EGLD Price Prediction 2024, 2025, 2026 – 2030

MultiversX, formerly Elrond, is a decentralized blockchain platform with high transaction speed and is highly scalable. The rebranding shifted the focus towards the metaverse. This means, MultiversX builds the blockchain infrastructure for metaverse projects and NFTs to build and scale more efficiently than ever before.

eGold (EGLD) is the native coin that is used to secure the network via staking, but it’s also the governance coin that gives you voting rights on network upgrades and the utility coin for paying transaction fees.

Our EGLD token price prediction weighs in several factors that affect its price, such as macroeconomics, coin utility and fundamentals, market hype and technical analysis of its price charts.

MultiversX Price Prediction 2024-2030

• Our MultiversX token price forecast sees an average price of $116 for 2024.
• Based on our EGLD price prediction, the token could go as high as $200 by the end of 2024.
• Our technical analysis sees the EGLD token trading between $50 and $285 in 2025.
• The MultiversX token price prediction for 2030 points to a potential $520 high.

EGLD Price History

EGLD is the native coin of the MultiversX blockchain. It was launched in July 2019 via an initial coin offering (ICO) where it raised $5.15 million on launch day. In 2020, EGLD reached its lowest price of $6.54. Since then, the price slowly started to go up.

One year later, EGLD reached a peak at $238 in April 2021 before retreating to $54 two months later. This set the stage for the monster rally that saw EGLD trade at $542 in November 2021, reaching its all-time high. After that, the price started to drop, trading as low as $22 in September 2023.

Leading into 2024, EGLD saw a slight price increase, breaking above the $50 price level. This coincides with the MultiversX partnership with Google BigQuery, which gives easy access to blockchain data without dedicated software tools.

MultiversX price history key points:

• EGLD launched in the summer of 2019 via an ICO.
• It peaked in November 2023 at $542.
• The lowest price since launch was $6.54 in October 2020.
• EGLD has a market cap of $1.5 billion from 26.5 million tokens in circulating supply.

EGLD Price Prediction 2024

EGLD has seen its price move above $50 in early 2024, which is a strong price level. This is likely to hold as major financial institutions are slowly stacking cryptocurrencies after the SEC approved spot Bitcoin ETFs.

Even though EGLD is not directly linked to Bitcoin, it will likely benefit from Bitcoin’s halving event which is estimated to happen sometime in April of 2024. If past halvings are any indication, this is a year when another bull run starts in crypto.

As for the MultiversX project itself, a lot is going on in 2024. Given that this is a standalone blockchain, many projects are constantly building their smart contracts and releasing new dApps.

For example, during Startup Demo Day, 11 teams joined with their projects, including:

• JewelSwap, a peer-to-peer lending, liquidity, leveraged yield farming and NFT lending protocol is live on the MultiversX blockchain.
• Cyberpunk City, a metaverse game built in Unreal Engine 5, is using MetaversX infrastructure.
• DeFi Builder is a developer tool for anyone with no coding experience to build Web3 dApps.
• Cathena Knights, a turn-based multiplayer strategy game is being currently built.

4/ AUResources

A pioneering venture that leverages blockchain technology to transform the precious metals market.

It allows producers to secure financing and offers investors early access to the gold market.https://t.co/sk1UpY1G3N

— MultiversX | Sovereign Chains (@MultiversX) February 8, 2024

Such events help the ecosystem grow by connecting developers and investors. More events are expected beyond 2024 to grow the MetaversX blockchain.

Because of all the positive catalysts lining up in 2024, we see EGLD trade higher at an average price of around $116.

Coinpedia, on the other hand, is less optimistic and sees EGLD trading at an average price of $69 in 2024.

EGLD Price Prediction 2025

If 2024 is as bullish as it seems it will be, 2025 could see a cooling off in prices. BlackRock’s CEO sees the US entering a recession in 2025, and if it happens, the entire crypto space is likely to suffer, including EGLD.

Because of that, EGLD is likely to peak at $285 early in the year before slowly dropping back to $50 by the end of 2025. This doesn’t mean the project will die. With good fundamentals, MultiversX could see rapid growth in its user base during this time.

Given that EGLD is the utility token, as well as the governance token for the MultiversX blockchain, it’s likely to continuously have high demand even during another bear market. Moreover, the maximum supply of EGLD is 30 million, which could make it scarce. This is likely to set it up for the next bull run.

Experts at CoinCodex see a high price discrepancy in 2025 where the yearly low is set at $54.19 and the yearly high at $424.95.

EGLD Token Price Forecast Long-Term Outlook – 2026-2030 Predictions

There’s no project roadmap into 2026 and beyond, meaning any price prediction we make at this point is pure speculation.

