MultiversX Price Prediction 2024 2025 2030 2040 & EGLD Forecast

MultiversX, previously known as Elrond, is a blockchain platform that focuses on creating a scalable and efficient digital ecosystem for the metaverse, decentralized finance (DeFi), and Web3 technologies. The platform employs Adaptive State Sharding and a Secure Proof of Stake (SPoS) consensus mechanism to achieve high throughput and low latency, making it capable of processing thousands of transactions per second. 

With the rebranding from Elrond to MultiversX in November 2022, the project broadened its scope to encompass a wider array of digital experiences. MultiversX aims to be more than just a blockchain; it aspires to be the backbone of a vibrant metaverse, enabling seamless interactions, digital asset creation, and secure value transfer within this new digital frontier. The platform supports smart contracts, NFTs, and decentralized applications (dApps), fostering innovation and creativity across different sectors.

Key features of MultiversX include its user-friendly Maiar Wallet, which simplifies crypto transactions and staking, and its robust developer tools that facilitate the creation of complex dApps. The platform also emphasizes security and interoperability, ensuring that users' digital assets are protected while being easily transferable across different blockchain networks. By focusing on these areas, MultiversX aims to drive mass adoption of blockchain technology and establish itself as a leader in the evolving landscape of digital assets and the metaverse.

EGLD is the project's own cryptocurrency. It is used to pay network fees, stakes, and reward validators.

EGLD statistics

Let's take a look at the information provided by Coinmarketcap.com:

Elrond Roadmap

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

Here is what crypto experts think about the coin's future.

EGLD Price Prediction 2024

In 2024, Beincrypto expects the cryptocurrecy’s price to reach $35.40.

According to SwapSpace, the average price of the asset could be $52.48362685.

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. AfterEGLD 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.