MultiversX, formerly known as Elrond (EGLD), has emerged as a compelling blockchain platform aiming to revolutionize decentralized applications (dApps) and the metaverse ecosystem. While Ethereum remains a dominant force in the dApp space, MultiversX positions itself as a high-performance alternative—often dubbed an "Ethereum killer"—with superior scalability, low transaction costs, and a forward-looking vision centered around digital worlds and immersive user experiences.
Built by a team of Romanian developers including Benjamin and Lucian Mincu and Lucian Todea, MultiversX began with the goal of becoming a digital store of value—symbolized by its ticker EGLD, short for e-gold. Over time, it evolved into a full-fledged blockchain infrastructure optimized for developers and users alike. In November 2022, the rebranding from Elrond to MultiversX marked a strategic pivot toward building the foundational layer for the metaverse.
Today, EGLD serves multiple roles: paying transaction fees, securing the network through staking, and enabling governance participation within the platform’s decentralized autonomous organization (DAO). With a current market cap of approximately $1.4 billion, MultiversX ranks among the top 65 cryptocurrencies globally, showing strong potential amid growing interest in scalable Layer-1 solutions.
Why Invest in MultiversX (EGLD)?
In the competitive landscape of blockchain platforms, MultiversX stands out due to its advanced technological architecture and expanding ecosystem.
High Scalability and Performance
One of MultiversX’s most impressive features is its ability to process up to 100,000 transactions per second (TPS)—with test environments reaching 250,000 TPS. This performance significantly surpasses Ethereum’s current throughput and rivals other high-speed chains like Solana and Cardano.
This efficiency is achieved through two core innovations:
- Adaptive State Sharding: This technology splits the network into smaller partitions (shards) that process transactions and smart contracts in parallel, drastically improving speed and resource utilization.
- Secure Proof of Stake (SPoS): A refined consensus mechanism that enables rapid validator selection in under 100 milliseconds, enhancing both security and finality times.
These technologies work together to deliver fast, affordable, and secure transactions—making MultiversX an attractive option for developers building scalable dApps.
A Growing Ecosystem Focused on Innovation
MultiversX isn't just about speed—it's building a comprehensive ecosystem designed for real-world utility. Key components include:
- xEchange: A decentralized exchange (DEX) for seamless token swaps.
- MultiversX Wallet: A secure, user-friendly wallet for managing assets.
- xLaunchpad: A platform for launching and funding new blockchain projects.
- xWorlds: A metaverse environment where users can interact, create, and trade digital assets.
- xFabric: A modular framework enabling enterprises and developers to deploy custom blockchains.
- xPortal: A mobile payment app integrating blockchain functionality into everyday financial activities.
This diverse suite of tools supports innovation across DeFi, gaming, NFTs, payments, and enterprise solutions.
EGLD Price Analysis and Future Predictions
As of the latest data, EGLD trades around $63.90, reflecting a 2.18% gain over 24 hours and a solid 41% annual increase. Despite falling short of its all-time high (ATH), investor sentiment remains optimistic due to ongoing developments in the metaverse and broader crypto market recovery.
Historical Price Trends
EGLD experienced two major bull runs in 2021:
- From $24.60 in January 2021**, the price surged to **$237 by April.
- Later that year, it climbed from $78.70 in July** to an ATH of **$542.58 in November—a staggering rise driven by growing adoption and market enthusiasm.
While prices corrected after this peak, EGLD showed renewed momentum in late 2023, jumping over 40% in just 24 hours amid increased attention on scalable blockchains and metaverse-related projects.
Price Forecasts: What’s Next for EGLD?
Analysts project continued growth for EGLD over the coming years:
- Binance analysts estimate EGLD could reach $72 in 2024**, a level nearly achieved already, with a potential climb to **$100 by 2030.
- CoinCodex forecasts suggest a wider range: between $68 and $324 by 2025, depending on overall market conditions. In bullish scenarios, EGLD could approach $440 by 2029, though a temporary dip may occur between 2026 and 2027.
