15+ years of Karate 🥋 | Crypto Investor & Trader | MultiversX ⚡ $EGLD | https://teapaw.org/t.co/jlZH4nPlzW | Discipline → Patience → Growth 🥋🚀💰"
Joined January 2021
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$EGLD is back at the 0.786 retracement of the Aug–Sep move (~$3.24) 👀
Deep pullbacks like this shake out weak hands. This is usually where patience gets paid.
I'm buying more here.
Are you buying too, or waiting? 👇
Fully agree. People judge EGLD by price, not by the fact it's still standing and building after 5 years. The right shoulder is looking interesting, and this zone feels like a solid place to keep DCAing.
I think the thing people totally miss about EGLD / @MultiversX...
Their growth should never be tracked by price, but simply by the sustainability of elrond-erd-2:native.
Do you understand that it doesn't go further than that?
Why do people criticize the MVX team and say they changed the supply just to extract more value? Because what if that's just the truth... and people have missed it:
MultiversX needs to be sustainable. Over the past 5 years - from the start of the $MEX token in Nov. 2021 through the tokenomic changes of the EGLD token itself... The team needed to release things and change things. They weren't married to previous tokenomics. They saw how they needed to pivot to make EGLD and MultiversX sustainable. They laid their own rails with their in-house products, they established a long-term tokenomics shift to maintain sustainability, and now they press onwards with post-mainnet upgrade Supernova with some of the sharpest blockchain specs on the market.
I've followed MVX for a long time and what they sold me in in 2019 is really the same thing they sell me on these days: determined business people who know how to build a blockchain that thus far... has not been hacked or exploited or truly killed to zero forever for good. MVX has made it through any/all exploits/hacks so far and really showed quite astounding response time every time there was something going on that needed a centralized look at.
So here we are, and at this point I'm sure I'm only preaching to the choir: if you've read this far, you probably understood what I'm saying after the first few sentences. But here I am writing this non-ai written thought piece to show you that I'm a human who's authentically here and showing up regularly to share his thoughts and opinions. I'm here for debate and or conversation, always.
Below I've drawn what I am seeing as a possible long-term reversal for EGLD taking this year between $2.50-$5 taking shape as a inverse head and shoulders. Keep in mind that this is showing up while Bitcoin is showing strength. @BobLoukas is claiming we are at the start of a new 4-year cycle... and that specifically BTC just put in a 60-day low and the next push upwards for BTC is to follow.
If in fact BTC is only up from here for the next 2-3 years, buying here and now is a cutting the best slice of the pie (before the next secular bear market *assuming a "4-year cycle").
I have come to develop understanding that there's more to be said about the value of one's positioning rather than the *SIZE* of the position itself. That's a feat of timing, not of capital, and we ALL have the time. 🧠
If/when the next secular bull run emerges here, aim to be well set up to avoid the pitfalls of the previous cycle. That means you might have to take some risk pushing buy when a market is red. Bear markets are not easy, but I'm determined to be here when it's fair to say we've hit the bottom.
Vitalii Revtiuk ⚡ $EGLD retweeted
$EGLD is a sleeping giant. 🔥
Tiny free float.
Thin order book.
Low liquidity.
A huge supply locked in staking.
When capital rotates into altcoins, it doesn’t take $ billions of buying pressure to move every asset equally.
When demand meets scarce liquid supply, price discovery can get explosive. 🚀
Most people are looking at market cap.
Smart money should be looking at available supply vs. incoming demand.
$EGLD could move a LOT faster than people expect. 👀
#MultiversX #EGLD #Altseason
Prime Sale isn’t only on Amazon today.
Crypto is on sale too. 📉
Funny how everyone loves a discount until it’s their favorite altcoins.
Are you buying the fear or waiting for green? 👀
$EGLD — another piece of the puzzle? 👀
Just spotted a potential triangle on the 4H. An upside breakout could put ~$7 in play, fitting the bullish direction of my Elliott Wave count.
