What Is the Elrond Price Prediction Today
AT A GLANCE
- In 2024, Elrond price is expected to reach $79.50139161998439, according to some experts
- 2025 promises to be turbulent, with prices ranging from $1.3600879614218115 to $97.143, with WalletInvestor predicting a breakthrough leading to a price rise to $97.143
- By 2030, EGLD price can hit $79.50139161998439
Elrond Fundamental Analysis
Project name
Elrond
Stock Symbol
EGLD
Current Price
42.50274879443164
Current Supply
26867173
Official Website
Elrond (eGold, EGLD) is a native utility token powering Elrond — a platform offering very fast transactions through the use of Adaptive State Sharding. It builds on the concepts introduced by some blockchain networks like Algorand, bringing innovative features into the mix. Elrond was founded in 2017.
Elrond’s purpose, as often is the case in the blockchain space, is to offer an optimal solution for the blockchain trilemma: providing scalability while keeping the network secure and decentralized. One of the more promising ways to achieve this is sharding, a technique first used in traditional databases. It entails splitting the database into interconnected pieces, or shards, which can be processed simultaneously, thus speeding up the work. Blockchain can utilize three types of sharding: network, transaction, and state sharding, all of which come with their challenges. Elrond uses all three types, which makes this network especially fast.
Another innovation pioneered by Elrond is the Secure Proof-of-Stake consensus mechanism (SPoS), which is an improvement on the original Proof-of-Stake. In SPoS, the block proposer node is selected randomly, making it unpredictable and therefore hard to tamper with. Also, validator nodes are chosen not only based on their stake but also taking into account their rating — a history of the node’s behavior.
Elrond coin — eGold — is used for staking, transaction fees, other payments like the smart contract fees, and is a primary medium of exchange on the platform. EGLD token holders will also be eligible to claim Elrond MEX — the token that will be distributed to the users of Maiar Exchange, a DEX that is a part of the Elrond ecosystem.
Elrond Live Price Chart
Elrond price rose spectacularly in the first months of 2021: it was trading at ~$25 around New Year’s, but by February EGLD price has already reached ~$196. The bull run on the crypto market continued, and in April Elrond coin peaked at ~$239. After this, eGold went through a long correction with the low point of about $54 in mid-July.
As the crypto market recovered, so did eGold token price: by early September, it was trading above $180. The real pump came in the second week of September, though, as there were several important announcements at that time. The biggest of them was probably the release of the Maiar app feature that allows the purchase of EGLD with a credit card. Those developments saw Elrond token rise to a new all-time high of $294.92 and left crypto investors with high hopes about Elrond’s future price.
EGLD Chartby TradingView
Elrond Technical Analysis
From mid-September 2021 Elrond price forecast looks very bullish. First of all, EGLD's price has managed to break through multiple resistances, notably at around $145 and $200. There might be signs of a pullback starting after September 13, so if it happens it’s worth watching whether the resistance zone at $239–$241 will become a new support line. If eGold bounces up off this line, Elrond's price predictions for 2021, at least, are probably going to be very good indeed.
The second bullish sign is a cup-and-handle pattern seemingly forming since the spring, with the handle starting in late August. This, too, can be interpreted as a hint towards the good Elrond (eGold) price predictions that are coming.
Technical Analysis for EGLDby TradingView
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Elrond Price Prediction
Below we have collected the most reliable price projections for Elrond (EGLD) from popular forecast platforms.
Elrond Price Predictions Summary
Year
Average Price
Avg. Price / Pot. ROI
Potential ROI
2024
$58.92256687
41%
41%
Buy
2025
$49.92613470
48%
48%
Buy
2026
$49.31959534
95%
95%
Buy
2027
$62.18261413
170%
170%
Buy
2030
$29.70165001
-43%
-43%
Sell
Elrond Price Prediction for 2024
As for Elrond price predictions for 2024, there are divergent opinions. TradingBeast expects an upturn towards $61.62899, and WalletInvestor echoes with ~$84.713 by the year’s end. Other experts, for example, from PricePrediction.net, are more pessimistic about Elrond’s future price, citing numbers downwards of $34.0022 in December.
Potential ROI: 41% Buy
Elrond Price Prediction for 2025
In their Elrond price predictions for 2025, PricePrediction.net forecasts the coin’s price to go down to $39.52756 by December. Forecasting Elrond future, TradingBeast expects further decrease of its price, too, saying the Elrond price will reach ~$1.70011 by that time. On the contrary, WalletInvestor keeps predicting Elrond price growth, quoting prices around ~$148.008 in 2025.
Potential ROI: 48% Buy
Elrond Price Prediction for 2026
Elrond price predictions for 2026 are still predominantly negative, with some analysts promising prices in the $3.825247–$24.65159 range (TradingBeast, PricePrediction.net), while WalletInvestor takes a different view and cites the possibility of the price reaching $219.753 in December 2026.
Potential ROI: 95% Buy
Elrond Price Prediction for 2027
PricePrediction.net has only pessimism in store for the 2027 Elrond price prediction, valuing Elrond at $38.6775 by the end of 2027. TradingBeast agrees with a negative forecast and predicts, in turn, $5.950385 for the same period. On the other hand, WalletInvestor’s team is more optimistic — their Elrond price prediction for December of this year is just $299.403.
Potential ROI: 170% Buy
Elrond Price Prediction for 2030
Most experts are expecting a bleak future for Elrond: long-term Elrond price predictions promise significant decline by 2030. PricePrediction.net predicts the price to reach $31.45203, while WalletInvestor goes down for $29.9403. TradingBeast also puts not so big hopes on Elrond in the long term: its Elrond prediction for 2030 is $11.05071.
Potential ROI: -43% Sell
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FAQ
Should I invest in Elrond (EGLD) cryptocurrency?
Why is there a sudden hike in the Elrond coin (EGLD) price?
Is Elrond worth it, and can it ever get to the ETH level?
What is an Elrond coin?
Is the eGold (EGLD) coin a good investment?
Which is best, Elrond (EGLD) or Solana (SOL)?
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Author
June Katz is a writer who is really interested in finance, trading, blockchain, and tech. As a SwapSpace author, she enjoys making content about crypto and other related topics.
Summary
As it can be clear from the analysis cited above, Elrond (EGLD) projections are rather contradictory. There is no universal consensus either about positive or negative future EGLD price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Elrond projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
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Disclaimer:This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.