Price Prediction

Elrond Price Prediction: Will EGLD Price Hit $500 by 2021?

Elrond is an eminent cryptocurrency project which is a highly scalable, fast, and secure blockchain platform for distributed applications. It relatively has a 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.

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

Overview

CryptocurrencyElrond
TokenEGLD
Price$ 138.2700
Market Cap$ 2,384,472,624.0000
Circulating Supply$ 17,245,192.0000
Trading Volume$ 499,469,724.0000
All Time High$ 214.1200     February 9, 2021
All Time Low$ 6.5100     October 7, 2020

What is Elrond?

Elrond is a highly scalable blockchain network powered by a 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.

Elrond is found by Beniamin Mincu, Lucian Mincu and Lucian Todea.

Elrond Technical Analysis

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.

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 an all time high of $215.87on February 09, 2021.

It may reach a new high facilitating major updates and might compete with other currencies by entering into the 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 to be bearish. Further with bulls acquaintances, EGLD might hit the $360 mark by the end of 2021.

EGLD Price Prediction 2022

Elrond might continue the year 2022 with a price of $362 by the start of January. The price might reach a 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.

5 Years Elrond Price Prediction

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 reach the end of 5 years is $834.242, Elrond could hit the $1200 mark.

Elrond Market Prediction

  • CoinArbitrage

According to CoinArbitrage, Elrond price could be $112.784 at the end of 2021 and in the next 3 years, the highest elrond price would be $807.123 and the lowest could be $69.7005.

  • TradingBeasts

According to TradingBeasts, EGLD would trade at a maximum price of $231.872 at the end of 2021 and $458.289 by the end of 2024.

  • WalletInvestor

According to WalletInvestor, EGLD is a profitable investment and its price could be $351.30 at the end of 2021 and anticipated to trade at $1159.800 by the end of 2025.

Our Elrond Price Prediction

Erlond commenced the year 2021 with a price of $24.80. With certain variations, dramatically the currency recorded an all time high by soaring to $215.87.

Elrond’s price 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.

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Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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