In this guide, we will express our and the market’s opinion on the future of Elrond as we discuss EGLD price forecasts for 2022 and beyond.
Keep in mind that you should take this and any other predictions with a pinch of salt since predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like Elrond.
Now, let’s get into it.
Before we delve into Iota’s price forecast and answer questions about whether Elrond is a good investment or not, why Elrond will succeed or fail, or why Elrond’s price will rise or fall, let’s quickly take a look at what Elrond is and its history to date.
What is Elrond
Elrond aims to be the next internet-scale blockchain with high throughput.
Elrond is looking to build a blockchain that can handle 1000x transaction throughput compared to most existing blockchains.
What are the main features of Elrond?
- Adaptive state horizontal partitioning: Real-time partition splitting and merging as the demand for network capacity changes. At any given time, Elrond’s blockchain will juggle network sharding, transaction sharding, and state sharding, making the network’s capacity highly malleable as required by user demand.
- Secure Proof of Stake (“SPoS”) Consensus Mechanism – In line with Sharding, Elrond Blockchain elects several validators within each fragment in each validation round.
- Elrond VM – Elrond Virtual Machine (EVM) is a dedicated smart contract execution engine based on WASM. Developers can rely on The EVM in any language they are familiar with which they should be compiled into WASM.
How to bet on Elrond?
Staking on Elrond can be done both as:
- Validator (running one node + 2,500 eGold bets), or
- Delegate, with a minimum of 10 eGold per delegation.
Validator rewards are distributed automatically. Active Delegate rewards can be claimed once a day, with no time limit for complaints.
Elrond Price Forecast
The entire world of cryptocurrencies is on the verge of a real bear market. Bitcoin has tumbled 50% from its all-time high among the broadest market declines impacted by furious inflation and US Fed rate hikes.
Investors sell risky assets and move into more stable markets. Crypto is still perceived as a very risky game and therefore the sell off.
Our algo still sees some greenery in 2022, especially in the second half of the year. This is reflected in our forecasts for 2022.
Right now, Bitcoin needs to find a local fund before we can move in the opposite direction and reverse the trend.
Once Bitcoin stabilizes in the new price range, altcoins will start doing the same – we’ve witnessed this scenario dozens of times in distant and more recent history.
Our price forecast model is bearish for the next 90 days with a hint of a bull market straddling the Q1 to Q2 quarters. We expect whales and other larger players in the market to finish filling their bags during that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential and some other proprietary factors developed in our crypto lab.
EGLD price forecast for the next 90 days
Below is a tabular overview of how eGLD will develop in the short term (for the next 90 days), according to our forecast model:
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Elrond Price Prediction 2022
Most experts agree that this bear market will last at least for the first quarter of 2022 before seeing some stabilization and small trend reversals.
EGLD Price Prediction 2025
Our forecasting model sees EGLD reach $98.02 in 2025.
Elrond Price Forecast 2030 – 2040
How much will Elrond be worth in 2030?
Our forecast model sees Elrond reach $245.06 in 2030.
How much will Elrond be worth in 2040?
Our forecast model sees Elrond reach $490.11 in 2040.
Will Elrond replace/surpass/surpass Bitcoin?
No, Elrond will not replace or surpass BTC.
Can Elrond reach $1,000?
Yes, Elrond could reach $1000 by the end of 2025.
Is elrond worth buying?
We are supporters of moderately risky investments: you invest most of your crypto portfolio in BTC (50%); 35% in a basket of large-cap coins and the rest in small projects with huge increases. So, in this context, it is worth buying Elrond.
Is Elrond a good investment?
Elrond is, just like all other cryptocurrencies, a risky investment. It has a higher chance of going up than going down because of the good use case, the well-designed tokenomics, the active community, and a solid team behind it.
How much will Elrond be worth?
For the short-term future, it could reach $30.27. In the long run (8-10 years), it could jump to $245.06 or even more.
Why will Elrond succeed and go up in price?
Elrond has a good use case, well-designed tokenomics, an active community, and a solid team behind it. All of these are a prerequisite for success and that’s why our forecast model sees Elrond rise to $245.06 in 2030.
Why will Elrond fail and go down in price?
Crypto projects fail for various reasons. Some of the most common are: the team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of a well-designed marketing strategy, loss of community support, potential vulnerability in the protocol, failure to achieve the minimum development activity envisaged on the protocol, failed to attract new developers to build on their platform.
How high will Elrond go?
Our forecasting model sees Elrond’s price explode and reach $490.11 in the distant future.
What is the short-term forecast for Elrond?
