MultiversX (EGLD) Price Prediction 2023-2030: Will EGLD Price Hit $100 Soon?

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  • The bullish EGLD price prediction ranges from $75.73 to $79.61.
  • EGLD price might also reach $84.58 in 2023.
  • EGLD’s bearish market price prediction for 2023 is $14.04.

MultiversX, formerly known as Elrond, is a blockchain protocol that utilizes sharding to provide incredibly fast transaction rates. The project identifies itself as a technology ecosystem for the future Internet, including fintech, decentralized finance, and the Internet of Things. Its infrastructure for executing smart contracts supposedly supports 15,000 transactions per second, six-second latency, and a transaction cost of $0.001.

The native token of the blockchain is called Electronic Gold (EGLD), which is utilized for paying network fees, staking, and rewarding validators. By holding and staking EGLD, users have the ability to cast votes on network enhancements and are rewarded with freshly minted EGLD in proportion to the amount staked.

Let’s now take a detailed look at MultiversX’s operations and its native token, EGLD. Moreover, this article will conduct a comprehensive analysis of EGLD and forecast the price for 2023, 2024, 2025, 2026, and until 2050.

MultiversX (EGLD) Market Overview

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What Is MultiversX (EGLD)?

MultiversX, formerly known as Elrond,  is a blockchain protocol that utilizes sharding to provide incredibly fast transaction rates. The project identifies itself as a technology ecosystem for the future Internet, including fintech, decentralized finance, and the Internet of Things. Its infrastructure for executing smart contracts supposedly supports 15,000 transactions per second, six-second latency, and a transaction cost of $0.001. The native token of the blockchain is called Electronic Gold (EGLD), which is utilized for paying network fees, staking, and rewarding validators.

MutliversX promotes itself as a blockchain-based platform for the new Internet economy, decentralized applications, and enterprise applications. It is the first blockchain network to include state, network, and transaction sharding. Its primary selling point is its tremendous scalability. According to its whitepaper, the company intends to develop its ecosystem and create EGLD as a store of value.

MultiverX has integrated a secure proof-of-stake consensus algorithm, in which nodes must stake their EGLD tokens to take part in the validation process. Each validator is also given a rating score based on their past actions, which affects whether or not they are chosen. If a validator’s score gets too low, it won’t be chosen and will have to pay fines. Validators can also be kicked off the network and have their stakes cut if they keep doing things that hurt the network’s integrity.

Validators are chosen at random in a way that can’t be predicted or changed based on the previous round of validations. Also, validators are shuffled around between shards regularly to prevent collusion. Nodes communicate to each other using modified Boneh-Lynn-Shacham, or BLS, multi-signatures for strong cryptographic protection.

Analysts’ Views on MultiversX (EGLD)

The co-founder of MultiversX Beniamin Mincu announced that MultiversX has accomplished another feather in a hat in their list. Mincu claimed that the first NFT transaction involving an EU governmental institution has occurred. Moreover, Mincu pointed out that this could be a historic precedent for other institutions, states, and companies.

This latest announcement follows a series of achievements for EGLD. It marks an important milestone in building a highly performant, scalable, and secure technology backbone that enables radically new applications for users, businesses, society, and the new metaverse frontier.

According to another crypto analyst, Strong on Twitter mentioned that the market is in the depression moment where a lot of investors and traders are going out from the market. But sooner after they leave, the market will lead to a bull run according to the psychology of the market. He even compared it with the Elrond chart, where we can clearly see the market state of Elrond.

MultiversX (EGLD) Current Market Status

EGLD is ranked in the 48 position based on its market capitalization, according to CoinMarketCap. The current circulating supply of EGLD’s native token is 26,206,298 EGLD, while its total supply is 26,211,450 EGLD. 

Moreover, EGLD is priced at $46.24, experiencing an 8.88% surge in seven days. With a market cap of $1,212,390,891, EGLD also witnessed a 3.22% spike in 24 hours. Moreover, EGLD is currently facing a fall in demand as the trading volume, valued at $71,306,943, experienced a tumble of 4.29% in one day.

Some of the crypto exchanges for trading EGLD are currently Binance, OKX, ByBit, Kraken, and KuCoin. 

Now, let’s dive further and discuss the price analysis of the MultiversX native token, EGLD, for 2023.

MultiversX (EGLD) Price Analysis 2023

Will MultiversX’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the crypto industry affect EGLD’s sentiment over time? Read more to find out about EGLD’s 2023 price analysis.

MultiversX (EGLD) Price Analysis – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

EGLD/USDT 1-Day Chart Showing Bollinger Bands (Source: TradingView)

The candlesticks already have long green candlesticks, which pushed the altcoin into the top-half of the Bollinger Bands. Moreover, the green candlesticks that were formed kept hugging the upper bands, which is often viewed as a signal of overbuying activity. The formation of long green candlesticks stretched the Bollinger Bands, further highlighting that the volatility of the market is high. 

MultiversX (EGLD) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered an overbought region, and traders expect the price to fall soon.

