- The Weighted Open Interest funding rate of 0.0076% implies market optimism for EGLD’s future.
- EGLD’s MA ribbon hints at a bearish trend, with the 20-period MA below the 50-period MA.
- Post-BTC halving, EGLD may reach between $6 & $250 in 2025 amid increased investor interest.
MultiversX (EGLD) Overview
| Cryptocurrency | MultiversX |
| Ticker | EGLD |
| Current Price | $15.07 |
| Price Change (30D) | -29.31% |
| Price Change (1Y) | -72.52% |
| Market Cap | $421.89 Million |
| Circulating Supply | 28.07 Million |
| All-Time High | $542.58 |
| All-Time Low | $6.54 |
| Total Supply | 28.09 Million |
What is MultiversX (EGLD)?
MultiversX (EGLD) is a next-generation blockchain designed to alter how decentralized applications (dApps) and services are built and scaled. Powered by cutting-edge technology, it provides a robust platform that addresses the critical limitations of traditional blockchains, such as scalability and speed.
At the heart of MultiversX is its ability to handle thousands of transactions per second, thanks to the advanced use of sharding technology. This enables the network to maintain high performance, even as it scales to accommodate growing users and applications.
Key Features of MultiversX (EGLD)
- Sharding Technology: Splits the network’s workload, improving scalability and transaction efficiency.
- Secure Proof of Stake (SPoS): A unique consensus mechanism that ensures security, fairness, and energy efficiency.
- Governance Power: EGLD holders can vote on key decisions, ensuring a decentralized, community-driven ecosystem.
- EGLD Token: The native cryptocurrency that fuels the network’s operations, powers decentralized applications, and provides staking rewards.
How Does EGLD Work?
- Medium of Exchange: EGLD enables seamless transactions within the ecosystem, facilitating asset trade and transfer.
- Transaction Fees: Users pay network fees with EGLD, which ensures the efficient functioning of the platform.
- Staking and Rewards: Users can stake EGLD to validate transactions and secure the network, earning rewards in return.
- Decentralized Applications: EGLD powers dApps, providing the necessary resources for their execution.
With its scalable, secure, and versatile framework, MultiversX is setting the stage for the future of decentralized applications. Stay tuned to learn more about this blockchain’s future price trajectory.
MultiversX Price History
MultiversX (EGLD) was launched in 2020 and quickly saw a sharp rise in value. According to TradingView’s data, the token surged to an all-time high of $542.58, marking an increase of over 8,900% from its all-time low of $6.54.
This growth was driven by the launch of the Maiar Exchange, a decentralized finance protocol on the Elrond network, and its listing on the KuCoin exchange. These events played a crucial role in boosting EGLD’s market presence and investor interest.
However, after hitting its all-time high, the token faced heavy resistance at that level. This resistance capped further price movement, leading to a sharp decline in value, with the price dropping by 96%.
Since this decline, EGLD has primarily traded sideways. The price remained within a range, with resistance levels around $78.10 and $67.92 and support levels between $19.71 and $6.64. This range has become a consistent boundary for the token, with the price testing the resistance and support levels multiple times.
A bearish descending channel, marked by lower highs and lows, has also emerged on the chart. The upper trendline of this channel has acted as resistance, with the most recent price action showing a dip after testing this trendline.
If the current trend persists, the price could dip further, testing its all-time low and even falling below that level. However, if a shift toward bullish sentiment occurs, the price could challenge the upper trendline of the descending channel and attempt a breakout.
A successful move above this line would bring the token closer to the resistance levels around $78.10-$67.92, which could lead to retesting previous highs. EGLD is still far from its all-time high but within the range of established support and resistance levels.
EGLD Shows Signs of Reversal Despite Bearish Trend
Despite the ongoing bearish trend, MultiversX (EGLD) shows a Weighted Open Interest funding rate of 0.0076%. This figure suggests that market participants are still engaged, with some expecting a likely reversal in the current price movement.
While downward pressure persists, the optimistic reading in open interest hints at a shift in sentiment that could unfold if certain conditions align. At the same time, EGLD’s trading volume has seen a sharp uptick, rising by 13.02% to $21.26 million in the past 24 hours.
This surge points to a heightened activity level, signaling that traders are again paying attention to the token. The increase in volume could indicate that more players are entering the market, which may bring a surge in volatility.
Related: SPX6900 Price Prediction 2025-35: Will It Hit $30 by 2035?
