MultiversX is not your average cryptocurrency. Created to solve the problem of scalability, this crypto project has metamorphosed into something bigger and better. Little wonder the MultiversX token, EGLD, is often considered among the next crypto to explode.
Are you researching for the latest MultiversX forecast? This guide will discuss our MultiversX price prediction for both the short and long term, touching on the coin’s utility, its future potential, and where you can invest in EGLD today – with low trading fees.
MultiversX Price Prediction - Summary
At the time of writing this guide, MultiversX price was $38.79 per token. The coin has been on an upward trend since late December last year. However, it dropped by 2.95% in the last 24 hours.
For a quick understanding of MultiversX long term outlook, here is our MultiversX price forecast for the years ahead:
- End of 2023 — MultiversX is slowly recovering from the bearish market and will likely perform even better in the months ahead. According to our forecasts, the MultiversX coin could reach $86.00 by the end of 2023.
- End of 2024 — A good outing in the current year can also lead to a good outing in 2024. In any case, we are expecting EGLD to pick up momentum in 2024. MultiversX price prediction 2024 could reach $220 by the end of the year.
- End of 2025 — A blockchain like MultiversX can attract a lot of projects. We expect developers to continue to build on the blockchain, and that can easily translate to improved utility and valuation. The MultiversX token, therefore, can reach $570 by the end of 2025.
- End of 2030 — It is generally believed that crypto adoption will rise significantly before 2030, and that can have a huge impact on the prices of digital currencies. If things play out as we expect, MultiversX price prediction for 2030 will most likely reach $1,400.
- End of 2040 — Crypto, blockchain technology and Web3 may all become mainstream in the next decate. The implication is that digital currencies like EGLD will become readily acceptable across the world. Because of these possibilities, our MultiversX price forecast projects that the coin could reach $3,200 by the end of 2040.
Cryptoassets are a highly volatile unregulated investment product.
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MultiversX Price History
One of the first things to know about MultiversX is that it is a relatively new cryptocurrency. Though the project was started in late 2017, the token only became available in September 2020. However, within a space of two years, EGLD has become one of the best altcoins anyone can invest in.
In its basic form, MultiversX is a blockchain network that offers extremely fast transaction speeds by using sharding. It is one of the major crypto projects launched to address the issue of scalability in the blockchain space.
It is ideal to describe MultiversX as a successful project. It was able to achieve its primary objectives quickly through sharding. Reportedly, it is capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost. This means it’s fast, effective and cheap.
MultiversX was co-founded by highly-technical and experienced brothers, Beniamin and Lucian Mincu, as well as Lucian Todea. It was first announced in August 2019, but it was not until July 2020 did its mainnet go live. It has since rebranded from the former name ‘Elrond’, and has added several features and functionalities, including support for smart contracts and decentralized finance (DeFi). It can also incorporate NFTs and Web3.
After launching its mainnet and conducting a successful ICO, MultiversX released its token to the wider crypto audience via top crypto exchanges. According to Coingecko data, the starting price of EGLD was $17.59, and it was recorded on 3rd September 2020.
MultiversX token, EGLD, dipped soon after its introduction to crypto exchanges. It quickly reached its current all-time low price of $6.51 per token, recorded on 7th October 2020. The coin will begin to recover almost immediately.
From December 2020, MultiversX started trending upwards. It embarked on a crazy bullish trend that saw the price reach $196.71 on 10th February 2021. That was just the beginning of great things as the coin will rise further and eventually reach an all-time high value of $545.64 on 23rd November 2021.
Like in other cases, EGLD's all-time high was short-lived. The value of the coin dropped significantly towards the end of 2021. The 2022 crypto bear market saw MultiversX price drop even further from $240 on 3rd January to $33.24 on 30th December 2022. It is currently in another recovery phase.
