Market Stats and Forecasts
MultiversX Description
MultiversX, also formerly known as Elrond, is an advanced blockchain that powers the metaverse frontier. This is an ultimate blockchain platform which is capable of 1000x throughput than existing blockchain platforms. This high transaction throughput of this blockchain makes it popular in the market. EGLD is a native token which powers MultiversX. This network can handle all core functionalities like transactions, smart contacts, validator rewards and governance.
Adaptive state sharding is one of the key features of the MultiversX in which the network capacity will increase as per the user demand or requirements. Another key feature of the netwrok is Secure proof of stake where the network can elect different validators within each shard in every validation round. Stacking on MultiversX can be done in two different ways like as a validator or delegator. Normally validator rewards are distributed automatically, and the active delegator rewards can be claimed once a day. Users can trade EGLD tokens on centralized crypto exchanges.
MEXC is one of the most popular exchanges where traders can trade EGLD tokens. EGLD has a trading volume of around $456,980 in the last 24 hours, Apart from MEXC, EGLD can be traded on reputed exchanges like Binance and Deepcoin. The total market cap of MultiversX is around $982,386,906 USD and it ranks 69 in the market. It has high growth potential in the coming future. The adoption of this coin is increasing due to advancements in technology and real-time use cases, making it one of the best coins to have in your portfolio.
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of MultiversX, Our analysis, guided by the machine learning experts, yields forecasts for MultiversX price trajectory up to 2024. With a comprehensive understanding of MultiversX historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 3 and an error value of 0.43%.
For the year 2024, our analysis indicates a projected yearly low of $43.59, with the high anticipated to reach $60.81. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-10-06 | 30.26 | 30.89 | 31.5 | 7.89 |
| 2024-10-07 | 30.28 | 31.24 | 32.16 | 9.08 |
| 2024-10-08 | 30.63 | 31.62 | 32.86 | 11.48 |
| 2024-10-09 | 30.92 | 31.57 | 32.5 | 10.25 |
| 2024-10-10 | 31.6 | 31.93 | 32.57 | 12.68 |
| 2024-10-11 | 30.94 | 31.94 | 33.17 | 11.44 |
| 2024-10-12 | 30.28 | 30.92 | 31.86 | 10.21 |
| 2024-10-13 | 30.61 | 31.94 | 33.17 | 11.43 |
| 2024-10-14 | 30.95 | 31.94 | 32.89 | 12.65 |
| 2024-10-15 | 30.93 | 31.58 | 32.52 | 11.41 |
| 2024-10-16 | 31.27 | 32.27 | 33.2 | 12.64 |
| 2024-10-17 | 31.96 | 32.63 | 33.61 | 15.12 |
| 2024-10-18 | 31.63 | 33 | 34.26 | 15.12 |
| 2024-10-19 | 32.29 | 32.96 | 33.61 | 15.12 |
| 2024-10-20 | 31.61 | 32.27 | 32.91 | 13.85 |
| 2024-10-21 | 32.28 | 32.96 | 33.93 | 15.10 |
| 2024-10-22 | 32.64 | 32.98 | 33.64 | 16.37 |
| 2024-10-23 | 31.62 | 32.99 | 34.26 | 15.09 |
| 2024-10-24 | 32.32 | 33.35 | 34.34 | 17.62 |
| 2024-10-25 | 32.99 | 33.33 | 34 | 17.62 |
MultiversX Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,MultiversX is forecasted to achieve its peak value in 2025 at approximately $96.39, while potentially dipping to a low of $45.75. The average trading value during this period is projected to hover around $88.05.MultiversX Price Prediction 2026
In 2026, MultiversX is anticipated to potentially reach its peak value of $154.7, with a possible lower value of $77.73. The average trading value for this period is estimated to be approximately $140.78.MultiversX Price Prediction 2027
As we look ahead to 2027, the trajectory of the MultiversX coin may offer investors unexpected turns. Projections suggest peaks hitting $231.35 and lows stabilizing around $125.02, with an average trading value resting near $207.24.MultiversX Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the MultiversX coin. Projections point towards a maximum value of $345.57, a minimum of $183.29, and an average value of approximately $311.33.MultiversX Price Prediction 2029
Our market analysis indicates optimistic prospects for the MultiversX crypto in 2029, with projected peaks at $533.53 and floors at $277.23. Moreover, the average trading value of this coin is anticipated to hover around $470.65.MultiversX Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the MultiversX token. Projections indicate highs near $809.51, potential lows around $430.17, with an average value of about $712.15.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $25.26 by the Oct 06, 2024. The Relative Strength Index (RSI) stands at 0.6829, indicating a Fall market stance. Overall, while the long-term forecast is Sell.
About egld
MultiversX Price Prediction FAQ
Kshitez Pratap Singh
Kshitez Pratap Singh possesses deep expertise in data analytics and machine learning. He excels at deriving actionable insights from complex datasets. Kshitez combines his analytical skills and machine learning knowledge to develop models that support data-driven decision-making, helping businesses and investors navigate and thrive in the finance niche.
Mohit Kumar
Mohit Kumar is a computer science engineer with a specialization in Artificial Intelligence and Machine Learning (AIML). he has honed his expertise in developing sophisticated machine-learning models tailored for the financial sector, exploring various aspects of forecasting and statistical modeling to provide invaluable insights for informed investment decisions in the volatile world of cryptocurrencies.
Sentiment: Sell
The MultiversX is predicted to surge by 14.81% to $31.62 by Oct 08, 2024, though current indicators show a Bearish sentiment with 18 out of 30(60%) green days and a notable 2.36% price volatility over the past month.
