Elrond is a blockchain that provides users with two innovations: the Adaptive State Sharding mechanism and the Secure Proof of Stake (SPoS) algorithm. Due to sharding the scalability of the network increases as new nodes are added to it.
The main purpose of creating a distributed Elrond network is to change the structure of the World Wide Web, to provide a higher level of social scalability. EGLD is the project’s own cryptocurrency. It is used to pay network fees, stakes, and reward validators.
Let’s take a look at the information provided by Coinmarketcap.com (as of 05/08/2021):
- EGLD price: $103.43
- Market capitalization: $1,942,266,013
- Volume (24h): $168,178,878
- Circulating supply: 19,243,926.09 EGLD
- Total supply: 22,186,914 EGLD
- 24 Hour High: $109.83
- 24 Hour Low: $100.11
The development of the Elrond crypto project began in 2017. The announcement took place at the end of 2017 by brothers Beniamin and Lucian Minku, along with Lucian Todea. They decided to find a solution to the blockchain scalability problem which, in their opinion, was the most urgent in the cryptocurrency industry at that time. Thus, this project has been on the market for over 3 years.
At the moment, on the official website of the project the roadmap is scheduled until the second quarter of 2021, the team’s plans for the future are unknown.
On March 1, 2021, the development team posted on their blog an article about the future launch of the DeFi 2.0 module. DeFi 2.0 module built on the basis of Elrond. This development completely redefines banking. The module provides a simpler digital solution for each problem fully automating the process.
Crypto community about EGLD
A crypto trader from New Zealand, Lark Davis, called Elrond one of the 5 most promising coins. And he added: “The Elrond DeFi 2.0 module definitely is a very ambitious launch in terms of functionality.”
Many crypto enthusiasts are happy to share their positive impressions of the project and the EGLD coin, as well as the price forecast for the future of this cryptocurrency.
Of course, not all crypto enthusiasts believe in the future of the project and see the point in investing in this cryptocurrency, since such crypto giants as Bitcoin or Ethereum are more important for them.
EGLD price prediction 2021
Based on the information provided by the Traidingbeasts service, we can see the following Elrond price prediction 2021 (as of 05/08/2021):
Minimum EGLD price for 2021: $71.977
Maximum EGLD price for 2021: $122.772
Average EGLD price for 2021: $92.499
Year-end EGLD price predictions 2021:
Minimum expected: $71.977
Maximum expected: $105.849
Average expected: $84.679
The Walletinvestor service will offer the following EGLD price prediction 2021 (as of 05/08/2021):
Minimum EGLD price for 2021: $37.546
Maximum EGLD price for 2021: $211.204
Average EGLD price for 2021: $124.04
Year-end EGLD price predictions 2021:
Minimum expected: $73.41
Maximum expected: $211.204
Average expected: $142.65
Experts of the Digitalcoinprice service provide such information about the Elrond price forecast 2021 (as of 05/08/2021):
Average EGLD price 2021: $149.35
Average year-end EGLD price expected: $147.26
EGLD price prediction 2022
Analysts at Traidingbeasts believe the EGLD coin could reach $225.22 by the end of 2022.
Experts of the Walletinvestor service make the most optimistic forecast for the EGLD price, they predict that in December 2022 the price for one coin could be $364.83.
And the Digitalcoinprice service makes the following forecast – the maximum price at the end of 2022 is $210.52.
EGLD price prediction 2023
Judging by the forecasts of the services Traidingbeasts, Walletinvestor and Digitalcoinprice, the fate of the EGLD cryptocurrency will be successful and by the end of 2023 the price for one coin can range from $205 to $508.
EGLD price prediction 2025
Walletinvestor analysts estimate that by the end of 2025 the price of the EGLD coin could reach approximately $800.
And experts of the Digitalcoinprice service, in turn, make less optimistic statements, they predict the growth of the EGLD price in 2025 to $368.
EGLD price prediction 2030
The Cryptocurrencypriceprediction service predicts that in 2030 the price of the EGLD coin will be approximately $4,000 at the end of the year.
Historical EGLD price analysis
All Time High: $245.56 (Apr 12, 2021)
All Time Low: $6.80 (Oct 20, 2020)
After the old ERD tokens began to be exchanged for the new EGLD in September 2020, the price for the EGLD token started at $11. Until November 2020, the price remained at the same level, then it began to grow gradually. And already in February 2021, the price of the EGLD coin reached $200. The correction was observed until April at the level of $130-150 per coin, after which the price began to rise again and reached its all-time high of $245.56. Within a month, the coin price dropped to $140 and soon began to rise again. After
EGLD reached $199, the price began to decline gradually and until today it has fluctuated between $100 and $120.
The EGLD cryptocurrency has great prospects. The project has not only an interesting idea, but also a fundamentally new technological approach to solving a number of important problems. That is why it is worth following the development of Elrond and its constant updates.
SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.