MultiversX Price Prediction 2023-2030: Will EGLD Price Hit $50 Soon?
MultiversX, formerly known as Elrond, is a blockchain protocol that utilizes sharding to provide incredibly fast transaction rates. The project identifies itself as a technology ecosystem for the future Internet, including fintech, decentralized finance, and the Internet of Things. Its infrastructure for executing smart contracts supposedly supports 15,000 transactions per second, six-second latency, and a transaction cost of $0.001.
The native token of the blockchain is called Electronic Gold (EGLD), which is utilized for paying network fees, staking, and rewarding validators. By holding and staking EGLD, users have the ability to cast votes on network enhancements and are rewarded with freshly minted EGLD in proportion to the amount staked.
Let’s now take a detailed look at MultiversX’s operations and its native token, EGLD. Moreover, this article will conduct a comprehensive Analysis of EGLD and forecast the price for 2023, 2024, 2025, 2026, till 2050.
Table of contents
- MultiversX (Elrond) (EGLD) Market Overview
- What Is MultiversX (Elrond) (EGLD)?
- Analysts’ Views on MultiversX (EGLD)
- MultiversX (EGLD) Current Market Status
- MultiversX (EGLD) Price Analysis 2023
- MultiversX (EGLD) Price Analysis – Bollinger Bands
- MultiversX (EGLD) Price Analysis – Relative Strength Index
- MultiversX (EGLD) Price Analysis – Moving Averages
- MultiversX (EGLD) Price Analysis – Moving Averages Convergence Divergence
- MultiversX (EGLD) Price Prediction 2023 – 2030 Overview
- MultiversX (EGLD) Price Prediction 2023
- MultiversX (EGLD) Price Prediction – Resistance and Support
- MultiversX (Elrond) (EGLD) Price Prediction 2024
- MultiversX (Elrond) (EGLD) Price Prediction 2025
- MultiversX (Elrond) (EGLD) Price Prediction 2026
- MultiversX (Elrond) (EGLD) Price Prediction 2027
- MultiversX (Elrond) (EGLD) Price Prediction 2028
- MultiversX (Elrond) (EGLD) Price Prediction 2029
- MultiversX (Elrond) (EGLD) Price Prediction 2030
- MultiversX (Elrond) (EGLD) Price Prediction 2040
- MultiversX (Elrond) (EGLD) Price Prediction 2050
- Conclusion
- FAQ
- More Crypto Price Predictions:
MultiversX (Elrond) (EGLD) Market Overview
| 🪙 Name | MultiversX |
| Symbol | egld |
| Rank | #47 |
| Price | $43.55 |
| Price Change (1h) | -0.86607 % |
| Price Change (24h) | -3.36406 % |
| Price Change (7d) | 10.55175 % |
| Market Cap | $1102624869 |
| All Time High | $545.64 |
| All Time Low | $6.51 |
| Circulating Supply | 25336547 egld |
| Total Supply | 25341699 egld |
What Is MultiversX (Elrond) (EGLD)?
MultiversX, formerly known as Elrond, is a blockchain protocol that utilizes sharding to provide incredibly fast transaction rates. The project identifies itself as a technology ecosystem for the future Internet, including fintech, decentralized finance, and the Internet of Things. Its infrastructure for executing smart contracts supposedly supports 15,000 transactions per second, six-second latency, and a transaction cost of $0.001. The native token of the blockchain is called Electronic Gold (EGLD), which is utilized for paying network fees, staking, and rewarding validators.
MutliversX promotes itself as a blockchain-based platform for the new Internet economy, decentralized applications, and enterprise applications. It is the first blockchain network to include state, network, and transaction sharding. Its primary selling point is its tremendous scalability. According to its whitepaper, the company intends to develop its ecosystem and create EGLD as a store of value.
