Elrond Price Prediction (2024)

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 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.

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.

Elrond Price Predictions Summary

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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