Before moving on from this section of our MultiversX price prediction, here’s a summary of what we’ve discussed so far:
- MultiversX is a relatively new cryptocurrency, but it has performed so well in the past to deserve a spot in the list of top crypto to invest in
- MultiversX was originally created to solve the problem of blockchain scalability, and it has consistently performed excellently in this regard
- MultiversX has grown significantly and now offers support for DeFi, NFTs, smart contracts and Web3 services
- The MultiversX project was started in 2017, announced in August 2019, and the mainnet went live in July 2020
- According to Coingecko data, MultiversX’s starting price was $17.59, recorded on 3rd September 2021
- MultiversX token (EGLD) reached its all-time low price of $6.51 on 7th October 2020
- MultiversX had a spectacular outing in 2021, enjoying a major bullish trend that saw it reach an all-time high price of $545.64 on 23rd November 2021
- MultiversX, once again, is receiving lots of attention and will likely gain in the years to come, which is why our MultiversX price forecast is bullish
MultiversX Price Prediction 2023
So, how could the MultiversX price prediction chart shape up in 2023? The best way to get a reliable estimate of how the price will move is to consider how it has moved in the past and how the network is likely to perform in the coming years.
From the price history section above, you can tell that MultiversX price can rise rapidly in a favourable market conditions. It is possible that EGLD can enjoy a bullish trend similar to the one it enjoyed a couple of years earlier.
One of the key reasons to believe that MultiversX is one of the best cryptocurrency to invest in is its ecosystem. We’ve already mentioned that it supports decentralized applications, smart contacts, NFTs and more. That means it has huge potential for growth.
While there are several crypto platforms that offer services that are similar to that of MultiversX, it is important to recognize MultiversX’ uniqueness. High blockchain scalability may be its main selling point, but it has several other wonderful features.
MultiversX is the first blockchain network to implement the three levels of sharding, including state, network and transaction sharding. It actually runs on thousands of validator nodes, and they are split into four shards, including three execution shards and one coordination shard called the ‘Metachain’.
At this point, it’s important to state that we aren’t the only prediction website forecasting a bullish price trend for EGLD. Coincodex, for instance, projects that it will rise by 4.97% within 7 days. It’s considered one of the most undervalued cryptocurrency at the moment.
While being optimistic, we’re actually expecting the EGLD price to fluctuate throughout the year. But the overall value is expected to continue to rise. With all that in mind, our MultiversX price prediction for 2023 is $86 per token.
Cryptoassets are a highly volatile unregulated investment product.
MultiversX Price Prediction 2024
One of the easiest ways to determine that a crypto project has a bright future is to understand the problem(s) it solves and how well it solves it/them. MultiversX was created to solve the problem of blockchain scalability and it has done that in the most impressive ways.
In addition to solving the problem it set out to solve, MultiversX has improved its overall offering in order to attract network participants, including developers, investors, traders and more. By supporting smart contracts and enabling other top blockchain projects like NFTs and DeFi, MultiversX has become one of the most desirable new cryptocurrency to invest in.
From the paragraphs above, you can deduce that our MultiversX price forecast will continue to look bullish. We expect that the blockchain will continue to advance in a positive way, and the value of the token will continue to rise. Therefore, in 2024 alone, a significant price gain is expected.
Due to this, our MultiversX price prediction expects the coin to appreciate in value and reach $220 before the end of the year 2024.
MultiversX Price Forecast Long Term Outlook – 2025 Prediction
We’ve consistently maintained that MultiversX is one of the most undervalued crypto assets in the market right now. This is because we saw how wonderfully the coin performed a couple of years ahead. How well do you think it can perform a couple of years from now (i.e. 2025)?
We are convinced that MultiversX price in the next two years will be significantly higher than its current price on major crypto exchanges. As an undervalued asset, it is bound to pick up quickly once it gains the attention of investors and the demand starts coming in.
Demand is often the biggest driving force for all assets. EGLD, being the native token of a very attractive blockchain with lots of potential, will be in demand very soon. This is a key reason why our MultiversX price prediction for the long term is significantly bullish.
It’s important to remember that MultiversX is a relatively new cryptocurrency. Though the original project started several years ago, the token (EGLD) only started trading on crypto exchanges about two years ago. It is not yet as popular as it can become.
With improving popularity, we know that EGLD will experience another significant price surge. It is rational to expect that MultiversX will become a lot more popular in a couple of years. That alone can improve the EGLD price meaningfully.
Keeping everything in mind, where does MultiversX long term price prospect leave us? A good number of prediction websites are being too cautious when it comes to EGLD future price. However, we need to be as realistic as possible.
