AI Prediction for MultiversX (EGLD) Price at Year-End

AI Prediction for MultiversX (EGLD) Price

MultiversX (EGLD), formerly known as Elrond, is rapidly solidifying its position as one of the most technologically advanced blockchain platforms.

Currently trading at $49.70, EGLD has gained 10.8% over the past week and an impressive 71% over the last month, reflecting growing investor confidence.

Praised by Cyber Capital’s Justin Bons as the “technological Holy Grail of crypto,” MultiversX’s implementation of sharding positions it as a leader in scalability, achieving over 100,000 transactions per second.

Key Fundamentals Driving MultiversX’s Growth

• MultiversX’s capped token supply of 31.4 million.
• Robust DeFi use cases and forthcoming upgrades, including sub-second block times.
• Collaboration with Alibaba Cloud to push into Asian markets.

This partnership aims to onboard Alibaba’s extensive customer base into the MultiversX ecosystem, potentially expanding user adoption.

Finally, EGLD’s inclusion in Coinbase’s COIN50 Index reflects growing institutional confidence.

AI Predicts EGLD Year-End Price

According to the artificial intelligence model, EGLD is projected to close 2024 trading between $60 and $70, driven by a combination of technological advancements, strategic partnerships, and bullish market sentiment.

However, a bearish scenario could see EGLD retracing to the $40 to $45 range.

As MultiversX continues to expand its footprint, its reputation as a leader in scalability and security suggests sustained long-term growth.