EGLD/USDT 1-Day Chart (Source: TradingView)

The RSI is currently valued at 69.11 after falling from the 80 level. It can be clearly seen that the mountain peak was formed in the overbought region, which signaled the presence of a huge number of buyers in the market. However, recently, the RSI fell below the SMA, signaling a possible bearish sentiment in the future. Further RSI movements need to be formed before deciding whether prices will fall or surge.

MultiversX (EGLD) Price Analysis – Moving Averages Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at the 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role, as it can confirm trends and identify potential reversals.

EGLD/USDT 1-Day Chart (Source: TradingView)

Over the short-term period, it seems that bullish sentiment still persists in the market, as signaled by the MACD indicator. The green bars in the histogram point out that bulls may still have the power; however, those bars are reducing, which could point out that the trend may be getting over soon. The MACD line’s distance from the signal line has reduced, which could point out that bullish sentiment could end soon.

MultiversX (EGLD) Price Prediction 2023

EGLD/USDT 1-Day Chart (Source: TradingView)

Looking at the candlesticks, EGLD had earlier experienced a massive surge, especially on November 5, as a long green candle was formed that day. Moreover, looking at the charts, it seems that the presence of the green candlesticks was highly influenced by the large amount of accumulation taking place in the market. EGLD could confirm its current level by forming a continuous price action. The bull vs. bear indicator also highlights that the buying volume is greater than the selling volume. If the accumulation and purchase of the altcoin continue, EGLD could break beyond the $53 level. 

Meanwhile, the price prediction of EGLD for 2023 remains bullish and is expected to reach beyond the level of $75.73. The bearish price prediction range for EGLD is between $14.04 and $10.90. EGLD’s price could also reach $84.58 if it experiences extremely bullish sentiment.

Bullish Price PredictionBearish Price Prediction

MultiversX (EGLD) Price Prediction – Resistance and Support

EGLD/USDT 1-Day Chart (Source: TradingView)

After staying above the 0.786 Fib level during the bull season, the candlesticks started to fall and finally reached the region below the 0.236 Fib level. The candlesticks then once again climbed and struggled to stay above the 4/1 Gann Fan level. After conducting the analysis, the candlesticks have the opportunity to break above several resistance levels in the future and finally recover from their fall in the past.

MultiversX (EGLD) Price Prediction 2024

The MultiversX (EGLD) price can rise to incredible heights, peaking at $90. This is only feasible if the market continues its upward path and only if EGLD breaks through the past psychological resistance levels. Moreover, investors’ optimism could play a key factor this year, as everyone will be closely waiting for the BTC halving event.

MonthMinimum PriceAverage PriceMaximum Price
January 202474.17575.20075.223
February 202477.67878.09078.211
March 202477.81778.42178.572
April 202478.56379.14279.685
May 202479.16980.49081.250
June 202480.36782.59083.413
July 202482.27183.39285.992
August 202484.70185.88186.003
September 202485.34986.17386.361
October 202486.04386.83387.551
November 202487.32587.35087.371
December 202490.52090.64090.700

MultiversX (EGLD) Price Prediction 2025

EGLD could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, EGLD will continue to rise in 2025, forming new resistance levels. It is expected that EGLD will trade beyond the $126 level.

MonthMinimum PriceAverage PriceMaximum Price
January 202592.27992.30092.323
February 202594.99095.29095.319
March 202598.86099.11099.170
April 2025100.830100.950100.973
May 2025103.729103.750103.771
June 2025107.627107.650107.710
July 2025110.575110.600110.623
August 2025113.078113.590113.611
September 2025116.569116.590116.650
October 2025118.767118.790118.813
November 2025122.725122.750122.771
December 2025125.920126.040126.100

MultiversX (EGLD) Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, EGLD could tumble into its support region of $136. Moreover, when EGLD remains in the oversold region, there could be a price correction soon. EGLD, by the end of 2026, could be trading beyond the $161 resistance level after experiencing the price correction.

MonthMinimum PriceAverage PriceMaximum Price
January 2026127.979128.000128.023
February 2026130.690130.990131.019
March 2026134.560134.810134.870
April 2026136.530136.650136.673
May 2026139.429139.450139.471
June 2026143.327143.350143.410
July 2026146.275146.300146.323
August 2026148.778149.290149.311
September 2026152.269152.290152.350
October 2026154.467154.490154.513
November 2026158.425158.450158.471
December 2026161.620161.740161.800

MultiversX (EGLD) Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears’ claw. EGLD is expected to rise after its slumber in the bear season. Moreover, EGLD could even break more resistance levels as it continues to recover from the bearish run. Therefore, EGLD is expected to trade at $205 by the end of 2027.

MonthMinimum PriceAverage PriceMaximum Price
January 2027162.979163.000163.023
February 2027167.690167.990168.019
March 2027171.560171.810171.870
April 2027176.530176.650176.673
May 2027179.429179.450179.471
June 2027183.327183.350183.410
July 2027188.275188.300188.323
August 2027190.778191.290191.311
September 2027194.269194.290194.350
October 2027198.467198.490198.513
November 2027202.425202.450202.471
December 2027205.620205.740205.800

MultiversX (EGLD) Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be a Bitcoin halving. Like many altcoins, EGLD will continue to form new higher highs and is expected to move on an upward trajectory. Hence, EGLD would be trading at $251.80 after experiencing a massive surge by the end of 2028. 

