This article was last updated on August 8, 2022
Elrond is a very special and unique project for the crypto industry. As such, it has a lot of followers and people looking forward to its development. In the current state of the crypto market, EGLD’s price’s been very low, compared to its previous performance. This allows us to analyze and foresee the price of Elrond in the upcoming years, thus making a valuable price prediction.
In this article, we will cover even more information about the Elrond ecosystem and network. You can always skip that part and get to the price predictions.
With that being said, let’s get right into it.
Over the past week, the price of Elrond (EGLD) remained around $68.15. The circulation supply is 22.93 million tokens. The market cap went up to $1.56 billion.
Table of Contents
What is Elrond (EGLD)?
Elrond is a crypto project that is popular for its transaction speed. More specifically, the network can handle over 250,000 recorded transactions per second (tps). This is possible due to the sharding technology.
The official website of the project describes the network as a technology ecosystem. To be precise, a technology ecosystem for the “new” internet (Web3), which also includes FinTech, DeFi, IoT, and more.
Elrond supports smart contracts too. Not only that, but it is capable of withandling over 15,000 tps, with only 6 second latency and a $0.001 transaction fee.
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This makes it a great attraction and a worthy candidate for the future of the crypto world.
The native cryptocurrency of Elrond is called eGold, also known as EGLD. Users can use the token to pay for fees, stake it, or reward validators (miners).
Will EGLD Reach $500?
Elrond is a project that comes with a lot of utility. This is what many investors love about it. Owners are optimistic about the development of the network, once the market stabilizes. That’s why so many believe the price will not only reach $500 but go beyond and reach its past glory.
However, let’s think about it for a moment. The current price of Elrond is around $60, which is far away from its previous all-time high of $490.35. This means it will need a 8.3x increase in order to reach a price evaluation of $500. With a current market cap of $1.3 billion, this will result in a new market cap of more than $10 billion.
This is perfectly doable once the market stabilizes and crypto sees more adoption. However, we believe this will not happen anytime soon. The price will probably rise to this price point in the distant future (more towards the end of the decade).
First, we need to see market stabilization. This will happen after the military conflicts in Europe get resolved. Until then, the market will proceed to be chaotic and bearish.
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So when is Elrond going to reach $500? It will take at least 7 more years, or even 8 if we are being conservative. So let’s finally begin our Elrond price prediction.
EGLD Price Prediction For 2022 – 2030
Elrond’s future price is difficult to predict, as it is reliant on a number of factors, including the performance of the Elrond network, global economic conditions, and the price of other cryptocurrencies. However, if Elrond continues to grow as a network at its current rate, it is possible that the price evaluation for EGLD could easily go back to its past prime and probably around the price of $100 by the end of 2022 or 2023.
This would be a significant increase from its current price of around $60, but would still be way below its all-time high of $490.35, reached in November 2021. While Elrond’s future price is impossible to predict with certainty, we are eager to share with you our analytical forecast.
Keep in mind that these are mainly speculations, although supported by facts and other somewhat solid factors. With that being said, let’s head on to the interesting part.
2022 EGLD Price Prediction
Some of the financial industry’s top names have lent their weight to Elrond’s price prognosis. The number of collaborations and events with the cryptocurrency sector demonstrates that many people are confident in cryptocurrency.
According to that and to Elrond’s performance over the past year, it may achieve a tremendous boost by year’s end, unlike other significant coins like Bitcoin and ETH, and go through the $100 mark yet again, which will get it closer to its previous heights.
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Of course, there’s the scenario that we experience further world conflicts that can affect the crypto market. In that case, we can expect EGLD to drop in price. No one can say for sure how low it may go, but we can easily see it dropping to around $30-$35 in the worst case scenario.
2023 EGLD Price Prediction
Many analysts have made Elrond price predictions for 2023, and the general consensus is that the price of Elrond will continue to rise. This is based on a number of factors, including the increasing use of Elrond’s technology, the growing popularity of crypto, and the overall positive outlook for the global economy.
While it is impossible to say exactly what the price of Elrond will be in 2023, most experts agree that it has the potential to reach new heights.
More realistically, we can expect the price of Elrond to reach $141-$148 by the end of 2023.
2024 EGLD Price Prediction
If the growth for Elrond continues, we can easily see it getting massive adoption. Our price prediction for 2024 is as conservative as possible, in order to not misguide you.
We believe that by the end of 2024, the price of Elrond will reach at least $180. If we let ourselves be a bit more speculative, we’d raise it to $195, bringing it closer and closer to its previous peak.
2025 EGLD Price Prediction
According to many Elrond enthusiasts and their price predictions, EGLD prices may rise dramatically in the trading range between $254 and $261.
However, the most realistic expectation is for a midpoint of these price levels. With widespread adoption, EGLD price prediction as a cheap and convenient digital asset might become a reality.
For this scenario, we must also consider that the Elrond network can significantly expand and develop. In that case, prices may even go as high as $284, but that is quite ambitious.
As for a worse scenario, there are many things we cannot predict. Such is any global military, environmental, pandemic, financial, and other similar issues.
But let’s explore what we have at hand. If yet another Elrond competitor arises, things can definitely go south for Elrond. Another thing that can happen is if there’s any change in the network’s operation. This can include a change of CEO, developers, other team members, etc. If that happens, we can see the price of Elrond dropping by 50-70%, meaning it will go for about $113-$130.
2026 EGLD Price Prediction
Keeping our conservative approach, we won’t try to make ridiculous price predictions for Elrond. Although many believe that by 2026 the price of EGLD will be at least $300, we’d give a different value.