MultiverX has integrated a secure proof-of-stake consensus algorithm, in which nodes must stake their EGLD tokens to take part in the validation process. Each validator is also given a rating score based on their past actions, which affects whether or not they are chosen. If a validator’s score gets too low, it won’t be chosen and will have to pay fines. Validators can also be kicked off the network and have their stakes cut if they keep doing things that hurt the network’s integrity.
Validators are chosen at random in a way that can’t be predicted or changed based on the previous round of validations. Also, validators are shuffled around between shards regularly to prevent collusion. Nodes communicate to each other using modified Boneh-Lynn-Shacham, or BLS, multi-signatures for strong cryptographic protection.
Analysts’ Views on MultiversX (EGLD)
The co-founder of MultiversX Beniamin Mincu announced that MultiversX has accomplished another feather in a hat in their list. Mincu claimed that the first NFT transaction involving an EU governmental institution has occurred. Moreover, Mincu pointed out that this could be a historic precedent for other institutions, states, and companies.
This latest announcement follows a series of achievements for EGLD. It marks an important milestone in building a highly performant, scalable, and secure technology backbone that enables radically new applications for users, businesses, society, and the new metaverse frontier.
According to another crypto analyst, Strong on Twitter mentioned that the market is in the depression moment where a lot of investors and traders are going out from the market. But sooner after they leave, the market will lead to a bull run according to the psychology of the market. He even compared it with the Elrond chart, where we can clearly see the market state of Elrond.
MultiversX (EGLD) Current Market Status
EGLD is ranked in the 44 position based on its market capitalization, according to CoinMarketCap. The current circulating supply of EGLD’s native token is at 25,336,547 EGLD, while its total supply is 25,341,699.
Moreover, EGLD is priced at $44.61, experiencing a 13.31% surge in seven days. With a market cap of $1,130,320,849, EGLD also witnessed a 5.34% fall in 24 hours. Moreover, EGLD is currently facing a fall in its demand as the trading volume, valued at $119,335,447, experienced a tumble of 27.76%% in one day.
Some of the crypto exchanges for trading EGLD are currently Binance, OKX, ByBit, Kraken, and KuCoin.
Now, let’s dive further and discuss the price Analysis of MultiversX native token, EGLD, for 2023.
MultiversX (EGLD) Price Analysis 2023
Will MultiversX’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the crypto industry affect EGLD’s sentiment over time? Read more to find out about EGLD’s 2023 price Analysis.
MultiversX (EGLD) Price Analysis – Bollinger Bands
The Bollinger Bands is a technical Analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The Bollinger Bands consists of upper and lower bands which can be used together, along with the middle line(simple moving average), to determine whether the price would rise or fall.
The upper band of the BB is calculated by adding 2 times the standard deviations to the middle line, while the lower band is calculated by subtracting 2 times the standard deviation from the middle line. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean. As such, the prices of the cryptocurrency, when the Bollinger bands are applied should stay within the upper and lower bands 95% of the time the concept behind this.
Looking at the charts, EGLD had crossed below the lower band, which is considered the oversold region. After residing in the bottom half and touching the lower band of the Bollinger Bands, EGLD crossed above the SMA and the recent candlesticks are currently trading in the top half of the Bollinger Bands, which is the bullish signal for the altcoin. Moreover, ELGD also traded above the upper band, which is the overbought region. There is a possibility that ELGD could face a slight fall if the candlesticks continue to trade above the upper band of the indicator.
Furthermore, the bands of the Bollinger Band have started to expand, indicating that EGLD could experience high volatility over time. If the distance between the bands continues to widen and the candlesticks trade in the overbought region, there is a possibility that the altcoin could fall back into the bottom half of the indicator. If the EGLD indicators continue to fall back to the lower half, the altcoin could be traded under a bearish market for some time.
MultiversX (EGLD) Price Analysis – Relative Strength Index
The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered as the overbought region, and traders expect the price could fall soon.
