn't just a marketing change; it was a signal of their new primary focus: building the infrastructure for the metaverse. While the core technology of the blockchain remains, the company's efforts are now aimed at creating a suite of powerful, vertically integrated products for this new digital frontier. These products include xFabric, a deployable blockchain module for brands; xPortal, a super-app that acts as a gateway to the metaverse; and xWorlds, a platform for creating interoperable virtual worlds.

The Role of the EGLD Crypto Token

The native cryptocurrency of the network is EGLD, which stands for "eGold." It is the fuel that powers the entire MultiversX ecosystem. The EGLD crypto serves several critical functions within the network. It is used to pay for transaction fees, much like gas on Ethereum. It is also used for staking, where holders can lock up their EGLD to help secure the network and, in return, earn rewards. Finally, EGLD is used for governance, giving holders a say in the future direction of the project.

How to Evaluate MultiversX Today

As an investor, understanding this evolution is key. The project is no longer just a high-speed blockchain; it is a direct bet on the future of the metaverse and Web3. Its success now depends on the adoption of
its new suite of products. When researching MultiversX, you should focus on the growth of its developer community and the quality of the partnerships it forms for its new metaverse-focused tools. Its core value proposition remains its high-performance blockchain, but its future growth is tied to this new, ambitious vision.

In the early days of Bitcoin, the only thing that mattered was the block reward halving. Today, the crypto market marches to the beat of a different drum: The Federal Reserve.

Macroeconomics has invaded crypto. When the Fed Chair (currently Jerome Powell) walks up to the podium, billions of dollars in market cap can vanish or appear in seconds. For a crypto trader, ignoring these announcements is like sailing into a hurricane without checking the weather forecast.

Understanding how to trade these events—specifically the FOMC (Federal Open Market Committee) meetings—is a critical skill for navigating modern markets.

Why Interest Rates Move Bitcoin

The logic is simple. Bitcoin and risk assets (like tech stocks) thrive on "cheap money."

• Low Interest Rates (Dovish): Borrowing money is cheap. Investors take risks to find yield. Capital flows into crypto.
• High Interest Rates (Hawkish): Borrowing is expensive. Investors prefer safe returns like Treasury bonds. Capital flows out of crypto.

Therefore, every FOMC meeting revolves around one question: Will rates go up, down, or stay the same?

The Three Phases of the Trade

Trading these events isn't just about the moment the number is released. It is a three-act play.

1. The Anticipation (Buy the Rumor)

In the weeks leading up to the announcement, the market "prices in" the expectation. If traders expect a rate cut, Bitcoin often rallies before the meeting. You can track this sentiment using the CME FedWatch Tool. Smart traders often position themselves on the Spot market early, looking to sell into the volatility.

2. The Announcement (The Knee-Jerk)

At exactly 2:00 PM ET, the decision is released. Algorithmic bots react instantly.

• The Fake-Out: Often, the initial candle is a fake-out. The price might spike up violently, trapping longs, only to crash seconds later.
• Strategy: Do not trade the first minute. The spreads are wide, and the slippage is high. Wait for the dust to settle.

3. The Press Conference (The Real Move)

30 minutes later, the Fed Chair speaks. This is where the real trend is established. The market listens to the tone. Even if the rate decision was bad, if the Chair sounds optimistic about the future (dovish), the market can rally.

Signals to Watch

You don't need a PhD in economics to trade this. Watch the DXY (US Dollar Index).

• If the Fed is Hawkish, the Dollar strengthens (DXY goes up), and Bitcoin usually drops.
• If the Fed is Dovish, the Dollar weakens (DXY goes down), and Bitcoin usually flies.

Managing the Risk

Volatility during these events can be extreme. It is not uncommon to see Bitcoin move $2,000 in a 5-minute candle.

If you are not comfortable managing this risk manually, consider staying in stablecoins or using Copy Trading. By copying professional traders who specialize in macro events, you can leverage their experience without staring at the charts yourself.

Conclusion

The days of crypto being decoupled from the traditional economy are over. Interest rates are the gravity of the financial world. By learning to read the Fed's signals, you stop gambling on random price movements and start trading the fundamental flows of global capital.