Elrond will reach $30.27 over the next 90 days, which is a 37% change from the current price that hovers around $48.05.
Can Elrond make you a millionaire?
Yes, if you buy a fairly large sum. Don’t expect to invest $100 and become an Elrond millionaire. But 100x price explosions are a common show in crypto, so a $10k investment in Elrond could make you a millionaire.
Elrond Price Prediction Today – What will be the price of Elrond tomorrow?
Elrond will be around $51.72 tomorrow.
Many investors (traditional and crypto) will tell you that fundamentals are extremely important and should have the most weight when evaluating a project. We agree with this statement, to some extent.
Crypto is specific in a sense that fundamentals are hard to rely on. How come?
Well, most crypto investors are not technologically refined to understand if it is also feasible to do what the project claims to do. This leads to exaggerated and unproven roadmaps by many crypto project teams. These roadmaps look formidable, and people flock to invest in the project even though, with a little technical or economic knowledge, they would have seen how ridiculous some of those ideas are.
For this reason, it is always good to check the feasibility of the use case by consulting someone more technically astute.
For example, many of these projects have noticed the problem of the speed of transactions with Bitcoin, so they have gone all-in with the speed of their blockchains. But that speed had a decentralization cost. In essence, they claimed to have solved a blockchain trilemma, which has bothered genes for centuries. But about twenty nameless people solved it in a week or so.
Why will Elrond fail?
Not very original. Just another dApps platform that aims to be faster and more efficient than Ethereum. Making land on ETH will be a steep hill to climb.
Evaluating the team behind the project is another point that needs to be addressed. Most of the time, those people will be the sole source of their claims (and manipulated LinkedIn profiles). So while this is an important criterion, keep in mind that a cunning team of marketers can spoof legitimacy.
A huge RED FLAG about a team is tweeting, posting, blogging about the price of their token. No legitimate team does this because they have smarter things to do, like working on their own multimillion-dollar project. Only money grabbers run their official social media and blogs like the most brazen manipulators in the market (example: Justin Sun) to drive up the price before dumping their mountains of coins that they created out of thin air and rewarded themselves.
Such teams usually pay low-level crypto media publications to publish “unbiased” articles and reviews of their projects in an attempt to create the illusion of a widely respected and attractive project.
Elrond Forecast – team
Very transparent and professional. No shilling price action or comment, focused on construction.
Community – pay special attention to this. Community size is not relevant as they can be easily spoofed (just check out Fiverr or Upwork to see how easy it is to buy 100k of Twitter followers or subreddit subscribers).
What’s more important is the content that community members post: does it seem real? Is it just price-centered? It allowed to exercise some critical thinking or the only posts allowed are shills and cult idolatry of the team (most often the team leader gets a rockstar status among sinful investors).
Is it worth investing in Elrond – community rating
Not much activity on their subreddit but a rather active Telegram group. It seems to be genuine and authentic, without bots.
Support for exchanges and wallets
Another good indicator of how serious the project taken by other crypto agents is. Some smaller, marginal exchanges and wallets can be paid for listings, but larger platforms like Kraken, Binance, or Coinbase lend legitimacy to a project that’s listed there. So, this is a great cue if the project is really worth something among its peers.
Why will Elrond succeed?
Great support between popular exchanges (Binance, Bitfinex, OkEx etc.) and wallets (Atomic Wallet, Trust Wallet etc.).
Sometimes the project makes sense and everything sounds good except the role of the token. It is just superfluous and forced in the photo (so the team can take the money and get rich). Aside from the logic behind the token, you should pay attention to its current and overall supply. In addition, inflation and the rate of production of new coins are extremely important. Distribution between the team, early investors and regular users also has an immense consequence. Check out Ripple and XRP to see how difficult it is to have organic price growth when there is a whole slew of people downloading millions of new (unlocked) tokens to the market every week.
It is important that tokens are woven into the project with smart incentives in mind. These are incentives in the world of cryptocurrencies: why should the buyer keep any coins, what is in it for him? Different projects use different methods to entice people to buy and hold their coin.
Is EGLD a good investment?
Small overall bid with only 21.2 million tokens planned and 16.9 million already on the market. However, the inflation rate is high at 23.9% (according to Messari.io), which means that the dilution of the value from which an Elrond holder will suffer is quite high. For reference, BTC has an inflation rate of 1.8% and ETH of 1.87%.
Token makes sense and has a logical role in the Elrond ecosystem. Staking serves as a good incentive for users to hold EGLDs.
Trading volume is another excellent barometer of asset quality. This can also be spoofed by automated trading and washed up on small exchanges, but just filter them out and see if there is actual liquidity on the larger platforms.
