Elrond Price Prediction: Can Elrond Coin Hit $400?

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What Is the Elrond Price Prediction Today

AT A GLANCE

  • In 2024, Elrond price is expected to reach $49.84312305654323, according to some experts
  • 2025 promises to be turbulent, with prices ranging from $18.383835043059555 to $68.4920458435546, with PricePrediction.net predicting a breakthrough leading to a price rise to $68.4920458435546
  • By 2030, EGLD price can hit $49.84312305654323

Elrond Fundamental Analysis

Project name
Elrond
Stock Symbol
EGLD
Current Price
33.13596799397901
Current Supply
27076886
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.

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.

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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
$27.55787452
7%
7%
2025
$46.57090802
59%
59%
2026
$60.62979349
97%
97%
2027
$32.60023506
35%
35%
2030
$35.89763248
-8%
-8%

Elrond Price Prediction for 2024

As for Elrond price predictions for 2024, there are divergent opinions. PricePrediction.net expects an upturn towards $45.72764, and WalletInvestor echoes with ~$56.427 by the year’s end. Other experts, for example, from TradingBeast, are more pessimistic about Elrond’s future price, citing numbers downwards of $4.639036 in December.
Potential ROI: 7% Buy

Elrond Price Prediction for 2025

In their Elrond price predictions for 2025, PricePrediction.net’s forecasts the coin’s price to go above $64.61514 by December. Forecasting Elrond's future, WalletInvestor expects further growth, too, saying the Elrond price will reach ~$69.318 by that time. On the contrary, TradingBeast keeps predicting Elrond price decline, quoting prices around ~$24.18926 in 2025.
Potential ROI: 59% Buy

Elrond Price Prediction for 2026

The experts are unanimous in their Elrond price forecasts for 2026 — everybody expects Elrond’s price to grow by the end of that year. PricePrediction.net predicts the price growth reaching $54.67435. According to WalletInvestor’s research, Elrond’s price can go up to $85.04. TradingBeast’s forecast is also positive: its analysts hold the view that by 2024 Elrond’s price will be about $55.66843.
Potential ROI: 97% Buy

Elrond Price Prediction for 2027

PricePrediction.net has only pessimism in store for the 2027 Elrond price prediction, valuing Elrond at $18.8875 by the end of 2027. TradingBeast agrees with a negative forecast and predicts, in turn, $11.26623 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 $103.852.
Potential ROI: 35% Buy

Elrond Price Prediction for 2030

Speaking of long-term Elrond price predictions for 2030, experts present two polar opinions. TradingBeast expresses the view that Elrond price will grow further and eventually reach $33.79869 by the end of the decade. WalletInvestor’s price prediction for Elrond echoes with the projection of an uptrend to $46.7334. Despite this, PricePrediction.net’s vision remains not so positive, promising a downfall to $10.60351.
Potential ROI: -8% Sell

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)?

How do you buy Elrond Gold?

What is EGLD?

Author

June Katz
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.

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