In this guide, we will voice our own and market’s opinion on MultiversX (formerly Elrond) future while discussing EGLD price forecast for Q4 2023 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like MultiversX.
Now, let’s head into it.
Before we delve deep into the Iota price prediction and answer questions if MultiversX is a good investment or not, why will MultiversX succeed or fail or why will MultiversX price rise or drop, let’s quickly throw a glance at what is MultiversX and its to date history.
Our EGLD price forecast suggests the token price will be around $23.53 in the next 90 days.
👉 MultiversX Price Prediction 2024
Our EGLD price forecast suggests the token price will be around $61.87 in 2024.
👉 MultiversX Price Prediction 2025
We predict the MultiversX price to hover around $83.32 in 2025 based on our analysis.
👉 MultiversX Price Prediction 2026
In 2026, we expect the MultiversX price to be approximately $87.72 according to our price prediction model.
👉 MultiversX Price Prediction 2027
Our EGLD prediction indicates the token price will be in the vicinity of $112.72 in 2027.
👉 MultiversX Price Prediction 2028
For 2028, we forecast the EGLD price to be around $137.71 given current trends.
👉 MultiversX Price Prediction 2029
Looking ahead to 2029, we estimate the MultiversX price will settle around $162.71.
👉 MultiversX Price Prediction 2030
Our EGLD price prediction suggests a token price of about $179.14 by 2030 based on projected growth.
What you'll learn 👉
What is MultiversX
MultiversX , formerly known as Elrond, is a groundbreaking blockchain network designed with scalability, security, and decentralization at its core. This platform is crafted to usher in innovative applications for individuals, businesses, society, and the rapidly evolving metaverse. The eGold (EGLD) Token powers MultiversX and plays a pivotal role in core network functionalities such as staking, governance, transactions, smart contracts, and validator rewards.
The platform stands out for its unparalleled speed and affordability, which are instrumental in fostering swift adoption of new innovations. This results in faster and more secure transactions, positioning MultiversX as a preferred platform for distributed apps, enterprise solutions, and the emerging internet economy. With its transformative user experience, MultiversX focuses on addressing challenges like transitioning from a dial-up era to broadband.
Having undergone a name change, MultiversX continues to build on the legacy and strengths of Elrond. The platform represents the future of decentralized architectures, emphasizing efficiency, cost-effectiveness, and a commitment to innovation in the blockchain ecosystem.
With its robust technical team, strategic business approach, and comprehensive planning, MultiversX emerges as a formidable contender in the realm of layer-1 blockchain solutions.
MultiversX Price Prediction
As the first quarter of 2024 concluded, we can say that this year has started on a high note for the cryptocurrency industry, marked by significant milestones and growing enthusiasm. Following the landmark approvals of Bitcoin ETFs, there has been a noticeable surge in interest from both retail and institutional investors, signaling a robust period of growth and acceptance for digital assets. These developments have not only bolstered investor confidence but have also hinted at a maturing market that is increasingly aligning with traditional financial systems. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative year, potentially setting new benchmarks for adoption, innovation, and investment. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Analysts had predicted the SEC would decide on Bitcoin ETF applications potentially catalyzing industry growth. The approvals have been seen as a significant step towards mainstream acceptance and have sparked optimism among investors and traders alike. Now, attention is turning towards both pre and post-halving rallies, with the BTC halving now only days away, expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin has almost tripled in price since last summer, with the recent Wall Street earthquake and the upcoming halving expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading above $70k now, after it hit a new ATH of $73k in March. Ethereum has also grown following ETF approvals, with many anticipating ETH ETF approvals could be next. Ethereum is trading around $3,600 but still hasn\\\'t broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and anticipation of the upcoming Bitcoin halving event. Bitcoin ETFs, a growing meme coin, AI crypto coins, and RWA mania have helped the bull run to gain momentum. The total market cap (TMC) is now $2.65 trillion.
EGLD Price Prediction For The Next 90 Days
Below is a tabular overview of how will EGLD develop in the short-term (for the next 90 days), according to our prediction model:
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MultiversX Price Prediction 2024
The cryptocurrency market has shown promising signs for gains in the early months of 2024, with Bitcoin leading the charge. The digital currency has seen an impressive gain, now trading well above $70,000, a significant increase that underscores the renewed institutional interest and positive momentum within the sector. The market has demonstrated growth, with its total market capitalization soaring to $2.65 trillion (it around $1 trillion in June last year).
This resurgence is buoyed by several factors, including the approval of Bitcoin spot ETFs in early 2024, which has played a pivotal role in attracting institutional investors and boosting market confidence. Moreover, the anticipation surrounding the Bitcoin Halving event, now just days away, has further fueled investor enthusiasm, with many expecting it to have a positive impact on Bitcoin’s price. The growing interest in various cryptocurrency sectors, such as meme coins, real-world asset (RWA) coins, and AI crypto coins, has also contributed to the bull run, showcasing the market’s evolving nature and its ability to adapt to new trends and technologies.
Looking ahead, the market is poised for what many experts believe could be a prosperous period. The potential approval of Ethereum ETFs later in the year is another eagerly awaited development, which could further validate the cryptocurrency market and attract a new wave of institutional investment.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown for the next 12 months:
EGLD Price Prediction 2025
Our prediction model sees EGLD reaching $83.32 in 2025.