The RSI is valued at 62.54, which indicates that EGLD is experiencing a strong trend. Moreover, the RSI has also crossed way above the SMA, which further confirms that EGLD is currently trading in a bullish sentiment. The RSI has shot up and remains to be pointed upward, indicating that there is a high possibility that EGLD could reach the overbought region. If the traders continue to purchase EGLD, then, the RSI would be residing in the overbought region for some time, before it faces price retracement.
However, if there is a trend reversal, then, there is a possibility that the RSI’s value could decrease. Moreover, the RSI could go below the SMA, which is the bearish sentiment, if its value continues to decrease for a long time.
MultiversX (EGLD) Price Analysis – Moving Averages
Looking at the charts, EGLD’s candlesticks have reached above the 200MA and the 50MA. However, it is not confirmed if the EGLD will continue to remain in a bullish area. When we look closer, EGLD was trading below the indicators. However, whenever EGLD traded during the bullish signal, the gap between the 200MA and 50MA continued to reduce. If EGLD continues to trade above the indicators, then, there is a high possibility that a golden cross could be formed where the 50Ma crosses above the 200 MA.
However, if EGLD continues to trade below the 50MA and the 200MA, then, the gap between the indicator may continue to widen.
MultiversX (EGLD) Price Analysis – Moving Averages Convergence Divergence
The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will simplify the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data.
Traders have reported that occasionally the Moving Average could create false signals about the price momentum, however, MACD plays an important role as it can confirm the trends and identify the potential reversals.
Furthermore, there are two methods through which traders can speculate the price’s momentum: the crossover method and the histogram method. In the crossover method, when the MACD line crosses above the signal line, the trend could change from a downtrend to a long trend. However, if MACD crosses below the signal line, this could indicate the start of a downtrend.
In the Histogram method, the bars above the signal line indicate an uptrend. Meanwhile, the Histogram bars below the signal line indicate a bearish trend.
The charts indicate that EGLD is experiencing a bullish sentiment as the MACD line is above the signal line. Moreover, this crossover by the MACD line could be a positive sign for the altcoin as it’s a confirmation that EGLD could continue to rise. There are green bars forming on the histogram model, which confirms the theory that EGLD could continue to rise up.
However, if the trend reverses, then, the green bars would gradually reduce and the distance between the MACD line and signal would also decrease, thus, ending the EGLD’s short bullish trend.
MultiversX (EGLD) Price Prediction 2023 – 2030 Overview
| Year | Minimum Price | Average Price | Maximum Price |
| 2023 | $40.93 | $56.29 | $62.80 |
| 2024 | $62.43 | $72.25 | $90.70 |
| 2025 | $92.28 | $100.95 | $126.10 |
| 2026 | $127.98 | $143.35 | $161.80 |
| 2027 | $162.98 | $188.30 | $205.80 |
| 2028 | $208.98 | $234.30 | $251.80 |
| 2029 | $255.28 | $280.60 | $298.10 |
| 2030 | $304.86 | $325.23 | $347.68 |
| 2040 | $640.00 | $720.00 | $780.00 |
| 2050 | $1,200.00 | $1,580.00 | $1,750.00 |
MultiversX (EGLD) Price Prediction 2023
EGLD is currently trading between the Weak High region and the Support region. Earlier, the candlesticks were trading in the Support region, however, it broke through the Support and experienced a surge. As indicators confirm that there could be a possibility of an uptrend over time, EGLD could soon reach the Weak High region and even beyond. If EGLD breaks beyond the Weak High region, then, there is a high possibility that the altcoin could reach the Resistance level.
However, if EGLD’s trend reverses immediately, then, there is a high possibility that the altcoin fall back in the Support realm or go even below it.
