Elrond (EGLD) Price Prediction 2021 and Beyond – Is EGLD a Good Investment?

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Update on Elrond: Elrond still is one of the biggest projects in the crypto community. A lot of hype is created around Elrond. The price prediction for Elrond 2021 is that can $300 easily by the end of 2021.

The cryptocurrency market has seen massive gains throughout 2021. These massive gains have attracted many new inventors to the market, paving the way for the creation of better and more efficient coins. Until today, most of the big coins like Bitcoin (BTC) or Ethereum (ETH) were critiqued because of different reasons. Some critiqued them for the Proof-of-Work method of validating a transaction and others critiqued them for their high fees and slow transaction times. However, because new inventors are being introduced to the crypto market each day, coins that overcome the above-mentioned problems are coming into existence. One of these new coins is Elrond (EGLD). Elrond combines the useful and efficient parts of many coins into one, aiming to be the future of the new internet economy. But is Elrond the right choice for your investment? Does it have a future? Will you be able to benefit from it? All of these questions and much more information will be talked about throughout this article.

What is Elrond (EGLD)

To begin with, let us talk about how Elrond came to be. Elrond was founded in 2017 by a team of three experienced Tech Entrepreneurs named Beniamin Mincu, Lucian Todea, and Lucian Mincu. Even though it was founded in 2017, the Elrond mainnet went live after 3 years, in July 2020. The main goal of Elrond is to create a decentralized network that can provide better performance than centralized networks, providing high-level scalability, interoperability, and high throughput. Elrond plans on accomplishing these goals using the Secure Proof of Stake (SPoS) consensus mechanism, and its unique technology called Adaptive State Sharding. This unique setup gives Elrond the speed of 5000 transactions per second per shard. In simple words, the low supply of Bitcoin (BTC), the programmability of Ethereum (ETH), and the speed of Nano (NANO) have all been combined in one single cryptocurrency named Elrond.

Adaptive State Sharding involves breaking up a blockchain into multiple pieces called shards. Consequently, this increases transaction speed because you divide the transactions between different clusters of validator nodes, running shards on the blockchain, and process them in parallel. Compared to a regular blockchain that requires all the validators to process one transaction at a time, this method is faster because many transactions can be processed simultaneously.

Is Elrond a DeFi Coin?

In order to answer this question, we should first look at the meaning of DeFi. DeFi is short for Decentralized Finance, a term that stands for a variety of financial applications in cryptocurrency. Being decentralized means that several entities hold a copy of a history of transactions, unlike traditional finance, where only one central source has access to it. Under the umbrella of DeFi fall many applications, some of the most widely known are:

  • Decentralized exchanges (DEXs)
  • Lending Platforms
  • Liquidity Mining
  • Stablecoins
  • Prediction Markets
  • Launchpads

As for Elrond, since its aim is to become the foundation of a borderless, permissionless, globally accessible internet economy, it is indeed a DeFi coin. Moreover, Elrond has released a DeFi 2.0 module, which is set to address the main problems of existing platforms. The Elrond platform will deliver low-cost transactions, a high-bandwidth blockchain network, and a user-friendly interface in order to give an easier time to holders using DeFi services. Another thing worth mentioning is the integration of Non-fungible tokens (NFTs) directly into the Elrond protocol, with built-in royalties and true ownership. 

Before we dive into the price analysis for Elrond (EGLD), we should note that, according to CoinMarketCap, the old Elrond (ERD) currency underwent a redenomination of 1000 ERD: 1 eGLD, and name change from ERD to eGLD, which is short for eGold. There is no difference between the two except the above-mentioned features.

Elrond (EGLD) Price Analysis

Just like most cryptocurrencies, Elrond has seen a major increase in price during the last bull run, setting a new all-time high of $245.56. Being relatively new to the cryptocurrency market, Elrond is yet to find its place there. Many experts claim that, even though Elrond mainnet has been released, the true potential of Elrond has not been achieved yet. At the time of its release, Elrond had a price of $15.32 and it sat around that price for quite some months, until this year’s bull run. Elrond has seen a 3511% increase during the last 365-day period, having a low of $6.80 and a high of $245.56. However, the last weeks have not been so fruitful for the coin which experienced a drop of 59.93% in price. It did not take long for Elrond to bounce back and continue its upward trend. At the time of writing, the coin is sitting at a price of $102.21, about $143 below its all-time high.

How Many Elrond Coins Are There?

For every coin, one factor that plays a major role in their price is the supply. The maximum supply of a coin can be limited or unlimited; meaning that if a coin has an unlimited max supply, an infinite amount of that coin can be produced, while for a limited max supply, only a specific number of coins will be ever created. What increases the potential of Elrond is the scarcity of its supply, having a circulating supply of only 17.5 million and a maximum supply of 31.4 million. Elrond aims to distribute the rest of the supply that is yet to start circulating to people who are and will continue to stake eGLD. This process is thought to last about 10 years from the day of the mainnet Elrond release. Because of this low supply, the price of Elrond is heavily affected by every investment – unlike coins like BitTorrent (BTT) that have a huge supply – making it easier for its price to skyrocket in the near future. 