You need to understand that a lot of factors will contribute towards determining the actual price come 2025. Regardless, our MultiversX price prediction for 2025 projects that the coin can rise to $570 per token.
Cryptoassets are a highly volatile unregulated investment product.
MultiversX Price Prediction 2030
MultiversX long term price forecast is important for individuals who intend to buy MultiversX and HODL it for years before selling. If you are interested in this investment strategy then it is time to pay closer attention as we explore EGLD's long term prospects.
Considering that MultiversX solves an important problem in the crypto space and offers an excellent infrastructure for developers, we can conclude that it will succeed. We also need to consider the fact that MultiversX network will host several dApps and smart contracts before 2030.
With the expansion of the MultiversX ecosystem, EGLD will offer more utilities than it currently offers. Depending on the direction the project takes in the future, it may become a very popular digital asset with several real-world use cases. That could be another major price boost.
Are you starting to understand why we asserted that MultiversX is one of the best altcoins to trade right now, even from the beginning of this MultiversX price prediction guide? Due to our research and analysis, we strongly believe in EGLD’s long term prospects.
It is also important to understand the role crypto adoption will play in MultiversX long term price forecast. It's generally believed that crypto adoption will grow significantly by 2030. A surge in crypto adoption will most likely result in a sharp rise in the prices of crypto assets, including EGLD.
When you put together the combined effects of crypto adoption and wider EGLD acceptance, you can understand better why our MultiversX long term price outlook is distinctively positive. The coin has the potential to explode and remain relevant for a long time.
There is no questioning the fact that MultiversX is here to stay. Also, there’s no disputing the fact that it will attract many new projects and users before 2030. So, how far can it go? Based on our research and analysis, the MultiversX price forecast for 2030 is $1,400.
Cryptoassets are a highly volatile unregulated investment product.
MultiversX Price Prediction 2040
If HODLing is a long-term game for you, then MultiversX could be one of the best crypto to invest in right now. Though it may not be classified as one of the cheap coins to buy now, it is still one of the most undervalued crypto assets at the moment.
Being undervalued means MultiversX has huge potential to yield profit. Its current price may not be a true reflection of current value and things can improve rather quickly. Buying now gives you an edge, even if you are planning to HODL for decades.
Besides crypto adoption, one major factor that can drive the price of digital assets like the MultiversX token (EGLD) is the advent of new use cases and crypto products. Bitcoin ETF, for instance, will definitely pave the way for other crypto ETFs to explode. Invariably, this will help improve valuation.
We must also consider the possibility of crypto going mainstream before 2040. The signs are there and people are working assiduously in different ways to make it a reality. If and when it becomes reality, prices of assets will likely appreciate.
MultiversX is definitely one of the best altcoins out there. So, how could EGLD price turn out to be in the long term? As per our MultiversX price prediction for 2040, we project that the coin could be worth as much as $3,200.
Potential Highs & Lows of MultiversX
Expectedly, MultiversX (EGLD) price will continue to fluctuate regularly. This section of our MultiversX price prediction guide will use a table to summarize the coin’s potential highs and lows for the strategic years we’ve covered:
| Year | High | Low |
|---|---|---|
| 2023 | $86 | $40 |
| 2024 | $220 | $170 |
| 2025 | $570 | $430 |
| 2030 | $1,400 | $800 |
| 2040 | $3,200 | $2,400 |
Cryptoassets are a highly volatile unregulated investment product.
What is MultiversX Used For?
Utility plays a key role in determining the price of a digital asset. So, what is MultiversX, which is considered a top altcoin, used for? We'll summarize the coin's use cases below:
Settling Transaction, Gas and Smart Contracts Fees
We’ve already established that a lot of activities are ongoing in the MultiversX ecosystem. The MultiversX token is used to settle for all of these transactions. It sets the parameter for payments within the ecosystem.
The MultiversX token (EGLD) powers the entire MultiversX ecosystem. It will continue to dictate what developers and other users of the network pay to access and utilize its infrastructure and associated services.
Method of Payment
MultiversX is also commonly used as a method of payment between interesting parties. It is a recognized digital currency, and it's easily acceptable within the crypto universe as a means of payment.