Watching for confirmation. Do you see the same setup, or a different story? 👇
$EGLD — is wave 3 next? 👀
I’m seeing a five-wave advance followed by an ABC correction, with potential targets around $8.75 for wave 3 and $10 for wave 5 if this plays out.
Just my take — do you agree with this Elliott Wave count, or see it differently? Drop your charts below 👇
MultiversX mainnet is back online.
On September 19 a purpose-built contract hit a bug in the MultiversX virtual machine: a built-in function that should have been atomic was not. Invalid state landed on the ledger, so block production was stopped before it could spread.
Recovery was a hard fork from a checkpoint taken before the exploit. In mainnet history, those tokens were never minted. No blacklist. No whitelist. Validators coordinated in the open, and every node re-checked signatures, roots and state for itself.
@SasuRobert explained this in public, in detail, while the work was still underway. That is rare. It is why people could follow the facts as they happened.
A few threads spent the week looking for a hidden off switch. What they walked past was a Telegram room of independent validators, a public checkpoint, and a team that corrected its own update when the logs were clearer than the dashboards. Less cinematic. Much harder to fake.
Thank you to the engineers, the validators, @beniaminmincu, and everyone who stayed with $EGLD.
We come out of this stronger.
@MultiversX
Vitalii Revtiuk ⚡ $EGLD retweeted
THE CHAIN IS BACK.
all shards and metachain are notarising and working.
monitoring all from the war room.
things are catching up. blocks are produced.
WE ARE SO BACK!
p.s. a big thing to get from this, it is time to write a new client, directly in rust, via specs and formal verification first. it will be one of my side projects, agents building it in the night, 24/7, it will take some time.
After carefully reviewing yesterday’s logs, our engineering team confirmed that the recovery hard fork completed successfully. It does not need to be repeated.
Validators are now upgrading and synchronizing for the coordinated restart. Please continue to wait for the separate all-clear before submitting transactions.
Thank you to our validators, partners and everyone standing with us through these difficult days.
We keep building, together.
This week said more about $EGLD than any candle.
Supernova is on mainnet. Blocks moved from 6 seconds to 600 milliseconds. Validators agree on transaction order while execution runs in parallel, on the same 4-core, 8 GB machines. Inside a shard, finality is a fraction of a second. Governance passed the upgrade with 99.64% of the vote.
Then a real test arrived. Someone hit a VM-level atomicity edge case, and invalid state reached the ledger. What followed is the part worth keeping.
The team paused the network the same day. The attacker's accounts were identified and frozen with major exchanges. Law enforcement is engaged. The fix was prepared immediately, the code is public, and recovery is a coordinated restart from a known-good checkpoint, rehearsed with validators on testnet and devnet before mainnet moves.
This is what a serious team looks like. They shipped one of the fastest upgrades in the ecosystem, and when an edge case broke they put users ahead of the uptime chart. Validators across the world stayed up and held the line together. Anyone can read the patch.
We are lucky these are the people on $EGLD. They will close the recovery properly. After the all-clear, this is a 600ms chain with a harder protocol and a community that watched its builders do the difficult thing in public.
We come back stronger.
#MultiversX #EGLD #Supernova
Most people want the black belt.
Almost nobody wants the boring years of training.
Same with money.
Everyone wants to be rich.
Almost nobody wants the quiet work that gets you there.
If your plan only works when you feel inspired,
you don’t have a plan.
You have a vibe.
Yesterday: “EGLD is dead.” Today: attacker frozen, funds safe, fix in 1–2 days.
The timeline always panics first. The team always works second.
This is usually the moment that separates tourists from believers.
Funny. The chart always looks worst right before you see who actually belongs here.
#EGLD #MultiversX
Someone tried to use a bug against MultiversX today. The chain was paused to protect real user funds.
That is what a serious team looks like.
Beni and the builders have brought us through dark nights before. They will bring us through this one too.
A network is not proven when nothing goes wrong. It is proven when it protects you anyway.
We are still here. And after this, we will be even stronger.
#EGLD #MultiversX
And we are ready for it 🚀
$EGLD has started it’s wave 3 outperformance of ETH, TOTAL3 and OTHERS. That means a huge move is incoming.
