Recent developments in the cryptocurrency world have also hit EGLD, one of the leading altcoins. EGLD has gained 0.3 percent in the last 24 hours, according to CoinGecko data.
Although EGLD is currently trading at $34.9, it made its ATH at $540 in 2021.
EGLD Long Term Price Forecasts
Elrond is a blockchain protocol that can perform extremely fast transactions using data fragmentation. The project defines itself as a new generation internet ecosystem that includes technologies such as FinTech, decentralized finance and Internet of Things (IoT).
EGLD price prediction is based on expert opinions, technical analysis and previous movements.
EGLD’s daily chartIf we look at the snapshot view of EGLD, we can see that it has gone through a long decline period and then continues in a horizontal course. EGLD is currently receiving a reaction from the $34 support. The first rise on the EGLD side can also take us to the $39 band.
EGLD’s price forecasts by yearConsidering the current outlook, it does not make much sense for analysts and experts to make high valuations for EGLD at the end of the year. The inflationary situation in the world and the interest rate hikes by countries have a negative impact on the price of EGLD.
The estimated maximum value for EGLD by the end of 2022 is $50, while the minimum value is estimated at $44. In 2023, this situation is $ 70, while the maximum is $ 81.7. When we look at 2024, we see a price forecast ranging from $ 98.2 to $ 119.6. When we look at when EGLD reaches its ATH, the estimates point to the year 2028. In 2030, EGLD has an estimated minimum value of $968.39 and a maximum value of $1,141. If we take a look at 2031, the last year of the analysis, we see that the highest estimated value of EGLD is in the $1,684 band.
Of course, it is also useful to note that these analyzes and estimates are made only by considering the current outlook. Of course, it is difficult to predict what will happen about crypto money and Blockchain in the future. These analyzes are based on opinions and past movements of cryptocurrencies to shed light on the current outlook.
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