Like every other top cryptocurrency you can buy now, MultiversX token’s use extends beyond its ecosystem. Once interested parties agree to use it as a means of payment, transactions can be simple, fast and straightforward.
Staking for Rewards
MutiversX can be staked to secure the network and generate passive income for the holder. This is one of the simplest ways to make money with your MutiversX token (EGLD) without selling it.
Staking involves locking up digital assets for a specific time period. It is one of the core ways to secure a network and keep its economy in order. It's a nearly risk-free way to make money with digital assets, and MultiversX supports and enables it.
Paying for Services Offered By dApps
We already know that a lot of decentralized applications have been launched on MultiversX ecosystem. These apps offer services to millions of users across the world and they can pay with the MultiversX token.
As the MultiversX ecosystem improves, the number of services offered on the network will continue to improve. This also implies that EGLD’s utilities within the ecosystem will continue to improve.
As an Investment Vehicle
Searching for MultiversX price prediction means that you already consider the token as an investment vehicle. Like other cryptocurrencies out there, EGLD is an investment vehicle because it holds value and can appreciate with time.
As an investment vehicle, MultiversX conserves value for the owner and can always add value when market conditions are ideal. Depending on how the ecosystem develops in the coming years, it can surely become one of the best coins to buy as an inflation hedge.
How Could MultiversX Future Utility Affect Price?
We’ve established in this MultiversX price prediction guide that token utilities matter so much when it comes to the price of the asset. So, how can MultiversX future utility affect its price?
We’ve been consistent in detailing how MultiversX can improve in the long run. Smart contracts, decentralized applications and other supported crypt-related products will continue to launch within the ecosystem. These products will also continue to detect the value of the asset, going forward.
With every new use case, MultiversX value will continue to appreciate. In addition to the use cases that will be facilitated by decentralized apps and smart contracts on the platform, the development pattern within the wider crypto world will also be influential.
One of the external factors that can influence MultiversX price going forward is crypto EFTs. These are basically pooled investment funds containing cryptocurrencies. Bitcoin is the first crypto to be included in exchange-traded funds (ETFs), and we expect MultiversX to fit into valuable crypto ETFs with ease.
It’s an established fact that MultiversX will continue to expand as developers continue to build on it, which is why it is considered among the next crypto to explode.
Cryptoassets are a highly volatile unregulated investment product.
What Drives the Price of MultiversX?
Prices of assets like crypto, ETFs and stocks are ultimately determined by demand and supply. But then, there are specific factors that influence demand. Here, we’ll summarize some of the factors that drive MultiversX price and determines its value on the market:
Activities within the MultiversX Ecosystem
On several occasions, we’ve mentioned in this MultiversX price prediction guide that a lot of activities are ongoing within the ecosystem. These activities involve developers, investors, traders and regular users. These activities, also, exert a significant influence on the price of the asset.
As developers continue to create decentralized apps (dApps), smart contracts and other products within the ecosystem, the value of the entire ecosystem will continue to improve. Other activities, including trading and staking, will also have a significant influence on the price of the asset.
Social Media Activities
The influence of social media on the crypto universe cannot be overemphasized. This is basically because most people within the crypto space rely on social media platforms for information and updates. It influences the decisions of investors and traders, hence the value of assets.
Another major reason social media drives the price of crypto assets is that it is widely used within the space for marketing purposes. Like other assets, MultiversX has online communities based on social media. Their overall feeling towards the ecosystem has a huge influence on MultiversX long term price prospects.
Growth in Crypto Adoption
Crypto adoption has been growing at a decent pace, and its influence on the prices of assets cannot be overemphasized. The more people adopt cryptos, the higher the prices of assets go. This is true for both mainstream crypto assets and new altcoins like EGLD.
There’s strong evidence to suggest that crypto can go mainstream in the near future. Bitcoin has become a legal tender in El Salvador. This can happen in several other countries in the near future, and it reiterates the idea of worldwide crypto adoption. That, alone, can have a huge positive impact on MultiversX long term future price.