Elrond Price Prediction 2021

This year has been, by far, the best year that most, if not all, cryptocurrencies have experienced. There are coins that have seen their prices increase about 20,000% in a matter of only 1 year, making many people millionaires. However, everything has to come down at some point. The last market correction was huge and hit the cryptocurrency market hard, with some coin prices dropping as much as 90% in a 24-hour period. 

When it comes to Elrond, this year has proven itself as a great year for the coin’s growth. Elrond entered 2021 with a price of $25.06, and in just a month, its value went up to $202.35. After dropping down to $110.42 and building its resistance there, the coin skyrocketed again to break its all-time high, hitting a price of $245.56. Just like most of the coins, Elrond suffered a huge hit in its price after the last market correction, seeing its price plummet to $77.58 just last week. However, the coin has been recovering and its price is growing day by day. According to CoinPedia, Elrond might hit the $360 mark by the end of 2021, therefore breaking its current all-time high.

Elrond Price Prediction 2022 and 2023

Elrond is a coin that comes with many features and innovative plans that may revolutionize the way we view blockchain. Since this coin is relatively new to the cryptocurrency market, we believe that it still has a long way to go before it reaches the value it deserves. According to CryptoCoinSociety, EGLD might enter 2022 with a price of $334.79 and experience growth of 10.77% in 2022, giving it the price of $370.7 at the end of the year. As for 2023, it is predicted that the price may continue to grow and, compared to the price the coin has today, Elrond could see a 94.25% increase, leaving it with a price of $468.29 at the end of the year.

Elrond (ELGD) Price Prediction 2021 and Beyond - Is ELGD a Good Investment?
EGLD price prediction for 2022-2025. Source: CryptoCoinSociety

On the contrary, DigitalCoinPrice predicts that the price of EGLD might be lower. According to them, EGLD may experience an increase of only 74.09% in value by 2022, giving the coin the price of $176.38 by the end of the year. Consequently, it is predicted that for the year 2023, EGLD may reach a price of $200.

Elrond Price Prediction 2025 and 2030

Since cryptocurrencies are still a thing of the future, it is expected that they could see excessive implementation in our daily lives by the end of the decade. This means that more money will flow through the cryptocurrency market, consequently increasing the value of many cryptocurrencies. As for a coin this innovative and efficient like Elrond, the future is blindingly bright. According to DigitalCoinPrice, the price of Elrond might reach $455.88 by the year 2028, leaving the investors with gains as high as 350.64% on their investment.

Elrond (ELGD) Price Prediction 2021 and Beyond - Is ELGD a Good Investment?
Elrond (EGLD) Price Prediction 2021-2028. Source: DigitalCoinPrice

On the other hand, we have a more optimistic forecast on the future of the price of Elrond (EGLD) made by CryptoCoinSociety. This one predicts that by the time 2025 rolls around, the price of Elrond could be around $729.78, leaving the coin with a 621.78% increase in its price. 

What Will Elrond Be Worth in 5 Years?

As mentioned before, Elrond has taken the good elements of the top cryptocurrencies and combined them together to form something revolutionary. Since it has a low supply, fast transaction speeds, and it provides a platform for Decentralized Applications (DApps), Elrond could see massive gains throughout the years. 

Based on many analyzes from various crypto analysts, it can be confidently stated that the price of Elrond might be around $360-$510 in 5 years. According to GovCapital, the price of Elrond may be around $1467.28 in 5 years, a prediction that is rather optimistic if we compare it to many other predictions done regarding the coin. 

How Do I Get Elrond Crypto?

There are three main ways you can get your hands on a cryptocurrency, you either buy them using fiat money, by mining them, or by staking them (similar to mining). Just as for every other cryptocurrency, you can either buy Elrond or mine it. At the time of writing, Elrond (EGLD) can be purchased on cryptocurrency exchanges such as Binance, Bitfinex, BitMax, and OKEx. You can purchase Elrond by using fiat currencies or other types of cryptocurrencies. At the time of writing, EGLD has 5 market pairs on Binance (EGLD/EUR, EGLD/USDT, EGLD/BUSD, EGLD/BNB, EGLD/BTC), 2 of which are stablecoins.

Since Elrond does not use Proof-of-Work to validate its transactions, it is not a coin you can mine directly; however, you can start making gains by staking it. This happens through a process known as Proof-of-Stake during which you validate transactions by staking your cryptocurrency, for which you get rewarded in cryptocurrency. Staking is a process whereby anyone with a minimum-required balance of a specific cryptocurrency (on a PoS blockchain) can validate transactions and earn staking rewards by simply not selling that particular cryptocurrency.