Although most predictions don’t anticipate an immediate return to the $542 ATH seen in 2021, the current bull cycle could accelerate price appreciation faster than expected—especially if metaverse adoption gains traction.
How to Buy EGLD: A Step-by-Step Guide
Purchasing EGLD is straightforward through major cryptocurrency exchanges. Here’s how to get started:
Step 1: Choose a Reputable Exchange
Select a trusted platform that supports EGLD trading pairs such as EGLD/USDT or EGLD/BTC. Many global exchanges offer instant purchases via credit card or bank transfer.
👉 Learn how to securely buy high-potential cryptocurrencies with low fees and advanced trading tools.
Step 2: Create and Verify Your Account
Sign up using your email or phone number. Complete identity verification (KYC) to unlock full functionality and comply with regulatory standards.
Step 3: Deposit Funds
Add funds using a credit/debit card or wire transfer. You can purchase USDT (a stablecoin pegged to the US dollar) first, then trade it for EGLD on the spot market.
Step 4: Buy EGLD
Navigate to the trading section, select the EGLD/USDT pair, enter the amount you wish to buy, and confirm the transaction.
Step 5: Store Your EGLD Safely
For long-term holding, consider using secure storage options:
- Hot Wallets: MultiversX Wallet, Trust Wallet, or Atomic Wallet.
- Cold Wallets: Hardware devices like Ledger Nano X or Trezor provide offline protection against hacks.
Always prioritize security—never share your private keys or recovery phrases.
MultiversX dApp Ecosystem: Real-World Applications
The MultiversX ecosystem hosts over 100 active projects spanning various sectors:
- DeFi (34 projects): Including Quantum, xEchange, and Pulsar Money—offering lending, trading, and yield opportunities.
- Gaming (16 projects): Titles like Cantina Royale and The Cursed Land integrate blockchain for true digital ownership.
- NFTs (34 projects): Platforms such as xArtists and Cyberpunk City empower creators with monetization tools.
- Infrastructure (38 projects): Supporting tools like GoCharge Tech and Globees enhance usability and accessibility.
- Payment Solutions (9 projects): xTwister and Lunar Pay facilitate fast, borderless transactions.
- Launchpads & Marketplaces: xLaunchpad and XOXNO help new ventures raise capital and distribute digital goods.
This diversity reflects MultiversX’s commitment to fostering innovation across industries.
Frequently Asked Questions (FAQ)
Q: What is the difference between Elrond and MultiversX?
A: Elrond was the original name of the blockchain project. In November 2022, it rebranded to MultiversX to reflect its expanded focus on the metaverse and digital ecosystems.
Q: Can I stake EGLD tokens?
A: Yes. EGLD holders can stake their tokens to earn rewards while helping secure the network through the SPoS consensus mechanism.
Q: Is MultiversX eco-friendly?
A: Yes. Thanks to its energy-efficient Secure Proof of Stake (SPoS) model, MultiversX consumes significantly less power than proof-of-work blockchains like Bitcoin.
Q: What makes MultiversX faster than Ethereum?
A: Through adaptive sharding and SPoS, MultiversX achieves higher throughput and lower latency compared to Ethereum’s pre-upgrade architecture.
Q: Where can I track EGLD price movements?
A: Use popular crypto tracking platforms like CoinMarketCap or CoinGecko to monitor real-time price data, volume, and market trends.
Q: Does MultiversX support smart contracts?
A: Yes. The platform fully supports smart contract execution, enabling developers to build complex dApps across DeFi, NFTs, gaming, and more.
Final Thoughts on MultiversX (EGLD)
MultiversX represents a technically robust and strategically focused blockchain project. Its combination of high scalability, low fees, and a rich ecosystem positions it well in the evolving Web3 landscape. While success ultimately hinges on broader adoption of the metaverse—a space still in development—the platform’s infrastructure is ready for future demand.
With strong fundamentals, active development, and growing community support, EGLD offers both utility and investment potential. Whether you're a developer seeking performance or an investor eyeing long-term growth, MultiversX deserves serious consideration in today’s dynamic crypto market.
👉 Start your journey into high-performance blockchains—secure your EGLD today.