Meanwhile, the forecast for EGLD remains to be bullish and is expected to reach beyond the level of $60.32. The bearish price prediction for EGLD ranges from $38.32 to $40.31.
| Month | Minimum Price | Average Price | Maximum Price |
| May 2023 | 45.690 | 46.990 | 49.019 |
| June 2023 | 47.560 | 49.810 | 51.870 |
| July 2023 | 50.530 | 51.650 | 53.673 |
| August 2023 | 52.275 | 53.300 | 55.323 |
| September 2023 | 53.778 | 54.290 | 54.311 |
| October 2023 | 55.269 | 56.290 | 58.350 |
| November 2023 | 56.467 | 59.490 | 60.513 |
| December 2023 | 58.620 | 60.740 | 62.800 |
MultiversX (EGLD) Price Prediction – Resistance and Support
The chart above shows that the price of EGLD has decreased in the past few months. Moreover, the price of EGLD has fallen by 3.20% in the past 24 hours after a surge during the week. However, there are signs of a trend reversal. If the trend reversal happens, EGLD could be running with the bulls, breaking its Resistance levels of $60 and $90.
However, if EGLD falls, then, it could reach the break the $38.32 to $40.31 support 1 level, as the bears may seize control and dethrone EGLD to an downward stance. In simple terms, the price of Elrond might fall almost $40.31.
MultiversX (Elrond) (EGLD) Price Prediction 2024
MultiversX (EGLD) price can rise to incredible heights, peaking at $90. This is only feasible if the market continues its upward path and only if EGLD breaks through the past psychological resistance levels.
| Month | Minimum Price | Average Price | Maximum Price |
| January 2024 | 62.879 | 62.900 | 62.923 |
| February 2024 | 64.590 | 64.890 | 64.919 |
| March 2024 | 66.460 | 66.710 | 66.770 |
| April 2024 | 68.430 | 68.550 | 68.573 |
| May 2024 | 70.329 | 70.350 | 70.371 |
| June 2024 | 72.227 | 72.250 | 72.310 |
| July 2024 | 75.175 | 75.200 | 75.223 |
| August 2024 | 77.678 | 78.190 | 78.211 |
| September 2024 | 81.169 | 81.190 | 81.250 |
| October 2024 | 83.367 | 83.390 | 83.413 |
| November 2024 | 87.325 | 87.350 | 87.371 |
| December 2024 | 90.520 | 90.640 | 90.700 |
MultiversX (Elrond) (EGLD) Price Prediction 2025
EGLD price might grow to $126 during the next three years. Furthermore, hitting this level may not be so tough for EGLD because the new medium, short-term, and long-term price objectives for purchase or sell orders, may be discovered.
| Month | Minimum Price | Average Price | Maximum Price |
| January 2025 | 92.279 | 92.300 | 92.323 |
| February 2025 | 94.990 | 95.290 | 95.319 |
| March 2025 | 98.860 | 99.110 | 99.170 |
| April 2025 | 100.830 | 100.950 | 100.973 |
| May 2025 | 103.729 | 103.750 | 103.771 |
| June 2025 | 107.627 | 107.650 | 107.710 |
| July 2025 | 110.575 | 110.600 | 110.623 |
| August 2025 | 113.078 | 113.590 | 113.611 |
| September 2025 | 116.569 | 116.590 | 116.650 |
| October 2025 | 118.767 | 118.790 | 118.813 |
| November 2025 | 122.725 | 122.750 | 122.771 |
| December 2025 | 125.920 | 126.040 | 126.100 |
MultiversX (Elrond) (EGLD) Price Prediction 2026
EGLD price might grow to $161 during the next four years. Furthermore, hitting this level may not be tough for EGLD because the new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered.