What is the Elrond Wallet?

In order to store your crypto assets, you will need a wallet. Elrond has its own official wallet with a simple user-friendly UX. This wallet was designed to securely transfer, receive, and store your Elrond tokens. What gives this wallet somewhat of an advantage is that you can also use it to stake your Elrond and interact with Elrond DApps, making it perfect for people who want to continuously use this particular cryptocurrency. 

However, the official Elrond Wallet is not the only wallet that is preferred to use for storing your Elrond coins. Maiar wallet is another wallet that is powered by the Elrond blockchain. This wallet lets you buy, hold, and receive Elrond (EGLD), Binance Coin (BNB), and Ethereum (ETH) on your phone, be that an IOS device or an Android device. The main advantage that the Maiar wallet has over the Elrond wallet is having it on your phone, unlike the Elrond wallet which can be accessed by only using a browser.

Is Elrond Wallet Safe?

When we talk about cryptocurrency wallets, the main concern that we have is the safety of our assets. The official Elrond wallet is a web wallet that you can only access through a browser and does not offer 2FA, giving many people security concerns. However, there have not been any reported cases of compromised assets where the Elrond blockchain was to blame. 

In general, this wallet is simple, secure, and easy to store, send, receive, and transact their EGLD tokens as long as the user keeps all their passphrases and private keys protected and do not share them or store them online. Since the wallet is completely built on the Elrond blockchain, it is considered secure and, to some extent, invulnerable to cyber-attacks.

Can you Buy Elrond on Trust Wallet?

Trust Wallet was founded in 2017 by Binance and serves as the wallet of Binance. Since it was founded by Binance, the fees of Trust Wallet are paid with Binance Coin (BNB). At the time of writing, Trust Wallet has more than 5 million active users and supports 40 blockchains and more than 160,000 assets. In October 2020, Elrond announced its partnership with Trust Wallet, giving the 5+ million users of Trust Wallet the privilege of buying, selling, and storing Elrond coins on the app. To do so, you will have to follow these steps:

  1. Download Binance and Trust Wallet app on your IOS or Android phone
  2. Open a wallet on Trust Wallet
  3. Buy BNB on Binance
  4. Send that BNB to your Trust Wallet
  5. Go to the Decentralized Exchange (DEX) on the Trust Wallet app
  6. Locate ERD/BNB market pair
  7. Buy the preferred amount
  8. At the top of the DEX tab press Swap
  9. Swap your ERD tokens with EGLD tokens (1000:1 ratio)

Is EGLD a Good Investment 2021?

Elrond is one of the most useful cryptocurrencies without a doubt. Actually, many experts think that it is way ahead of its time. Even though you might think that you missed the train on this coin, many predictions show that this is just the starting point for the price of the coin. The success of a cryptocurrency is closely linked to the attention that it is getting from the media, and Elrond is rarely mentioned in the media. If this coin gets even the slightest attention that some coins have been getting throughout the last months, it could skyrocket. 

Having a low supply and being as useful as Elrond are some factors that a cryptocurrency needs to have long-term success. Additionally, because this coin uses Proof-of-Stake Consensus Mechanism, you will get rewarded for holding the coin, even if the prices fall every now and then. Therefore, it might be a good choice to buy and hold (HODL) some Elrond since you will continuously get rewarded for it.

Also Read: Elrond Price Prediction September 2021: EGLD Correction To Happen Soon


  • Elrond uses Proof-of-Stake Consensus Mechanism to validate transactions on its network.
  • Elrond blockchain uses Adaptive State Sharding, allowing it to process 5000 transactions per second per shard.
  • Elrond released a DeFi 2.0 module, where it tackled the main problems with current DeFi and its plans to fix them.
  • The old Elrond currency underwent a redenomination of 1000 ERD :1 eGLD.
  • It has a Circulating Supply of 17.5 million and a Maximum Supply of 31.4 million; whereby 10 million will be distributed to users who stake their coins throughout this decade.
  • Its price may reach heights as high as $360 by the end of 2021, breaking the current ATH.
  • According to many predictions, the price of the coin will skyrocket in the next 5 years, the most optimistic prediction being that of GovCapital which gives it a price of $1467.28 after 5 years.
  • You can buy Elrond using cryptocurrency exchanges such as Binance, Bitfinex, OKEx, and BitMax. 
  • If you hold your Elrond coins, you will be eligible for Staking Rewards.
  • The official Elrond wallet is a browser wallet where you can trade, store, and stake your Elrond. Moreover, you can use them to interact with many DApps available on the blockchain.
  • You can buy only old Elrond coins on Trust Wallet, however, you can swap them for new Elrond coins with a 1000:1 ratio respectively.
  • According to the current trend, now is a good time to invest in Elrond.


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