What will EGLD be worth in 5 years?
The price of EGLD in 5 years could lie around $73.49, according to CaptainAltcoin’s prediction model.
MultiversX Price Prediction 2030 – 2040
What Elrond will be worth in 2030?
Our forecasting model sees Elrond reaching $208.30 in 2030.
What Elrond will be worth in 2040?
Our forecasting model sees Elrond reaching $416.61 in 2040.
Will Elrond replace / surpass / overtake Bitcoin?
No, Elrond will not replace or overtake BTC.
Can Elrond reach $1000?
Yes, Elrond could reach $1000 by the end of 2025.
Is Elrond worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Elrond is worth buying.
Is Elrond a good investment?
Elrond is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Elrond be worth?
For the short-term future, it could reach $23.53. In the long-term (8-10 years), it could jump to $208.30 or even higher.
Why will Elrond succeed and go up in price?
Elrond has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Elrond rising up to $208.30 in 2030.
Why will Elrond fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
How high will Elrond go?
Our forecasting model sees Elrond price exploding and reaching $416.61 in a distant future.
What is the short-term prediction for Elrond?
Elrond will reach $23.53 in the next 90 days, which is a 42.4% change over the current price which hovers around $40.84.
Can Elrond make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Elrond millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Elrond could make you a millionaire.
Elrond Price Prediction Today - What will be the price of Elrond tomorrow?
Elrond will hover around $44.02 tomorrow.
Read also:
- Aave Price Prediction | AAVE Forecast
- Cosmos Price Prediction | ATOM Forecast
- Uniswap Price Prediction | UNI Price Forecast
- Binance Coin Price Prediction | BNB Price Forecast
- Enjin Price Prediction | ENJ Price Forecast
- Cardano Price Prediction – ADA Price Forecast
- Bitcoin Price Prediction– Future Forecast For BTC Price
- Ethereum Price Prediction – Future Forecast For ETH Price
- Ripple’s XRP Price Prediction: Future Forecast for XRP Price
- Solana [SOL] Price Prediction
- Polkadot Price Prediction | DOT Forecast
MultiversX Price Prediction – summed up
Having analyzed all of the above on MultiversX, we can say that this is a legit project with a tough task in front of it – outcompeting Ethereum and other smart contract platforms. It enjoys a good standing in the crypto circles and could be a worthy investment in the short and mid term.
Where and how to buy EGLD
This is how you can buy MultiversX (EGLD):
- Download an MultiversX Wallet (Atomic Wallet, Guarda, Trust Wallet usw)
- Create your EGLD-Adresse
- Find an exchange that lists EGLD (Binance) and buy EGLD
- Transfer EGLD from the exchange to your wallet
Binance
If you are not happy with Binance or can’t use it for some reason, here are a couple of alternatives:
Cex.io many payment methods
That is how you buy MultiversX, in a nutshell.
Read also:
- How to buy Bitcoin anonymously
- How to buy Bitcoin with credit card
- How to buy Ethereum
- How to buy Ethereum with credit card
- How to buy Ripple
- How to buy Ripple in USA
- How to buy Litecoin with credit card
MultiversX Wallets
MultiversX is already integrated by some of the most popular crypto wallets like Trust Wallet, Guarda or Atomic Wallet. It also has integration with a hardware wallet like Ledger Nano X or S.
Market Price Predictions
Here are the price predictions for MultiversX (EGLD) by 5 experts for 2024 and beyond:
- CoinCodex predicts that the MultiversX price will drop by -0.34% and reach $25.75 by September 26, 2023.
- Coinpedia predicts that the EGLD crypto price for the year 2029 could range between $144.38 to $187.34, with an average price around $165.81.
- CryptoNewsZ predicts that the MultiversX coin price in 2023 may trade at a maximum of $85.14, while the minimum price may be around $35.05.
- AMBCrypto predicts that the MultiversX’s price for 2024 should range between $24.93 to $37.40, with an average price around $31.24.
- PricePrediction predicts that MultiversX will have an average price of $75.13 in 2024.
Summing it all up
Consider the individual risk of each crypto and start looking for red flags:
- guaranteed promises of large returns (protip: that’s a Ponzi)
- float allocations that give way too much to the founder
- vague whitepapers
- vague timelines
- no clear use case
- Github with no useful code and sparse activity
- a team that is difficult to find information on or even worse anonymous
While all cryptocurrencies are a risky investments but generally you can break down cryptos into “low” risk core, medium risk speculative and high risk speculative
- Low Risk Core – This is the exchange pairing cryptos and those that are well established. These are almost sure to be around in 5 years, and will recover after any bear market. Bitcoin, Litecoin and Ethereum are in this class of risk, and I would also argue Monero. Allocate most of your funds into this basket.
- Medium Risk Speculative – These would be cryptos which generally have at least some product and are reasonably established, but higher risk than Core. Things like Stellar, Cardano, BNB, NEO..etc.
- High Risk Speculative – This is anything created within the last few years, low caps, shillcoins, DeFi…etc. Most cryptos are in this category, most of them will be essentially worthless in 5 years. Invest a very small portion of your funds and only what you can afford to lose (and I truly mean it because there is a big chance you will lose it all).