| Month | Minimum Price | Average Price | Maximum Price |
| January 2026 | 127.979 | 128.000 | 128.023 |
| February 2026 | 130.690 | 130.990 | 131.019 |
| March 2026 | 134.560 | 134.810 | 134.870 |
| April 2026 | 136.530 | 136.650 | 136.673 |
| May 2026 | 139.429 | 139.450 | 139.471 |
| June 2026 | 143.327 | 143.350 | 143.410 |
| July 2026 | 146.275 | 146.300 | 146.323 |
| August 2026 | 148.778 | 149.290 | 149.311 |
| September 2026 | 152.269 | 152.290 | 152.350 |
| October 2026 | 154.467 | 154.490 | 154.513 |
| November 2026 | 158.425 | 158.450 | 158.471 |
| December 2026 | 161.620 | 161.740 | 161.800 |
MultiversX (Elrond) (EGLD) Price Prediction 2027
EGLD price might soar to $205 in the next five years. Furthermore, hitting this level may not be difficult for EGLD as other mediums, such as short-term and long-term price objectives for purchase or sell orders, may be discovered.
| Month | Minimum Price | Average Price | Maximum Price |
| January 2027 | 162.979 | 163.000 | 163.023 |
| February 2027 | 167.690 | 167.990 | 168.019 |
| March 2027 | 171.560 | 171.810 | 171.870 |
| April 2027 | 176.530 | 176.650 | 176.673 |
| May 2027 | 179.429 | 179.450 | 179.471 |
| June 2027 | 183.327 | 183.350 | 183.410 |
| July 2027 | 188.275 | 188.300 | 188.323 |
| August 2027 | 190.778 | 191.290 | 191.311 |
| September 2027 | 194.269 | 194.290 | 194.350 |
| October 2027 | 198.467 | 198.490 | 198.513 |
| November 2027 | 202.425 | 202.450 | 202.471 |
| December 2027 | 205.620 | 205.740 | 205.800 |
MultiversX (Elrond) (EGLD) Price Prediction 2028
In the next six years, EGLD’s price could rise to $251. More so, reaching this level might be easy for EGLD as additional medium, short-term, and long-term price targets could be found to purchase or sell orders.
| Month | Minimum Price | Average Price | Maximum Price |
| January 2028 | 208.979 | 209.000 | 209.023 |
| February 2028 | 213.690 | 213.990 | 214.019 |
| March 2028 | 217.560 | 217.810 | 217.870 |
| April 2028 | 222.530 | 222.650 | 222.673 |
| May 2028 | 225.429 | 225.450 | 225.471 |
| June 2028 | 229.327 | 229.350 | 229.410 |
| July 2028 | 234.275 | 234.300 | 234.323 |
| August 2028 | 236.778 | 237.290 | 237.311 |
| September 2028 | 240.269 | 240.290 | 240.350 |
| October 2028 | 244.467 | 244.490 | 244.513 |
| November 2028 | 248.425 | 248.450 | 248.471 |
| December 2028 | 251.620 | 251.740 | 251.800 |
MultiversX (Elrond) (EGLD) Price Prediction 2029
In the next seven years, EGLD’s price could rise to $298. More so, reaching this level could be easy for EGLD as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. According to the forecast, EGLD has a strong chance of reaching the previous ATH.
| Month | Minimum Price | Average Price | Maximum Price |
| January 2029 | 255.279 | 255.300 | 255.323 |
| February 2029 | 259.990 | 260.290 | 260.319 |
| March 2029 | 263.860 | 264.110 | 264.170 |
| April 2029 | 268.830 | 268.950 | 268.973 |
| May 2029 | 271.729 | 271.750 | 271.771 |
| June 2029 | 275.627 | 275.650 | 275.710 |
| July 2029 | 280.575 | 280.600 | 280.623 |
| August 2029 | 283.078 | 283.590 | 283.611 |
| September 2029 | 286.569 | 286.590 | 286.650 |
| October 2029 | 290.767 | 290.790 | 290.813 |
| November 2029 | 294.725 | 294.750 | 294.771 |
| December 2029 | 297.920 | 298.040 | 298.100 |
MultiversX (Elrond) (EGLD) Price Prediction 2030
In the next eight years, EGLD’s price could rise to $347.64. More so, reaching this level could not be difficult for EGLD as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. According to the forecast, EGLD has a strong chance of reaching the previous ATH.