2026 is actually not too far away, but in terms of crypto, it is. We believe that Elrond will be evaluated at anywhere between $290 and $295.
2027 EGLD Price Prediction
As the years go by and Elrond continues its expansion and proves its utility we can easily see it going for as much as $350. However, if we are being more realistic, the price might remain moving sideways, as that is a hefty growth.
By that, we mean that EGLD will be evaluated at around $331 – $345, surpassing its previous all-time high. We think the lower spectrum of our price prediction will be more accurate than the higher. Yet, as we all know, the crypto market is quite unpredictable, so we will have to wait and see.
2028 EGLD Price Prediction
In 2028, if Elrond comes out with new projects and experiences further adoption, we can see it potentially going out from the zeroes and reaching a price of $412 – $431. However, this is mostly optimistic.
On the lower end, we can see EGLD being worth around $350, while, on average, remaining at around $403.
2029 EGLD Price Prediction
For the last year of the decade, we believe that cryptocurrencies will have settled in for the most part. By that, we mean that tokens will be nothing out of the ordinary anymore. Not only crypto but all sorts of crypto projects too – NFTs, dApps, etc.
As such, we think Elrond will be moving at around $443 to $459 easily, although we can also see it reaching the $500 mark.
2030 EGLD Price Prediction
Crypto price predictions are always difficult, as the cryptocurrency market is highly volatile. Even more so when we are talking about 8 years into the future.
Some experts have forecast that Elrond’s price could reach up to $500 by 2030. This would be a significant increase from its current price of around $60. However, it is important to remember that Elrond is growing, and so is its adoption rate, utility, and potential.
In addition, the current global economic situation could also lead to an increase in the price of Elrond, as more investors look to cryptocurrencies as a safe haven for their money. Only time will tell whether this price forecast comes true, but Elrond certainly seems to have a bright future ahead.
That is unless we see global frames in which cryptocurrencies have to operate in the future. What we mean here is that countries could start incorporating restrictions. There already are some countries like Qatar, China, Turkey, etc.
If that happens, we can see many of the tokens we all love and know drop down by a lot. This might even mean the end of cryptocurrencies as we know them.
For Elrond, if that happens, we can easily make a price forecast that EGLD can drop in value by 90%. To be more specific, this might mean a price evaluation of less than $120. On a brighter note, this is highly unlikely, even though not impossible.
Elrond (EGLD) Price Prediction 2022-2030 – Table
| EGLD Price Prediction | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2022 Price Prediction | $91 | $95 | $100 |
| 2023 Price Prediction | $141 | $145 | $148 |
| 2024 Price Prediction | $177 | $180 | $195 |
| 2025 Price Prediction | $254 | $261 | $284 |
| 2026 Price Prediction | $290 | $295 | $300 |
| 2027 Price Prediction | $331 | $345 | $350 |
| 2028 Price Prediction | $350 | $412 | $431 |
| 2029 Price Prediction | $443 | $451 | $459 |
| 2030 Price Prediction | $474 | $489 | $500 |
Our Opinion On Elrond (EGLD) Price Predictions
Given the Elrond price today, we can make lots of speculations. However, when doing a price prediction or looking at one, you must stay completely aware that most of the time it is completely off.
Although we kept a conservative approach with our average forecast price, you should still take this prognosis with a grain of salt.
Elrond is certainly a great project with huge potential, which makes us believe that it will survive throughout the years. Not only that, but if we see it live through, it is most likely going to be a project that the majority of blockchain networks adopt due to Elrond’ utility.
Overall, although we believe Elrond will certainly be bullish and we believe in our speculations, we can never be certain.
Is Elrond (EGLD) A Good Investment?
Elrond is quite unique when it comes to the idea and solution it brings to the table. However, does that make it a worthy investment? There are many networks that offer a great idea and a solution, but the problem is usually not major. In these situations, such projects are usually a hard pass.
Thankfully, that’s not the case with Elrond, as you might expect.
The problem Elrond solves is quite a big one. Furthermore, scalability issues are only the surface of what the network can help polish. The infrastructure and the idea of interoperable blockchains are where the potential of the ecosystem lies.
Of course, this is still not enough to make us consider becoming owners of the EGLD token. But when we ponder Elrond and its operability, we see that there are no direct competitors. Even more, the EGLD token’s will definitely be part of the top 20 cryptocurrencies at some point.
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As of right now and with its current features, it is very easy to see why Elrond is a good buy. However, if a project does not resonate with you or you do not fully understand how it operates, it can be a pass.
In conclusion, we expect to see the Elrond be part of the dominating networks that will see huge adoption in the near future.
Conclusion
Taking all of the above into consideration, it would appear that EGLD is a very promising investment. The price predictions for EGLD are exceptionally positive, and the coin does have a lot of potential.
Of course, as with any investment, there is no guarantee that EGLD will reach the predicted price points. However, if you are looking to invest in cryptocurrency, EGLD is definitely worth considering.
There aren’t too many unique projects that have been coming out these days. Most are looking to give solutions to problems that do not exist. Others are looking to create problems in order to give solutions to irrelevant sectors of the crypto market.
That is definitely not the case with Elrond. The network will definitely keep growing and expanding its adoption. Even if the general public does not take better notice of Elrond anytime soon, huge companies are already working hand in hand with Elrond to better their operations.
We will keep an eye on the development of Elrond and how it performs. Its potential in tandem with our price predictions makes us keen to see what lies in the future for Elrond.
