In this article, we will look at what MultiversX is, It’s working, tokens, and other details relating to the technology and its coin’s functioning.
MultiversX is a platform based on blockchain technology that tends to the needs of applications based on Metaverse, DeFi, and other Web3-focused applications.
MultiversX provides these applications with its energy-efficient, scalable, and secure architecture for their better functioning.
Its Proof of Stake consensus mechanism allows MultiversX to work much faster and with more efficiency than other blockchain solutions.
What is MultiversX (EGLD) Token?
In this section, we will look at what the MultiversX(EGLD) token is, what its functions are, and what its general market overview is.
The MultiversX token functions as the native token of the MultiversX protocol.
The Functionalities of the token are as follows:
- The token can be used to pay for the network’s services
- The token rewards its holders for their help in running the network
- It gives the holders the ability to vote on the governance of the network
On top of that, the coin also rewards the stakers of the coin with newly minted EGLD tokens proportional to the amount staked.
These are some of the uses and benefits that the coin offers to its holders.
The table below gives an overview of the current market standing of the coin.
| Name of the token | MultiversX |
| Token Marker | EGLD |
| Current Price | $30.09 |
| Price Change | 0.85% |
| Market Cap | $814,855,641 |
| Volume(24h) | $26,148,443 |
The all-time high of the EGLD token was recorded to be $545.64 and it was on November 31, 2021, whereas the all-time low was recorded at $6.54 on October 7, 2020.
The coin is currently 365.24% higher than its all-time low value and 94.39% lower than its all-time high value.
In the next two sections, we will look at where and how to buy MultiversX(EGLD) tokens.
Where to buy MultiversX (EGLD)?
MultiversX (EGLD) can be bought through several top crypto exchanges such as LBank, Binance, BTCC, Bybit, and so on.
A lot of the popular exchanges let the users buy the coin with leverage and discounts while also offering benefits for staking the token.
How to buy MultiversX (EGLD) token?
In the paragraphs below we will look at the steps that one must follow to buy a MultiversX token through a cryptocurrency exchange platform.
The First step to be followed to buy the MultiversX token is to open an account in any of the multiple crypto trading platforms that list the coin.
The customer must open the account and fill out the necessary information required to complete the KYC verification such as email address, relevant identity verification document, and so on
Examples of a list of exchanges that list the coin are given in the section above.
The Second step of the process will be to select the payment method. Select the method of purchase whether it is in ETH, BNB, MATIC, USDT, or card, and input the amount of tokens you want to be credited.
You can also transfer the coins that you already hold in your crypto wallet to the account of the exchange to be swapped for the MultiversX(EGLD) coin
- For the Third step click on the “Buy now” button and then wait to accept the token in your account.
- The Fourth and final step is to transfer the coin to your personal wallet or store the coin in the wallets of the exchange platform for rewards.
These are some of the steps that one should follow in order to buy the MultiversX(EGLD) token.
MultiversX (EGLD) Price Prediction 2024 – 2030
The table below shows the Price predictions that were made on the coin by popular analysts.
| Year | Minimum Price | Average price | Maximum Price |
| 2024 | $35.32 | $37.96 | $40.60 |
| 2025 | $39.02 | $43.31 | $47.59 |
| 2026 | $48.67 | $57.24 | $65.82 |
| 2027 | $58.31 | $71.18 | $84.04 |
| 2028 | $67.96 | $85.11 | $102.27 |
| 2029 | $96.91 | $126.92 | $156.94 |
| 2030 | $125.27 | $139.42 | $178.53 |
The current market sentiment toward the coin is Bearish while the Fear and Greed index shows a score of 60 indicating moderate levels of Greed for the coin.
The MultiversX (EGLD) coin had over 37% green days in the last month while having a price volatility of 9.04%.
Concluding Remarks
The MutiversX coin has received all sorts of price predictions in the short and long run with some betting on it to go in a bullish phase while others expecting it to go on a bearish path.
It can therefore be said that future changes in the coin will be highly dependent on the multiple aspects relating to the coin like the company policies, technological innovation, market volume, announcements from the company, and so on.