MonthMinimum PriceAverage PriceMaximum Price
January 2028208.979209.000209.023
February 2028213.690213.990214.019
March 2028217.560217.810217.870
April 2028222.530222.650222.673
May 2028225.429225.450225.471
June 2028229.327229.350229.410
July 2028234.275234.300234.323
August 2028236.778237.290237.311
September 2028240.269240.290240.350
October 2028244.467244.490244.513
November 2028248.425248.450248.471
December 2028251.620251.740251.800

MultiversX (EGLD) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, MINA could be trading at $298.10 by the end of 2029.

MonthMinimum PriceAverage PriceMaximum Price
January 2029255.279255.300255.323
February 2029259.990260.290260.319
March 2029263.860264.110264.170
April 2029268.830268.950268.973
May 2029271.729271.750271.771
June 2029275.627275.650275.710
July 2029280.575280.600280.623
August 2029283.078283.590283.611
September 2029286.569286.590286.650
October 2029290.767290.790290.813
November 2029294.725294.750294.771
December 2029297.920298.040298.100

MultiversX (EGLD) Price Prediction 2030

After witnessing a bullish run in the market, MINA and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, MINA could be trading at $347.68.

MonthMinimum PriceAverage PriceMaximum Price
January 2030304.859304.880304.903
February 2030309.570309.870309.899
March 2030313.440313.690313.750
April 2030318.410318.530318.553
May 2030321.309321.330321.351
June 2030325.207325.230325.290
July 2030330.155330.180330.203
August 2030332.658333.170333.191
September 2030336.149336.170336.230
October 2030340.347340.370340.393
November 2030344.305344.330344.351
December 2030347.500347.620347.680

MultiversX (EGLD) Price Prediction 2040

According to our long-term MultiversX price estimate, EGLD prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $720 by 2040. If the market turns bullish, the price of MultiversX could go up beyond what we predicted for 2040.

Minimum PriceAverage PriceMaximum Price

MultiversX (EGLD) Price Prediction 2050

According to our MultiversX forecast, the average price of EGLD in 2050 might be above $1580. If more investors are drawn to MultiversX between these years, the price of MultiversX in 2050 could be far higher than our projection.

Minimum PriceAverage PriceMaximum Price


EGLD has been on the watch-out list of many investors as it aims to make its mark in the blockchain industry. If investors continue to show interest in EGLD and add these tokens to their portfolio, then it could continue to rise. EGLD’s bullish price prediction shows that it could pass beyond the $79.61 level. Moreover, EGLD could surpass the $1580 level by the end of 2050. 


What Is MultiversX (EGLD)?

MultiversX, formerly known as Elrond,  is a blockchain protocol that utilizes sharding to provide incredibly fast transaction rates. The project identifies itself as a technology ecosystem for the future Internet, including fintech, decentralized finance, and the Internet of Things.

How to buy EGLD tokens?

Like other digital assets in the crypto world, EGLD can be traded on many exchanges. Binance, OKX, Deepcoin, BingX, and Bybit are currently the most popular cryptocurrency exchanges for trading EGLD.

Will EGLD surpass its current ATH?

Since EGLD provides investors with several opportunities to profit from their crypto holdings, EGLD seems to be a really good investment in 2023. At the same time, EGLD has a high possibility of surpassing its current ATH in 2029.

Can EGLD reach $100 soon?

In terms of active crypto assets, EGLD is one of the few that continues to rise in value. As long as this bullish trend continues, EGLD might break through $68 and reach as high as $100. Of course, if the current market favoring crypto continues, this is extremely likely to happen.

Is EGLD a good investment in 2023?

As one of the fastest-rising cryptocurrencies, EGLD is expected to continue its upward trend. We may also conclude that EGLD is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.

What Is the lowest price of EGLD?

The lowest EGLD price is $6.54, which was attained on October 7, 2020, according to CoinMarketCap.

Which year was EGLD launched?

EGLD was launched in October 2017.

Who are the co-founders of EGLD?

Beniamin and Lucian Mincu founded EGLD.

What is the maximum supply of EGLD?

The maximum supply of EGLD is 31,415,926 EGLD.

How do I store EGLD?

EGLD can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the EGLD price in 2023?

EGLD is expected to reach $75 by 2023.

What will be the EGLD price in 2024?

EGLD is expected to reach $90 by 2024.

What will be the EGLD price in 2025?

EGLD is expected to reach $126 by 2025.

What will be the EGLD price in 2026?

EGLD is expected to reach $161 by 2026.

What will be the EGLD price in 2027?

EGLD is expected to reach $205 by 2027.

What will be the EGLD price in 2028?

EGLD is expected to reach $251 by 2028.

What will be the EGLD price in 2029?

EGLD is expected to reach $298 by 2029.

What will be the EGLD price in 2030?

EGLD is expected to reach $347 by 2030.

What will be the Elrond price in 2040?

EGLD is expected to reach $720 by 2040.

What will be the Elrond price in 2050?

EGLD is expected to reach $1580 by 2050.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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