What crypto-currency am I talking about? This is the Elrond coin, especially with respect to its new crypto currency Elrond Gold or EGLD. The price has been rising steadily since the beginning of the year. On 1. In January, it was originally $25.93. At the time of writing, it was worth $204.
But why the parabolic cannon? Has Elrond reached his prize yet? What exactly is Elrond, and what makes him special? This article attempts to answer this question and many others. We analyze his price forecast and get an idea of what the future holds for this crypto-currency and whether EGLD has any other opportunities.
EGLD Historical Price Analysis
In this article we will look at the price and analyze the predictions of the newly minted Elrond token – EGLD. The old DRE token will no longer be used, although you can still buy and own DREs as ERC-20 and BEP-2 tokens. Each owner can exchange his DRE for a DGE at a rate of 1,000 DREs: 1 EGLD. According to CoinMarketCap, there is no difference between ERD and EGLD except the name and designation.
According to CoinMarketCap, EGLD at 4. September 2020 began his record run and price. It all started with a price of $17.46. After that initial excitement, the price dropped a bit, as it often does, and stuck in the low double digits. It stayed there for several months until it climbed back into the double digits in early December 2020. It ended that same year at $24.80.
The award continued into the new year with the rising moon. Indeed, during the last week of January, the share price rose parabolically and reached a new high on the 9th trading day. February 2021 $202.35 before pausing and falling. It began to consolidate during the month of March before moving higher again, reaching a price of $243.93 at the time of writing.
Current price, marginal market price and detailed supply information
At the time of writing, EGLD is ranked 35th in the overall crypto currency market. The price is currently $243.93.
The maximum stock of EGLD is 31,415,926 with a turnover margin of 17,289,614.
It’s up +15.75% in the past 24 hours and +44.51% in the past 7 days.
His previous token, ERD, is both an ERC-20 token and a BEP-2 token. You can use the Elrond deck to convert these tokens into their own EGLD tokens.
Elrond (EGLD) Expected future price Expected future price
Based on several reliable statistical analyses, the price of EGLD continues to follow an upward trend. Sites like Walletinvestor are very optimistic about Elrond and even predict a price of $400 by May 2022. By April 2023, a 200% increase is expected.
Other sites like Digitialcoin also offer a positive view on the price of EGLD. He expects the price to reach $349 by the end of 2021. It is expected to nearly double by 2022.
Elrond Price forecast 2021
Based on the 2021 tariff schedule, the EGLD rate is expected to increase by an average of 41.04%. The price is expected to reach $398.73 in May, but a few months later it is expected to start rising again.
Still, investors can take solace in the fact that the price will pass the $300 mark in 2021, which is well above the current price.
Elrond 2022 price forecast
It is expected that the price of EGLD will increase even more than last year. Current estimates place the price per GLD generally above $400, although there will be some price declines, particularly in April, August and October.
With an average price increase of +75%, even these declines will not hurt an investor’s portfolio if they buy a few EGLDs now.
Elrond 2025 Price forecast
By 2025, the average price is expected to be $729.78! That’s triple the profit!
The price varies from month to month in the coming year. So we expect a drop in price to around $650 in March before a small parabolic rise to $804 in April. Despite these huge gains, investors should be prepared for major price swings in 2025.
Is Elrond a good investment?
Based on the analysis of various calculations and websites, we can say that Elrond seems to be a good investment. And that’s just talking about the price expectation. We haven’t even talked about the basics of Elrond and the unique features of its smart contract platform.
However, there are some concerns that should be mentioned. Most of the current EGLD is owned by a few addresses. Moreover, Elrond’s own terminal shows that of the 485,526 users, 231,673, or about half, have 1 EGLD or less in their portfolio. This means that whales hold a significant amount of EGLD, which can lead to price manipulation and dumping.
With this in mind, investors looking to buy EGLD should not only be cautious, but also buy when there is a decline and the price begins to consolidate around that price.
EGLD can be purchased on many marketplaces, but the most popular is Binance. There you can buy on USDT, BTC, BUSD and BNB. EGLD is also available on Binance.US.
Other well-known exchanges with high or at least sufficient liquidity are Bitfinex, Gate.io, Crypto.com Exchange, OKEx, Bithumb Global and others.
What is Elrond (EGLD)?
In a nutshell, Elrond is a blockchain protocol that aims to offer extremely fast transactions via sharding and describes itself as a technological ecosystem for the new internet. Although the white paper was published in 2018, the main network was not launched until late July 2020.
While Elrond is a competitor to Ethereum and an alternative to Cardano, Polkadot, Solana and Avalanche, it has a few unique features that set it apart. First, the name comes from the character of the half-elf in Tolkien’s classic novel, The Lord of the Rings. Second, it uses an adaptive state hinge that allows for incredible values over time. It also uses a new consensus approach called Secured Proof-of-Stake (SPoS). Not only does this make consensus much more efficient, but it also provides an unbiased approach to randomness that allows nodes to generate new blocks.
Similar to Polkadot and Avalanche’s consensus protocol, Elrond’s consensus takes it to the next level by separating transactions, validators, and even recording transactions between shards. SPoS ensures that no shard is corrupted by randomly selecting 61 validators in each shard and choosing one of them to validate the transaction, based on its reliability and the number of EGLDs set by the validator. This allows Elrond to theoretically process up to 15,000 transactions per second !!!!. That’s way more than the 4,500 tx capacity of the Avalanche!
In addition, Elrond’s VM uses WebAssembly, which allows developers to create smart contracts and dumps using various programming languages. As a bonus, the protocol also supports developers based on its blockchain, allowing them to earn 30% of their smart contracts in the form of royalties.
The proprietary token, EGLD, is used for betting, administration and transaction fees.
Elrond was co-founded in 2017 by brothers Benjamin and Lucian Minku and Lucian Todea. The Minku brothers are no strangers to startups. Previously, they were co-founders of MetaChain Capital and ICO Market Data.
Benjamin Minku was also the head of product, marketing and community for blockchain platform NEM from 2014 to 2015 and was an early investor in projects such as Zilliqa, Tezos and Binance.
The information about Lucian Todia can be described as a serial entrepreneur. Previously, he was founder and CEO of Soft32 and a partner in MobilPay.
Myar and Elrond Portfolio
The Maiar wallet is a practical and discreet Elrond wallet. It allows you to buy, send and receive EGLD, BNB and Ethereum. The portfolio also has a generous referral reward program. Any user who lets someone use a wallet and buy EGLD will receive a commission of 100%, and 50% for all other crypto assets.
Elrond’s portfolio, on the other hand, is a browser’s portfolio. It’s also not mandatory and, unlike the Maiar wallet, you don’t have to provide your phone number. Plus, you can bet on Elrond’s portfolio, whereas you can’t with Mayar.
Elrond is a great project with a lot of growth potential. Not only are the features unique, but they offer simple, user- and developer-friendly features that you’re unlikely to find on other blockchain platforms. Moreover, its decision to issue a new native token with a significantly reduced offering is likely one of the reasons EGLD is experiencing a parabolic rise. And with the continued announcement of new partnerships, there is still plenty of room for growth.
However, there is concern about the number of EGLDs held by these few addresses. If the price continues to rise, there is always the risk that whales will flood the EGLD market, causing the price to fall. In addition, Elrond still faces stiff competition from Ethereum, Polkadot, Cardano and Avalanche. While Elrond offers developers many tools and features to build on, its competitors also have their own strengths. Time will tell if Elrond’s journey has only just begun.
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