The post Elrond Price Prediction 2024, 2025, 2030: Will EGLD Reach The $100 Mark This Year? appeared first on Coinpedia Fintech News



Story Highlights




The live price of EGLD is  $ 42.29803156 .



The Elrond price could go as high as $87.93 by the end of 2024.



With a potential surge, the EGLD price could reach a high of $252.68 by 2030.






T he projects based on Defi have undergone a sustained upward move. As traders always look for a quicker, more secure, and scalable platform, Elrond emerges as one of the top picks. It aims to revolutionize the space with its DEX.



The unique protocol’s native asset, EGLD, has seen dramatic growth over the years. As it is a highly scalable, fast, and secure blockchain platform for distributed applications. It provides high-level interoperability with fast execution speeds compared to other smart contract platforms.



Are you amazed by the short introduction and interested in learning about it’s prospects? This article will thoroughly discuss Elrond’s price prediction for 2024 – 2030 and the years to come.



Table of contents Story Highlights Overview Elrond Price Prediction May 2024 EGLD Price Prediction 2024 Elrond Price Prediction 2024 – 2030 EGLD Price Prediction 2025 Elrond Crypto Price Prediction 2026 EGLD Price Prediction 2027 Elrond (EGLD) Price Prediction 2028 EGLD Price Prediction 2029 Elrond Price Prediction 2030 Market Analysis CoinPedia’s Elrond Price Prediction  Fundamental Analysis  What Is Elrond? Historical Market Sentiments 2020 – 2022 FAQs



Overview



Cryptocurrency MultiversX Token EGLD Price  $ 42.29803156 1.86% Market cap  $ 1,136,210,612.0422 Circulating Supply  26,862,021.0000 Trading Volume   $ 18,631,505.7181 All-time high $542.58 on 23rd November 2021 All-time low $6.54 on 07th October 2020 24 High  $ 43.4500 24 Low  $ 40.9700



Elrond Price Prediction May 2024



The EGLD price has been trading in a closed range between $37.69 and $47.37 after displaying a bearish price action for about a month. However, it has recorded a correction of 31.72% within the past seven days and 40.72% since the year started, highlighting a high possibility of a bearish price action in the coming time.



TradingView: EGLD/USDT



The technical indicator, MACD, displays a constant rise in the green histogram, indicating an increase in the buying pressure in the crypto market. Moreover, the averages show a rising pattern, suggesting a bullish outlook for the altcoin in the coming time.



If the bulls regain momentum, the Elrond price will start trading under a bullish influence and prepare to test its upper resistance level of $57.94 during the upcoming weeks. However, bearish price action may result in the EGLD price falling toward its crucial support level of $37.69.



EGLD Price Prediction 2024



The year 2024 is anticipated to be bullish for the crypto industry, as it marks the year of Bitcoin’s halving. If the crew behind Elrond makes hay while the sunshine with developments and community-building events. The price of EGLD might catapult to its potential high of $87.93. 



Contrarily, if the business comes across regulatory constraints, EGLD’s price might slump to the low of $51.14. That being said, the average price might revolve around the $69.53 mark.



Elrond Price Prediction 2024 – 2030



Price Prediction Potential Low ($) Average Price ($) Potential High ($) 2024 51.14 69.53 87.93 2025 65.99 92.08 118.18 2026 91.26 118.23 145.20 2027 120.20 142.01 163.83 2028 144.38 165.81 187.54 2029 179.66 195.36 211.06 2030 205.81 229.34 252.68



EGLD Price Prediction 2025



On the road to 2025, EGLD might concentrate on enhancing the scalability and interoperability of the platform. The price is expected to rise if the community succeeds in providing the requisite updates and developments.



It might even compete with other altcoin platforms in terms of transaction speeds. In such a scenario, EGLD’s price might soar to a maximum of $118.18.



Conversely, if the market continues to be volatile for a longer period, the currency may sink around the $65.99 mark. Nevertheless, constrained by linear momentum and the lack of any propelling events, EGLD’s price might settle at $92.08.



Elrond Crypto Price Prediction 2026



According to our analysts, EGLD Crypto Price for the year 2026 could range between $91.26 to $145.20, and the average price of Elrond could be around $118.23.