| Month | Minimum Price | Average Price | Maximum Price |
| January 2030 | 304.859 | 304.880 | 304.903 |
| February 2030 | 309.570 | 309.870 | 309.899 |
| March 2030 | 313.440 | 313.690 | 313.750 |
| April 2030 | 318.410 | 318.530 | 318.553 |
| May 2030 | 321.309 | 321.330 | 321.351 |
| June 2030 | 325.207 | 325.230 | 325.290 |
| July 2030 | 330.155 | 330.180 | 330.203 |
| August 2030 | 332.658 | 333.170 | 333.191 |
| September 2030 | 336.149 | 336.170 | 336.230 |
| October 2030 | 340.347 | 340.370 | 340.393 |
| November 2030 | 344.305 | 344.330 | 344.351 |
| December 2030 | 347.500 | 347.620 | 347.680 |
MultiversX (Elrond) (EGLD) Price Prediction 2040
According to our long-term MultiversX price estimate, EGLD prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $720 by 2040. If the market turns bullish, the price of MultiversX could go up beyond what we predicted for 2040.
| Minimum Price | Average Price | Maximum Price |
| $640 | $720 | $780 |
MultiversX (Elrond) (EGLD) Price Prediction 2050
According to our MultiversX forecast, the average price of EGLD in 2050 might be above $1580. If more investors are drawn to MultiversX between these years, the price of MultiversX in 2050 could be far higher than our projection.
| Minimum Price | Average Price | Maximum Price |
| $1200 | $1580 | $1750 |
Conclusion
EGLD has been part of the watch-out list for many investors as it aims to make its mark in the blockchain industry. If investors continue to show interest in EGLD and add these tokens to their portfolio, then, it could continue to rise up. EGLD’s bullish price prediction shows that it could pass beyond the $60.32 level. Moreover, EGLD could surpass the $1500 level by the end of 2050.
FAQ
Elrond is a blockchain protocol that utilizes sharding to provide incredibly fast transaction rates. The project identifies itself as a technology ecosystem for the future internet, including fintech, decentralized finance, and the Internet of Things. Its infrastructure for executing smart contracts supposedly supports 15,000 transactions per second, six-second latency, and a transaction cost of $0.001. The native token of the blockchain is eGold (EGLD), which is utilized for paying network fees, staking, and rewarding validators.
Like other digital assets in the crypto world, EGLD can be traded on many exchanges. Binance, OKX, Deepcoin, BingX, and Bybit are currently the most popular cryptocurrency exchanges for trading EGLD.
Since EGLD provides investors with several opportunities to profit from their crypto holdings, EGLD seems to be a really good investment in 2023. However, EGLD has a high possibility of surpassing its current ATH in 2029.
In terms of active crypto assets, EGLD is one of the few that continues to rise in value. As long as this bullish trend continues, EGLD might break through $68 and reach as high as $100. Of course, if the current market favoring crypto continues, this is extremely likely to happen.
As one of the fastest-rising cryptocurrencies, EGLD is expected to continue its upward trend. We may also conclude that EGLD is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.
The lowest EGLD price is $6.54, which was attained on October 7, 2020, according to CoinMarketCap.
EGLD was launched in October 2017.
Beniamin and Lucian Mincu founded EGLD.
The maximum supply of EGLD is 31,415,926 EGLD.
EGLD can be stored in a cold wallet, hot wallet, or exchange wallet.
EGLD is expected to reach $60 by 2023.
EGLD is expected to reach $90 by 2024.
EGLD is expected to reach $126 by 2025.
EGLD is expected to reach $161 by 2026.
EGLD is expected to reach $205 by 2027.
EGLD is expected to reach $251 by 2028.
EGLD is expected to reach $298 by 2029.
EGLD is expected to reach $347 by 2030.
EGLD is expected to reach $720 by 2040.
EGLD is expected to reach $1580 by 2050.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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