EGLD Price Forecast 2024-2030

EGLD peaked at $542.58 in November 2021. Our EGLD token price prediction by the end of 2024 is $200. According to our MultiversX Token Price Prediction for 2025, EGLD could trade at $285 at its peak.

MultiversX, formerly known as Elrond, is a decentralized blockchain platform with high transaction speeds and Scalability. The rebrand shifts the focus to the Metaverse. This means that MultiversX builds blockchain infrastructure for Metaverse projects and NFTs to build and scale more efficiently than ever before.

eGold (EGLD) is the native token used to secure the network through staking, but it is also the governance token that gives you voting rights for network upgrades and a utility token to pay transaction fees.

Our EGLD token price prediction weighs several factors that influence its price, such as macroeconomics, token utility and fundamentals, market hype, and technical analysis of its price chart.

EGLD Price Prediction Summary

• MultiversX Token (EGLD) was launched via ICO in 2019, raising $5.15 million.
• EGLD peaked at $542.58 in November 2021.
• Our EGLD token price prediction by the end of 2024 is $200.
• According to our 2025 MultiversX token price prediction, EGLD could trade at $285 at its peak.

MultiversX Price Prediction 2024-2030

• Our MultiversX token price prediction shows an average price of $116 in 2024.
• According to our EGLD price prediction, the token could reach as high as $200 by the end of 2024.
• Our technical analysis shows that the EGLD token will trade between $50 and $285 by 2025.
• MultiversX’s coin price prediction for 2030 points to potential highs of $520.

Year	Potential Low	Meal Average Budget	High Potential
2024	$32	$116	$200
2025	$50	$167	$285
2026	$40	$120	$200
2030	$194	$357	$520

EGLD Historical Price

EGLD is the native token of the MultiversX blockchain. It launched via an initial coin offering (ICO) in July 2019, raising $5.15 million on launch day. In 2020, EGLD reached its lowest price of $6.54. Since then, prices have slowly started to rise.

One year later, EGLD peaked at $238 in April 2021, before falling back to $54 two months later. This set the stage for a monster rally that saw EGLD trade at $542 in November 2021, reaching an all-time high. The price has since fallen, trading as low as $22 in September 2023.

Going into 2024, the price of EGLD increased slightly, surpassing the $50 price level. This works with MultiversX in partnership with Google BigQuery to provide easy access to blockchain data without the need for specialized software tools.

MultiversX Price History Highlights:

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

EGLD Price Prediction 2024

The price of EGLD rises above $50 in early 2024, which is a strong price level. This is likely to continue as major financial institutions are slowly piling up crypto in an SEC-approved spot Bitcoin ETF.

Although EGLD has no direct ties to Bitcoin, it could benefit from Bitcoin The halving event is estimated to occur sometime in April 2024. If past halvings are any indication, this is the year that cryptocurrencies begin another bull run.

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

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

• Gem Exchange, a peer-to-peer lending, liquidity, leveraged liquidity mining and NFT lending protocol launched on the MultiversX blockchain.
• Cyberpunk City This is a Metaverse game built in Unreal Engine 5, using the MetaversX infrastructure.
• DeFi Builder is a developer tool for anyone with no coding experience to build Web3 dApps.
• Knights of Card Athena is currently developing a turn-based multiplayer strategy game.

4/ AUResources

A pioneering company using blockchain technology to transform the precious metals market.

It enables producers to obtain financing and provides investors with early access to the gold market. Hatps://t.co/sk1up1g3n

— MultiversX (@MultiversX) February 8, 2024

Events like these help the ecosystem grow by connecting developers and investors . More events are expected to be held after 2024 to develop the MetaversX blockchain.

With all the positive catalysts in 2024, we see EGLD trading at higher prices, with an average price of around $116.

Coinpedia, on the other hand, is less optimistic, predicting that EGLD will trade at an average price of $69 in 2024.

EGLD Price Prediction 2025

If 2024 is as bullish as it looks, then 2025 could see prices cool down. BlackRock CEO expects the U.S. to enter a recession in 2025, and if that happens, the entire crypto space could be affected, including EGLD.

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

Given that EGLD is a utility token and the governance token of the MultiversX blockchain, it is likely to continue to be in high demand even during another bear market. Additionally, EGLD has a maximum supply of 30 million, which may make it scarce. This could set the stage for the next bull run.

Experts at CoinCodex believe that the price will vary widely in 2025, with a yearly low of $54.19 and a yearly high of $424.95.

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

There is no project roadmap to 2026 and beyond, which means any price predictions we make currently are pure speculation.

