MultiversX, the rebranded blockchain formerly known as Elrond, has shifted its focus toward Web3 innovation and metaverse development while maintaining its core function as a scalable and secure blockchain. The network is powered by the EGLD token, which fuels smart contracts, staking, and transaction validation.
The Supernova network upgrade went live on September 10 after completing its testing phase, introducing new changes for validators and applications on the network. The upgrade is designed to make the network faster and more efficient, while Staking v5 introduces a new reward model with approximately 9.2% annual returns and additional decentralized finance incentives.
MultiversX employs a built-in token burn system where transactions on Sovereign Chains for Real World Assets (RWAs) burn a small amount of EGLD through gas fees. As network activity grows, these burns could help offset inflation and support the token's value.
Technical Observations
EGLD recently traded around $5.45, up 8.71% in the previous 24 hours, while trading above key moving averages. The token's relative strength index stood at 75.63, indicating overbought conditions. Technical analysis suggests potential resistance at $5.67, with projected upside targets at $8.76 and $14.54 if the breakout holds.
Price Projections by Year
Various analysts have provided price targets for EGLD:
- 2026: Potential range from $1.14 to $14.54, with an average estimate of $8.76
- 2027: Potential range from $4.60 to $32.20, with an average estimate of $16.50
- 2028: Potential range from $10.20 to $63.83, with an average estimate of $37.01
- 2029: Potential range from $14.84 to $107.54, with an average estimate of $45.81
- 2030: Potential range from $31.66 to $211.06, with an average estimate of $95.36
Third-party forecasting firms have published varying targets. priceprediction.net projects $23.04 for 2026, $99.88 for 2027, and $628.13 for 2030. DigitalCoinPrice estimates $17.66 for 2026, $227.19 for 2027, and $648.33 for 2030. Trader Union provides lower estimates of $1.46 for 2026, $1.97 for 2027, and $1.49 for 2030.
Network Features
MultiversX uses the Proof of Stake consensus algorithm rather than Proof of Work. The network's distinguishing characteristics include developer-friendly infrastructure, security mechanisms, and efficient transaction processing. The platform supports Sovereign Chains designed specifically for Real World Asset tokenization, requiring EGLD as collateral for these enterprise chains.
