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.
Among the most altcoins that flourished this year, EGLD is one of the assets that surprised the crypto space with massive gains. Elrond also holds the record in its name for being the first blockchain in the world with a genuine state sharding scheme to provide enhanced scalability, energy-efficient network through a Secure Proof of Stake (SPoS) consensus mechanism.
Willing to know more about the EGLD platform, then this piece of writing is for you. 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.
|Market Cap||$ 5,410,741,644.0000|
|Circulating Supply||$ 19,945,608.0000|
|Trading Volume||$ 233,804,520.0000|
|All Time High||$ 300.5600 September 14, 2021|
|All Time Low||$ 6.5100 October 7, 2020|
What is Elrond ?
Elrond (EGLD) platform being a blockchain protocol seeks to provide fast and secure transaction speeds by using sharding. The EGLD’s smart contracts execution platform has the potential to handle 15,000 transactions per second.
The Elrond blockchain has its own native token named as eGold or EGLD, which is utilized to pay network fees, rewarding network validators, and staking. Elrond works on a Secure Proof-of-Stake consensus mechanism in which nodes must stake their EGLD tokens to participate in the validation process.
Elrond is a highly scalable blockchain network powered by Proof of Stake and an adaptive sharding mechanism. According to its whitepaper, it intends to develop its ecosystem and establish Elrond as a store-of-value asset.
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.
Elrond Price Prediction 2021
EGLD entered the year 2021 with a trading value of $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 a certain extent, yet raised high during April around $227 and dropped again.
The market crash happened on May 19th, 2021, EGLD price dropped from $239.45 to $59.45 on 22nd July 2021. The EGLD price hovered around $85 for August month. EGLD regained bullish momentum in the month of September. The price hit a new ATH of $280.96 on September 14th, 2021.
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.
EGLD 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 reach by the end of 5 years$834.242, Elrond could hit the $1200 mark.
Market Prediction For EGLD Price
According to CoinArbitrage, the Elrond price could be $250 at the end of 2021 and reach $460 by the end of 2025.
As per walletinvestor predictions, ELRD is forecasted to hit a maximum price of $322.232, minimum it would flip to $196.079. The token is expected to trade at an average price of $260.718. Walletinvestor anticipates ELRD to trade at an average price of $1012.070. And maximum price expected is $893.894, minimum it would plunge back to $951.991 by 2025.
Digitalcoin price analysts predict the ELGD price would reach $314.51 by the end of 2021 and $657.66 by the end of 2025.
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.
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.
|Year||Potential High||Potential Low|
Historic Market Sentiments
According to Coinmarketcap, Elrond entered the crypto space on 05 September 2020 with a trading value of $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 at the end of December as it was recognized by the marketers and further declined to $23.76 to end the year’s trade.
No, Elrond uses the Proof of Stake consensus algorithm.
Elrond is unique than other currencies as it is developer friendly, secure and efficient mechanism.
EGLD can process 10000-15000 transactions per second.
Yes, Elrond might be a profitable investment for the long term as it is anticipated to rise.
Elrond can be traded on the popular exchanges like Binance, CoinDCX, EtoroX, OKEx, WazirX and many more.