Crypto Market Regulation
The crypto market remains widely unregulated, regardless of the giant strides recorded in the industry. It's also common knowledge at the moment that world leaders are discussing crypto regulations. Of course, market regulation normally has a strong influence on the prices of assets.
While it’s impossible to determine with certainty how crypto regulation will affect MultiversX price, we understand that its impact will be meaningful. It’s more likely that a well-regulated crypto market will result in higher prices for digital assets like EGLD.
Institutional Investment
The place of institutional investment in the life cycle of a digital currency should never be taken for granted. Like other assets, MultiversX has been able to attract a good number of institutional investors, and we expect the number to continue to grow.
Institutional investments add legitimacy and value to a blockchain and its ecosystem. It demonstrates trust and can always have a significant influence on the price of an asset. As new institutional investments flow to MultiversX, the value of its token will continue to rise. It’s another important reason to believe in a bullish MultiversX price prediction.
Cryptoassets are a highly volatile unregulated investment product.
Latest MultiversX News
Before we call it a wrap in this MultiversX price prediction guide, it’s necessary that we mention the importance of latest news and the need to stay updated at all times. Common sense demands that you monitor the performance of any asset you invest in, and that should also be the case with MultiversX. Here are some of the most talked-about MultiversX latest news:
- The first stable-swap decentralized exchange (DEX) named AshSwap launches on the MultiversX mainnet, improving the
- MultiversX announces EGLD staking as well as the integration of EGLD staking into the Ledger Live App
- MultiversX launches Web3 culture hub xSpotlight, following the successful release of Inspire Art and the aggregation of millions of NFTs
- MultiversX starts a Web3 ‘Super App’, xPortal, set to offer connection to Web3 apps and virtual worlds
Conclusion – MultiversX Price Prediction
This guide has provided what we consider the most comprehensive MultiversX price prediction. We’ve covered both short term and long term MultiversX price forecasts, as well as the factors that drive price movement.
We’ve established that MultiversX is one of the best altcoins out there. Buying EGLD now can be a good investment as it is currently one of the most undervalued crypto assets. We also recommended eToro as one of the best platforms to buy MultiversX.
We’ve covered the most important information you need in order to determine whether MultiversX is the right investment for you. You should realize that it is a volatile asset that will fluctuate from time to time. Therefore, you must be cautious while investing.
Cryptoassets are a highly volatile unregulated investment product.
Other Crypto Price Predictions
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eToro – Best Platform To Buy Cryptocurrencies
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Cryptoassets are a highly volatile unregulated investment product.
MultiversX Price Prediction: Short and Long-Term Prediction (Honest Opinion)
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FAQs MultiversX Price Prediction
What was the starting price of MultiversX?
The starting price of MultiversX, as recorded by Coingecko on its first day on the market on 3rd September 2020, was $17.59 per token.
What was MultiversX' highest price?
MultiversX all-time high price was 7th October 2020, when the coin hit $545.64 per token. As expected, this was short-lived, and EGLD price took a nosedive right after that. However, it is beginning to show signs of a major revamp.
What will MultiversX be worth in 2023?
Based on our research and analysis, our MultiversX price prediction for 2023 is $86. This is not close to the all-time high value, but it will be a major improvement to EGLD’s current price.
What is the MultiversX price prediction for 2024?
Our MultiversX price prediction for 2024 estimates that the coin could reach a valuation of $220.
How much will MultiversX be worth in 5 years?
There are serious reasons to believe that EGLD will continue to improve and become widely accepted for both online and offline transactions. A major price surge is possible within five years, and we estimate that MultiversX will be worth as much as $880 per token.
What is MultiversX price prediction for 2030?
According to our forecasts, MultiversX price prediction for 2030 is $1,400 per token. This major price gain will be facilitated by the wider adoption of cryptocurrencies across the world, as well as the improved utility of the MultiversaX token (EGLD).
Will MultiversX go up?
Yes, MultiversX is likely to go up in the future. Though it has dropped considerably from its recorded all-time high price, the chances of significant improvements are currently high.
Is MultiversX a good investment?
Yes, MultiversX is a good investment. Based on our MultiversX price forecast and the nature of the network, a meaningful price gain is possible. That implies that the chances of making a reasonable profit by investing in the coin are high.