MultiversX (EGLD) price prediction 2024-2030

MultiversX (formerly Elrond) is a blockchain protocol designed for high scalability through a comprehensive approach to sharding. It aims to establish a robust technological ecosystem supporting the new Internet, integrating decentralized finance (DeFi), real-world assets, and the metaverse. The network’s governance and security are managed through its native token, EGLD, or Electronic Gold. This token serves multiple functions, storing value and enabling users to pay network fees. Additionally, EGLD functions as a governance token, allowing holders to participate in voting on critical network decisions.

Developers can use EGLD to deploy smart contracts, protocols, and decentralized applications (dApps) on the platform. It enables a broad range of network activities, from staking and validation rewards to transaction fees, helping maintain MultiversX’s infrastructure. In this EGLD price prediction, we look at the suitability of this token as an investment. Hence, if you plan to add this asset to your investment portfolio, reading this article will help you make a better-informed decision.

MultiversX (EGLD) overview

According to CoinMarketCap, EGLD was the 98th most valuable cryptocurrency by market capitalization as of October 25, 2024. The table below summarizes other relevant data for the same date.

MultiversX (EGLD) price history

Initially launched on September 4, 2020, EGLD hit the market at about $17.6. A little over a month after its launch, the token saw its all-time low of around $6.5 on October 6. A year later, EGLD reached an all-time high of $542.6 on November 23, 2021, following an intense surge in interest and market activity for blockchain projects focused on scalability.

In 2022, the EGLD value dropped significantly from about $245 at the start of the year to roughly $33 by the end of December, reflecting a general decline in the crypto market. By 2023, the token continued its downward trend, with prices falling from around $33 to approximately $24 by September.

The year 2024 brought some recovery, with EGLD reaching a high of $75.1 on March 14 before stabilizing around $24 by October. As of October 25, 2024, the EGLD price was about $25.5.

MultiversX (EGLD) price prediction

EGLD price prediction for 2024

What will the EGLD price be in the two remaining months of 2024? PricePrediction indicates an average EGLD price of $29 and a maximum of $30.3. CryptoNewsZ expects an average price of $30.2, with a potential maximum of $38.3, occurring most likely in December. DigitalCoinPrice predicts an average EGLD price of $50.9 within the next two months, with a possible maximum of $52.6. Note that the last prediction might be overoptimistic, but one cannot rule out the possibility of it happening. In such a case, an EGLD investment at the current $25.5 could increase its value by +106% this year.

EGLD price prediction for 2025

Next year, EGLD will trade at an average of $43.4 with a maximum of $48.7, according to PricePrediction. DigitalCoinPrice predicts an average price of $59.4 and a possible maximum of $62.2. CryptoNewsZ is more optimistic, indicating an average EGLD price of $54, with a maximum of $78.9. So, investing in EGLD at the current $25.5 per token could yield a +209% return next year.

EGLD price prediction for 2026

The EGLD price will continue to expand in 2026. According to PricePrediction, EGLD will trade at an average of $66.8, reaching a maximum of $74. DigitalCoinPrice predicts an average price of $84 and a potential maximum of $87. CryptoNewsZ forecasts a more optimistic scenario, with an average EGLD price of $90.7 and a maximum of $121.8, provided the crypto market maintains its bullish momentum. In such a case, an EGLD investment at the current $25.5 could increase its worth by +378% by 2026.

EGLD price prediction for 2030

The EGLD price will likely continue to grow in the long run, although sources differ by how much. DigitalCoinPrice expects an average price of $169.1 and a maximum of $178.5 in 2030. PricePrediction indicates an average price of $295 and a maximum of $331.9. CryptoNewsZ is more optimistic, predicting an average EGLD price of $310.4 and a maximum of $366.3. Hence, an EGLD investment at the current $25.5 per token could grow by +1,336% by 2030.

Conclusion

The price changes of the EGLD token since its inception illustrate its volatility, which is typical of high-capacity blockchain assets that aim to tackle scalability issues. Although the EGLD price has been low for more than two years, its volatile nature could lead to a significant resurgence, as most price predictions indicate.

FAQs

Is MultiversX (EGLD) a good investment?

The EGLD token might be a good investment. Price predictions picture a positive future for this crypto asset. However, it would be best to research this token thoroughly before investing.

How high can MultiverseX (EGLD) go?

According to PricePrediction, EGLD will trade at a maximum of $20,026 in 2040 and $25,080 in 2050.

Where can I get EGLD tokens?

You can get EGLD from LetsExchange.io at competitive rates.

Disclaimer

Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.