EGLD Price Prediction 2027



According to our analysts, EGLD Crypto Price for the year 2027 could range between $120.20 to $163.83, and the average price of Elrond could be around $142.01.



Elrond (EGLD) Price Prediction 2028



According to our analysts, the EGLD crypto price for the year 2028 could range between $144.38 and $187.34, and the average price of Elrond could be around $165.81.



EGLD Price Prediction 2029



According to our analysts, EGLD Crypto Price for the year 2029 could range between $179.66 to $211.06, and the average price of Elrond could be around $195.36.



Elrond Price Prediction 2030



According to our analysts, EGLD Crypto Price for the year 2030 could range between $205.81 to $252.68, and the average price of Elrond could be around $229.34.



Market Analysis



Firm Name 2024 2025 2030 Wallet Investor $3.154 $8.029 – priceprediction.net $71.46 $99.88 $628.13 DigitalCoinPrice $154.08 $227.19 $648.33



* We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.



CoinPedia’s Elrond Price Prediction 



Elrond price with certain variations might escalate higher if the community enters into strategic partnerships with certain projects.



As per CoinPedia’s formulated Elrond price prediction, the token may surge to a maximum of $87.93 by the end of 2024. That said, the digital asset falling prey to negativity could drag the price to $51.14.



Fundamental Analysis 



The network’s main aim is to eradicate drawbacks in some blockchain projects. Like full decentralization, cross-chain interoperability, robust security, and high scalability. The project specifies itself as a technology ecosystem for the new internet, including fintech and decentralized finance. Its native token, eGold or EGLD, is used for paying network fees and rewarding validators.



Founded by Beniamin Mincu, Lucian Mincu, and Lucian Todea. The platform encourages developers to build on it, providing 30% of the smart contract fees as royalties. The company also maintains a specified supply of ELGD tokens, which have been staked on its network since the first year. The validator nodes also receive a 36% annual rate.



What Is Elrond?



Elrond platform, being a blockchain protocol, seeks to provide fast and secure transaction speeds using sharding. The network’s smart contracts execution platform has the potential to handle 15,000 transactions per second. The Elrond blockchain has its own native token named eGold or EGLD.



Which is utilized to pay network fees, reward network validators, and staking. Elrond works on a Secure Proof-of-Stake consensus mechanism. In which the nodes must stake their EGLD tokens to participate in the validation process. According to its whitepaper, it intends to develop its ecosystem and establish Elrond as a store-of-value asset.



Historical Market Sentiments 2020 – 2022




Elrond entered the crypto space on September 5th with a trading value of $17.33. The price started to vary and dropped to $10.11 by the end of September. 



Further, the coin declined to as low as $7.83 by mid-October. Elrond escalated dramatically and hit $29.26 in December.  



EGLD entered the year 2021 with a trading value of $24.80. An upward trajectory helped Elrond rise to around $227 in April. The market crash on May 19th led to EGLD’s price drop from $239.45 to $59.45 on July 22nd, 2021. 



The price regained a bullish momentum in the month of September and hit a new ATH of $280.96 on the 14th.



The price skyrocketed to an ATH of $542.58 on 22nd November. However, bearish trends closed the year at $190.




CoinPedia has dedicated a team of expert analysts to cover the possible  crypto price prediction  and sum it all up in one place, just for you!



FAQs



Is Elrond using the  Proof of Work consensus algorithm? No, Elrond uses the Proof of Stake consensus algorithm. What makes Elrond a unique currency to others? Elrond is unique from other currencies as it is developer-friendly, secure,, and efficient. How high can the Elrond price reach by the end of 2024? With the bullish sentiments hovering the crypto space, the EGLD price is predicted to record a high of $87.93 by the end of the year 2024. Is Elrond a profitable investment? Yes, Elrond might be a profitable investment for the long term.  What will the maximum price of EGLD be by the end of 2025? Per our Elrond price prediction, the altcoin might soar to a maximum of $118.18 by the annual closure of 2025. With a potential surge, the price could reach a high of $252.68 by the year 2030. Where to trade Elrond? Elrond can be traded on popular exchanges like Binance, CoinDCX, EtoroX, OKEx, WazirX, and many more. What is the current value of EGLD? At the time of writing, the price of one Elrond was $42.36.



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