Elrond future – trading volume
Solid and constant trading volume in the last 3 months with ocasional peaks and declines.
Now, we’re talking about the really impactful market forces.
Unfortunately, the power of social media, especially Twitter, Discord, and Telegram groups, and to a lesser extent, subreddits and Facebook groups, often surpasses the fundamentals of a crypto project. As a result, we see junk and semi-dead zombie projects like Dogecoin, Electroneum, Verge, Tron (not dead but everything is fake around it, from the number of users and dapps to the unoriginal and uninspiring, incompetent leadership) and similar shitcoins that rise in the market cap rankings, sometimes even entering the top 10.
The speculative wave can lift you up in the skies but can, more often, destroy your wallet in a big zilch.
Some people are good at swimming with these sharks (Twitter characters hidden behind some lame nicknames like Crypto [INSERT ANIMAL) or Crypto [INSERT VERB]) who coordinate their shillings and price pumps and dumps. However, regular cryptocurrency buyers don’t have the time or skills to keep up with them and are used as plankton – food for the larger crypto-like sea creatures to feast on.
However, social media can be a place where you come across some good tips about hidden gems. When you read something that piques your interest, don’t get overly excited and invest right away. Instead, put it on a watchlist and check out all the things we mentioned above.
The key thing to look for is authenticity: do the community, crypto personas social media posts, crypto media project articles look legitimate? Is it published by respected people with a strong reputation or by no name that shill coins left and right? Is the community aware of the potential flaws of the chosen project and is it allowed to discuss them? Are there systemic complaints of sudden bans and censorship by community moderators?
A good project is not so difficult to recognize and once you see posts about it from other people – check their profiles, check their tweet/post history, see if the recommendation presents itself as a genuine suggestion or an artificial shill made for personal interest?
Is Elrond legitimate?
Elrond seems to attract the attention of a broad cryptographic base, tweets and posts about it on social media seem to be genuine and uncoordinated, meaning that people recognize it as a legitimate project.
Elrond Price Prediction – summary
After analyzing all of the above about Elrond, we can say that this is a legitimate project with a difficult task in front of it: to overcome Ethereum and other smart contract platforms. It enjoys a good reputation in crypto circles and could be a worthy investment in the short and medium term.
Elrond is already complemented by some of the most popular crypto wallets such as Trust Wallet, Guarda or Atomic Wallet. It also has integration with a hardware wallet such as Ledger Nano X or S.
Elrond’s native wallet is Maiar.
Measure in Satoshis
You’ll always want to know if the effort of trading was worth it instead of holing up BTC. You should also take into account the time you spent trading as that time also has value.
For example, if you spent 15 hours trading altcoins and ended up having the same amount of Satoshi, it means that you wasted those 15 hours and it would have been better if you had simply kept BTC.
Since Bitcoin is located between the Fiat sandwich and Alt Coin, you should always only trade the BTC value.
If I invest in an altcoin at .17 cents at 10k Sats and in 6 months, I will cash in at .93 cents at 10k Sats. Did I make money on that altcoin?
The answer is no. Your opportunity cost was equal to holding bitcoin since the sat values did not move, the price of BTC going up is what earned you your fiat rise. Not the increase in sats on STEEM.
If, however, you cashed out STEEM at 20k sats at .93 cents over the course of 6 months, this means that you made a profit in satoshi value and USD value (via bitcoin).
Building an investment strategy
I can’t stress enough how important it is to build a real investment strategy. Organize what your goals are, what your risk tolerance is, and how you plan to build a portfolio to achieve those goals rather than simply chasing the flavor of the week.
because? Because it will force you to slow down and make decisions based on rational thinking rather than emotion, and will inevitably lead you to think long-term.
Setting ROI Goals
In no uncertain terms, many young investors who are in cryptocurrencies have really unrealistic expectations about returns and risks.
Many of them have never invested in any other type of financial asset, and therefore many seem to consider an ROI of 10% in an unexciting month, although this is roughly what they should be aiming for.
I see a lot of people making their decisions with the expectation of doubling their money every month. This has led a worrying amount of newbies to put too much money too quickly into anything on the front page of CoinMarketCap with a low dollar value per coin hoping that cryptocurrencies will pull them out of their debt or a lifetime of toil in a cubicle. And all in the next year or two!
Keep in mind that a monthly increase of 10% when compounded equates to an annual return of 313% or more than 3 times your money. It may not seem exciting to those who recently walked in and saw their money go 20 times in a month on something like Aave before it crashed again.