Yearly Highs and Lows of MultiversX
| Year | MultiversX Price | |
| High | Low | |
| 2024 | $78.00 | $21.48 |
| 2023 | $78.10 | $22.25 |
| 2022 | $270.00 | $32.37 |
| 2021 | $542.58 | $24.55 |
| 2020 | $35.00 | $6.54 |
MultiversX Technical Analysis
The MACD indicator shows a waning bullish momentum as the MACD line is nearing the signal line and is on the verge of crossing below it. This suggests that the current upward movement is losing strength.
The fading green bars on the histogram further support this, indicating diminishing bullish pressure. These technical signals imply that the price could experience a slowdown or reversal, especially if the MACD crosses below the signal line, confirming a bearish shift in momentum.
On the other hand, the RSI indicator shows a bearish edge with a value of 42.12 and is closing in on the 40 mark. A dip below 40 would confirm increasing selling pressure and suggest that the token is approaching oversold conditions.
MultiversX (EGLD) Price Forecast Based on Fair Value Gap
The chart highlights an important Fair Value Gap (FVG) zone between $121.37 and $86.80. This FVG represents a likely resistance area, as the price has yet to fill this gap. Historically, such gaps often act as resistance when the price attempts to move upward, especially after a prolonged bearish trend, which is currently true for MultiversX (EGLD).
The price has faced difficulty moving beyond this range, indicating that market participants might encounter selling pressure when attempting to push higher. However, if EGLD surpasses the FVG zone and breaks through the resistance, it could revisit its all-time high of $542.58.
A successful move above this resistance could turn the FVG zone into a support level, which is often seen when the price clears key resistance zones. This would offer a solid reference for future support, helping maintain upward momentum.
MultiversX (EGLD) Price Forecast Based on MA Ribbon Analysis
The chart shows the 20-period and 50-period moving averages (MAs) currently trading sideways. The 20-period MA is positioned below the 50-period MA, indicating a bearish trend in the short to medium term.
This alignment suggests that the price action remains weak, as the 20-period MA typically serves as a faster-moving indicator than the 50-period MA. When the shorter-term moving average (20-period) is below the longer-term moving average (50-period), it typically signals that the market sentiment is tilted to the downside.
Besides, both MAs are flat, indicating a lack of strong directional movement in EGLD’s price. The price has been consolidating in this sideways range, and the MAs confirm that neither bulls nor bears are gaining significant control. This indicates that the market is in a period of indecision, with the possibility of a breakout or continued consolidation.
For the price to shift higher, the EGLD price must cross above the 20-period MA, with the 50-period MA being the next target, indicating a bullish reversal. However, if the current trend persists and the token’s price stays below the 20-period MA, it may continue to experience downward pressure, keeping its price within its current range.
MultiversX (EGLD) Price Forecast Based on Fib Analysis
The monthly Fibonacci analysis shows that EGLD is trading below all key retracement levels except for the 0% level, which is the token’s all-time low at $6. Currently, the token is positioned beneath the 23.6% level at $133.03, 38.2% level at $211.61, and 50% level at $275.12, indicating the persistence of a bearish trend.
The 50% retracement at $275.12 presents a key resistance point for bullish movement. If EGLD can surpass this level, it could target the 61.8% level at $338.64 and further challenge the 78.6% level at $429.06, which would serve as formidable hurdles for upward price movement.
On the downside, the 0% level at $6 represents the final support, marking EGLD’s all-time low. A decline to this level would signal a continuation of the current downtrend, achievable only in a sustained bearish scenario. Unless EGLD breaks through the key Fibonacci resistance levels, the risk of further downside remains high.
MultiversX (EGLD) Price Prediction 2025
According to CryptoTale’s projections, 2025 will likely see EGLD reach new highs due to post-BTC halving euphoria. The price could surge beyond its previous highs, ranging between $6 and $250, driven by increased investor interest and technological advancements.
MultiversX (EGLD) Price Prediction 2026
Following the market correction after the 2025 peak, EGLD’s price will likely dip as market euphoria wanes. Based on market cycles, the token’s price could fall within $100-$200, reflecting the broader crypto recession and investor caution.
MultiversX (EGLD) Price Prediction 2027
As the market recovers from the 2026 downturn and the next BTC halving hype begins, EGLD may see a gradual recovery. Expect a price range of $150-$350, with investors regaining confidence as new blockchain developments and use cases emerge.