Between 2026 and 2030, we are likely to see another bull/bear cycle in crypto. This means the EGLD price is likely to bounce between support and resistance levels. Given that MultiversX is a solid project with strong foundations, we’ll revert to technical analysis to make a price prediction.

EGLD has two major price levels where a break of the $100 level, puts the price between $100 and $200. Because of that, our EGLD price prediction sees the coin value trade as high as $200 in 2026 with the potential to break the previous top around $520 by 2030.

Experts at CryptoNewsZ have a similar price target where they see EGLD trading between $96 in 2026 to $366 by 2030.

Potential Highs & Lows of EGLD Token Price

EGLD is the native coin of the MultiversX blockchain. This blockchain is designed to be faster than Ethereum and other blockchains and provide cheaper transaction fees that will make building decentralized finance and multiverse gaming applications seamless.

This isn’t a new token, however. Being on the markets since 2019, EGLD already saw one bull market and two bear markets, trading between $6.54 and $542. EGLD trades around $54 as of this writing, meaning there is a lot of room to grow to reach at least 50% of its all-time high. And this time, the blockchain is more mature with a growing user and developer base.

Because there is a potential that 2024 will be a bullish year for the crypto space, these are our EGLD price predictions between 2024 and 2030:

What do Other Analysts Predict for MultiversX Token?

EGLD price predictions vary from expert to expert. To compare multiple views, we collected price predictions from some of the most prominent experts in the field to give you an overview of MultiversX’s native coin direction in the following years.

What is MultiversX (EGLD) and What is it Used for?

MultiversX is a fully-fledged blockchain that supports smart contracts. It was formerly known as Elrond, but the rebranding to MultiversX in 2022 showed a clear focus that this blockchain is designed to build the metaverse.

And that’s not surprising, given its transaction costs stand around $0,002 with the maximum transactions per second (TPS) recorded being 263,000. For comparison, Solana has a theoretical TPS of 65,000.

At its core is the EGLD token. This is the governance token – meaning holders can vote for major decisions – and the utility token where users pay transaction fees with EGLD. On top of it, you can stake EGLD and earn rewards while you secure the blockchain.

Similar to Bitcoin, which has a total supply of 21 million, EGLD is limited to 30 million coins. This makes it easier to grow in price compared to coins and tokens that have a supply of billions or more.

MultiversX (EGLD) Overview

What Influences the Price of EGLD?

The price of EGLD is influenced by multiple factors, including macroeconomics and interest rates, market hype and sentiment like bull/bear cycles, as well as the project itself and its growth and development.

The latter probably influences the price of EGLD the most as it has a limited supply of 30 million coins in total, and if the project grows, users will need to buy more and more EGLD to pay their transaction fees.

Is MultiversX (EGLD) a Buy?

EGLD is currently trading at a major discount of around $54 compared to its all-time high of $542. This means, EGLD has more room to grow. Currently, its major resistance level lies at $100, meaning EGLD has at least a chance to 2x before it attempts to break that level.

Also, multiple projects have launched on MultiversX and this is likely to grow, giving strong fundamentals to this project. If you wanted to buy EGLD when it was trading at $200 or more, then buying at a significant discount could be worth it. Especially if 2024 turns out to be a bullish year for crypto as a lot of crypto investors believe it will be.

Best Place To Buy MultiversX (EGLD) In 2024

PrimeXBT is currently the best CFD provider where you can buy EGLD in 2024. The platform is trusted by over 1 million users from over 150 countries where you can buy and trade cryptocurrencies, crypto futures as well as other CFD assets including forex, commodities and indices.

Aside from standard purchase, you can also trade EGLD futures with up to 10x leverage. This means with $1,000 you can purchase $10,000 worth of EGLD. This comes with higher rewards but it can also cause higher losses, which is why this feature is reserved for more experienced traders.

PrimeXBT has some of the lowest crypto trading fees. For EGLD, you’ll pay 0.01% for market making (you set limit order) or 0.02% for market taking (you set market order). This is in line with some of the largest crypto exchanges. 

As a PrimeXBT user, you get access to a top-notch web-based trading platform where you trade all CFD assets from a single dashboard. For those interested in trading on the go, the mobile app for iOS and Android devices doesn’t disappoint.

CFD crypto traders will find PrimeXBT a fully-fledged CFD crypto trading platform with tons of features and a variety of supported assets. Follow the link below to give PrimeXBT a go today.

Conclusion

EGLD is the governance and utility token of the MultiversX blockchain. It has a limited supply of 30 million coins, which gives it a potentially high value when the bull market starts.

However, make sure to do your due diligence before you invest in any cryptocurrency. Also, make sure to compare the best cryptocurrencies to buy to find the right fit for your financial needs.

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