Between 2026 and 2030, we may see another bull-bear cycle in cryptocurrencies. This means that EGLD price may bounce between support and resistance levels. Given that MultiversX is a solid project with solid fundamentals, we will return to technical analysis to make price predictions.

EGLD has two major price levels, a breakout of the $100 level and prices between $100 and $200. Because of this, our EGLD price prediction shows that the token value will be trading as high as $200 by 2026, with a potential breakout of the previous highs of around $520 by 2030.

Experts at CryptoNewsZ have similar price targets, seeing EGLD trading between $96 in 2026 and $366 in 2030.

Potential Highs and Lows for EGLD Token Price

EGLD is the native token of the MultiversX blockchain. The blockchain is designed to be faster than Ethereum and other blockchains and offer cheaper transaction fees, which will make building decentralized finance and multiverse gaming applications seamless.

However, this is not a new coin. Since going public in 2019, EGLD has experienced one bull market and two bear markets, trading between $6.54 and $542. At the time of writing, EGLD is trading at around $54, which means there's plenty of room to grow, to at least 50% of its all-time high. This time, blockchain is more mature, with a growing user and developer base.

With 2024 potentially being a bullish year for the cryptocurrency space, here are our predictions for EGLD price between 2024 and 2030:

year	low potential	average meal budget	high potential
2024	$32	$116	$200
2025	$50	$167	$285
2026	$40	$120	$200
2030	$194	$357	$520

What are other analysts predicting for the MultiversX token?

EGLD price predictions vary from expert to expert. To compare multiple perspectives, we’ve gathered price predictions from some of the most prominent experts in the field to give you a rough idea of ​​where MultiversX’s native coin will be headed in the coming years.

Changelly experts believe that EGLD will change hands in 2024 for between $50 and $85. By December 2025, they expect EGLD to peak at $131.

Price prediction from CoinCodex Between 2025 and 2030, the price of EGLD ranges from $54 to $526.

Coinpedia experts predict that EGLD will trade between $51 and $87 in 2024, while by 2025, the price will fluctuate between $65 and $118. EGLD peak should occur in 2030, with the coin trading at $252.

Crypto expert PricePrediction.net’s 2024 EGLD price prediction is between $62 and $74, and the 2030 EGLD price prediction is between $589 and $680, which is the most optimistic price prediction to date.

On the other hand, CoinLore experts predict that EGLD will trade at a price as high as $278 by 2030.

What is MultiversX (EGLD) and what is it used for?

MultiversX is a mature blockchain that supports smart contracts. It was previously known as Elrond, but its name change to MultiversX in 2022 shows a clear focus that this blockchain aims to build the metaverse.

This is not surprising as its transaction cost is approximately $0,002 and the maximum recorded transactions per second (TPS) is 263,000. By comparison, Solana’s theoretical TPS is 65,000.

The core is the EGLD token. This is a governance token – meaning holders can vote for major decisions – and a utility token for users to pay transaction fees using EGLD. Best of all, you can stake EGLD and earn rewards while securing 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 increase prices compared to coins and tokens with supply in the billions or more.

MultiversX (EGLD) Overview

Cryptocurrency	Multiverse
Stock Ticker	EGLD’s
行	52
Price change 24H	1.05%
Market value	1.45 billion US dollars
Circulating supply	26.5 million
24-hour trading volume	33 million US dollars
Historical high	$542.58
Historical Low	$6.54

##What affects the price of EGLD?

The price of EGLD is affected by a variety of factors, including macroeconomics and interest rates, market hype and sentiment (such as bull/bear market cycles), as well as the project itself and its growth and development.

The latter may have the biggest impact on the price of EGLD, as it has a limited total supply of only 30 million coins, and if the project grows, users will need to purchase more and more EGLD to pay transaction fees.

Is MultiversX (EGLD) a buy?

EGLD is currently trading around $54, compared to its all-time high of $542. This means that EGLD has greater room for growth. Currently, its main resistance lies at $100, which means EGLD has a chance to at least 2x higher before trying to break above that level.

Additionally, multiple projects have been launched on MultiversX and are likely to grow, providing a strong foundation for the project. If you wanted to buy EGLD while it was trading at $200 or higher, it might be worth buying it at a significant discount. Especially if 2024 proves to be a bullish year for cryptocurrencies, as many crypto investors believe it will.

Conclusion

EGLD is the governance and utility token of the MultiversX blockchain. It has a limited supply of only 30 million coins, making it potentially highly valuable at the start of a bull market.

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