MultiversX (EGLD) Price Prediction 2028
CryptoTale suggests that in 2028, EGLD will likely reach a growth plateau, with prices hitting new highs amid the fifth BTC halving event. The range is expected to be between $300 and $700, as the market shows consistent growth and increased investor adoption.
MultiversX (EGLD) Price Prediction 2029
With a renewed market expansion phase after the 2028 BTC halving, EGLD might experience another strong upward surge. Expect a price between $550 and $1,000, fueled by the increasing demand for decentralized applications and blockchain advancements.
MultiversX (EGLD) Price Prediction 2030
After a peak in 2029, EGLD’s price will face a potential downturn due to market saturation and regulatory concerns. A price range of $400-$800 is expected, with the token experiencing resistance as market corrections continue.
MultiversX (EGLD) Price Prediction 2031
The market will enter a period of stabilization, with EGLD consolidating in the range of $250-$600. The blockchain’s use cases may mature, and steady growth could support EGLD’s recovery.
MultiversX (EGLD) Price Prediction 2032
CryptoTale projects that in 2032, EGLD could experience a bullish surge due to the sixth BTC halving. As a result, the price could range from $750 to $1,200, fueled by renewed investor confidence and a strong market rebound.
MultiversX (EGLD) Price Prediction 2033
In 2033, EGLD will likely enter a market expansion phase with continued adoption of blockchain technology. The token’s price could rise to $1,000-$1,500, driven by growing use in decentralized finance and blockchain-driven applications, setting the stage for sustained growth.
MultiversX (EGLD) Price Prediction 2034
According to projections, the crypto market may enter another correction phase, with EGLD experiencing slight downward pressure. As the market cools down after years of fluctuating highs and lows in the preceding cycles, the price could range from $800 to $1,100.
MultiversX (EGLD) Price Prediction 2035
Looking ahead to 2035, EGLD may stabilize and show steady growth as blockchain adoption increases. The projected range for EGLD would be $1,500-$2,000, influenced by continuous scalability, security, and network utilization improvements in the years ahead.
Related: Cosmos Price Prediction 2025-35: Will It Hit $200 by 2035?
FAQs
What is EGLD?
EGLD is the native cryptocurrency of the MultiversX blockchain. It is designed to enable decentralized applications (dApps) and provide scalability, security, and transaction efficiency.
How can I purchase EGLD?
EGLD can be purchased on major exchanges like Binance, KuCoin, and others using cryptocurrencies or fiat currencies such as USD or EUR.
Is investing in EGLD a wise decision?
Investing in EGLD depends on individual risk tolerance. While it has growth potential, it also faces market volatility and external challenges, requiring careful consideration.
What’s the best way to securely store EGLD?
The best way to store EGLD securely is in a hardware wallet like Ledger or Trezor or a trusted software wallet that supports the token.
Who is the founder of EGLD?
Beniamin Mincu, a Romanian entrepreneur and blockchain expert known for his work in the blockchain and crypto space, is the founder of EGLD (formerly Elrond).
Which year was EGLD launched?
EGLD was launched in 2020, marking the rebranding of the Elrond blockchain to MultiversX and introducing technological advancements in blockchain scalability and speed.
What is EGLD’s circulating supply?
Currently, EGLD has a circulating supply of 28.06 million tokens, with a total supply of 28.08 million tokens.
Will EGLD surpass its all-time high?
EGLD could surpass its all-time high of $542.58 in the future, especially with the post-BTC halving rally, though it depends on market conditions.
What is EGLD’s lowest price?
EGLD’s lowest price was $6.54, recorded at the beginning of its market presence in 2020.
What will the price of EGLD be in 2025?
In 2025, EGLD could surge due to post-BTC halving hype, reaching a price range of $6-$250, driven by technological advances and investor interest.
What will the price of EGLD be in 2028?
By 2028, EGLD could see significant growth, reaching a price range of $300-$700, boosted by market expansion and blockchain adoption.
What will the price of EGLD be in 2030?
EGLD’s price in 2030 may be between $400 and $800, reflecting market saturation and potential regulatory challenges.
What will the price of EGLD be in 2032?
EGLD could experience a bullish surge in 2032 due to the sixth BTC halving, with a price range of $750-$1,200.
What will the price of EGLD be in 2035?
In 2035, EGLD may stabilize and grow steadily, reaching a price range of $1,500-$2,000, supported by continued blockchain adoption and network improvements.
