Price Prediction

Elrond (EGLD) Price Prediction : Will EGLD hit $1000 by 2021?

Elrond is an eminent cryptocurrency project which is a highly scalable, fast and secure blockchain platform for distributed applications. It is established to provide high level interoperability with fast execution speed compared to other smart contracts platforms.

Do you know? Elrond intends to provide high network speeds which can process 10,000 to 15,000 transactions per second.

Elrond price remained silent since its inception, yet rallied like a monster with the beginning of 2021. The rally from just below $25 to as high as $243 within a couple of months attracted many traders. Are you willing to be one of them?

Then this piece of writing is for you. In this article, we will discuss thoroughly about the Elrond price prediction for 2021 and beyond. Also you will have a clear outlook whether EGLD Price will rise or crash.

Overview

CryptocurrencyElrond
TokenEGLD
Price$ 165.2300
Market Cap$ 2,909,070,319.0000
Circulating Supply$ 17,684,416.0000
Trading Volume$ 115,156,347.0000
All Time High$ 243.9200     April 12, 2021
All Time Low$ 6.5100     October 7, 2020

Fundamental Analysis of Elrond

Elrond is a highly scalable blockchain network powered by Proof of Stake and adaptive sharding mechanism. The network’s main aim is to eradicate some drawbacks found in earlier blockchain projects like full decentralization, cross chain interoperability, robust security and high scalability. The project specifies itself as a technology ecosystem for the new internet including fintech and decentralized finance. Its native token eGold or EGLD is used for paying network fees and rewarding validators.

Founded by Beniamin Mincu, Lucian Mincu and Lucian Todea, the platform encourages developers to build on it and provide 30% of the smart contract fees as royalties. The company also maintains a specified supply of ELGD tokens which is staked on its network all along the first year. The validator nodes also receive a 36% annual rate.

Also Read: YF Link Price Prediction, Will YFL Hit $1000 by the End of 2021?

Elrond Price Prediction 2021

EGLD entered the year 2021 with trading value $24.80. On a bullish note, Elrond started an upward trajectory and progressively hit the highest levels in mid-february. However the price declined to certain extent, yet raised high during April around $227 and dropped again. 

 It may reach a new high facilitating major updates and might compete with other currencies by entering into top 20 rankings by market capitalization. However, by observing the historical price events and fundamentals.Elrond might fall around the $65 mark if the market turns bearish. Further with bull acquaintances, EGLD might hit the $360 mark by the end of 2021.

Elrond Price Prediction 2022

Elrond might continue the year 2022 with a price of $362 by the start of January. The price might reach newer heights with initiating certain partnerships and developments of its protocol by the community. The token may decline to the $100 mark if it fails to perform well. By the end of 2022, EGLD might be traded at $655.

Price Prediction For The Next 5 Years

In 5 years, EGLD might concentrate on enhancing the scalability and interoperability of the platform and the price is expected to rise high if the community succeeds to provide the required updates and developments by the users. It might even compete with other altcoins platforms amid transaction speeds. The currency may sink around the $250 mark if the market continues to be volatile for a longer period of time. However, the highest level Elrond price could reachBy the end of 5 years$834.242, Elrond could hit the $1200 mark.

Market Prediction For Elrond Price

Cryptonewz

According to CoinArbitrage, Elrond price could be $250 at the end of 2021 and reach $460 by the end of 2025.

Gov.Capital 

According to Gov.capital, EGLD would trade at a maximum price of $326.9 at the end of 2021 and $1467.28 by the end of 2025.

WalletInvestor

According to WalletInvestor, EGLD is a profitable investment and its price could go up from $183.97 to $548.26 in the coming year and reach $1983.75 by the end of 2026.

Digitalcoinprice

Digitalcoin price analysts predict the ELGD price would reach $265.49 by the end of 2021 and $555.16 by the end of 2025.

Our Elrond Price Prediction

Elrond price with certain variations, might escalate higher, if the community enters into strategic partnerships with certain projects. The price may plunge to $150 if the bulls fail to push the prices high. At the end of 2021, Elrond might be traded at $380.

Also Read: Solana Price Prediction, Will SOL Hit $100 by the end of 2021?

Historic Market Sentiments

2020

According to Coinmarketcap, Elrond entered the crypto space on 05 September 2020 with trading value $17.33. Surprisingly, the token sank to $12.01 within a day of trading. Later, the price started to variate and dropped to $10.11 by the end of September. Further the coin declined to as low as $7.83 by mid October and the currency managed to be stable with certain variations and reached $9.07 by the end of November. 

Dramatically, Elrond steadily started to rise in December. Interestingly, the token hit $29.26 in the end of December as it was recognized by the marketers and further declined to $23.76 to end the year’s trade.

Is Elrond using the  Proof of Work consensus algorithm?

No, Elrond uses the Proof of Stake consensus algorithm.

What makes Elrond a unique currency than others?

Elrond is unique than other currencies as it is developer friendly, secure and efficient mechanism.

What is the transaction processing time of EGLD?

EGLD can process 10000-15000 transactions per second.

Is Elrond a profitable investment?

Yes, Elrond might be a profitable investment for the long term as it is anticipated to rise.

Where to trade Elrond?

Elrond can be traded on the popular exchanges like Binance, CoinDCX, EtoroX, OKEx, WazirX and many more.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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