Ethereum (ETH) reigns supreme in the decentralized application (dApp) space. However, competitors—often dubbed "Ethereum killers"—are emerging to challenge its dominance. Among them is MultiversX (EGLD), a crypto project with ambitious goals. This guide explores what EGLD is, its advantages, and how to invest in it.
Table of Contents
- What Is MultiversX (EGLD)?
- Why Buy MultiversX (EGLD)?
- EGLD Price Analysis and Predictions
- How to Buy and Store EGLD
- MultiversX’s dApp Ecosystem
- Final Thoughts on MultiversX
- FAQs
What Is MultiversX (EGLD)?
Originally named Elrond, the project rebranded to MultiversX in November 2022 to reflect its new focus: the metaverse. Founded by Romanian entrepreneurs Benjamin Mincu, Lucian Mincu, and Lucian Todea, EGLD (short for "e-gold") was initially designed as a store of value akin to Bitcoin.
Today, MultiversX aims to:
- Provide low-cost solutions for dApp developers.
- Build a comprehensive metaverse-centric blockchain ecosystem.
EGLD serves as the network’s utility token, covering transaction fees, staking, and governance participation.
Key Stats (2024):
- Price: ~$55.55
- Market Cap: $1.4 billion (Rank: #64)
Why Buy MultiversX (EGLD)?
MultiversX stands out with:
1. Blazing-Fast Performance
- Scalability: 100,000 TPS (tested up to 250,000 TPS).
Technologies:
- Adaptive State Sharding: Parallel transaction processing.
- Secure Proof of Stake (SPoS): Faster validator selection (<100 ms).
2. Robust Ecosystem
- xEchange: Decentralized exchange (DEX).
- xPortal: Payment app.
- xWorlds: Metaverse platform.
- xFabric: dApp development module.
👉 Discover how MultiversX compares to Ethereum
EGLD Price Analysis and Predictions
Current Trends (2024)
- Price: $63.9 (+41% YoY).
- All-Time High (ATH): $542.58 (November 2021).
Price Predictions
| Source | 2024 | 2025 | 2030 |
|--------------|-------|-------------|------------|
| Binance | ~$72 | - | ~$100 |
| CoinCodex | - | $68–$324 | Up to $440 |
How to Buy and Store EGLD
Steps to Buy EGLD:
- Sign Up on an exchange like Bitget.
- Deposit Funds: Buy USDT via credit card or bank transfer.
- Trade: Swap USDT for EGLD.
Storage Options:
- Hot Wallets: Trust Wallet, Atomic Wallet.
- Cold Wallets: Ledger Nano X, Trezor.
MultiversX’s dApp Ecosystem
MultiversX hosts 100+ projects across:
- DeFi (34 projects).
- Gaming (16 projects).
- NFTs (34 marketplaces).
- Launchpads (8 platforms).
Final Thoughts on MultiversX
MultiversX combines cutting-edge tech with a vision for the metaverse. Its success hinges on metaverse adoption, but its scalability and ecosystem make it a strong contender among Layer 1 blockchains.
👉 Explore MultiversX’s roadmap
FAQs
1. Is EGLD a good investment?
Yes, if you believe in the metaverse and scalable blockchains. Analysts predict steady growth.
2. How does MultiversX differ from Ethereum?
MultiversX offers higher TPS and lower fees via sharding and SPoS.
3. Where can I stake EGLD?
Use MultiversX’s native wallet or supported exchanges like Bitget.
4. What’s EGLD’s max supply?
31.2 million tokens (similar to Bitcoin’s scarcity model).
5. Can EGLD reach its ATH again?
While unlikely soon, bullish crypto cycles could propel it upward.