EGLD is the native token of the Elrond network. It is open-source and allows anonymous transactions to be carried out. It enables developers, validators, and businesses to build a new internet economy.

An EGLD token is a unit of value that is native to the Elrond network. It represents a medium of exchange between users &amp; developers who pay to use the network and validators who take the fees as payment for the services they provide.
<h2><strong>What is Elrond (EGLD)?</strong></h2>
Elrond’s approach is to combine all three sharding types into a solution that improves communication inside the shards and dramatically increases performance through parallel processing.

It supports the most popular programming languages, and flexible tools, and comes with clear and canonical documentation. You can quickly start and deploy your application on a blockchain designed with real use in mind.

Now, we shall consider the price analysis of Elrond (EGLD) for the coming years.

<strong>Flashback: Fundamental Analysis of Elrond (EGLD)</strong>

Every investor requires transparency from project handlers to ensure equity. This has made the Elrond team add a new block explorer the Big Dipper to its list of explorers. This brings the total number of explorers where EGLD transactions can be tracked to 4. The team aspires to bring more trust in handling the project which will directly impact positively in the price of EGLD in long term.

We shall now consider what charts are showing about the price analysis of Elrond (EGLD).

<img class="alignnone wp-image-232586 size-full" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/04/1eX2RRAB.png" alt="" width="1280" height="595" />

<strong>https://www.tradingview.com/x/1eX2RRAB/</strong>

From the 1day chart above showing the Ema Ribbon indicator for EGLD/USDT, we can deduce that the price of Elrond might rise soon. This is because the Ema ribbon moving averages are all breaking out on the recently formed candlesticks.

<img class="aligncenter wp-image-232587 size-full" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/04/LXqGtQkP.png" alt="" width="1280" height="595" />

<strong>https://www.tradingview.com/x/LXqGtQkP/</strong>

The chart above shows the balance of power indicator which is used to determine if a market is controlled by either the buyers or sellers. From the chart for EGLD/USDT, we can see that its BOP value is -0.02. Since it is below 0, it means that the bears are having their way and that the price of Elrond might increase soon since it also has a negative divergence.

Now, we shall look at the price prediction of Elrond (EGLD) for the coming years.
<h2><strong>Price Prediction of Elrond (EGLD) in 2022</strong></h2>
The price of Elrond is expected to gain at least 10% by the end of June 2022 from its present price from its technical analysis. This means that it will be trading at around $180.88 by the end of the first half. Its price is expected to rise by at least 12% in the second quarter. This means that EGLD would trade at least $202.59 by the end of December 2022.
<h2><strong>Price Prediction of Elrond (EGLD) in 2023</strong></h2>
The price of Elrond is expected to gain at least 15% by the end of June 2023 from its present price from its technical analysis. This means that it will be trading at around $232.97 by the end of the first half. Its price is expected to rise by at least 18% in the second quarter. This means that EGLD would trade at least $274.91 by the end of December 2023.
<h2><strong>Price Prediction of Elrond (EGLD) in 2024</strong></h2>
The price of Elrond is expected to gain at least 12% by the end of June 2024 from its present price from its technical analysis. This means that it will be trading at around $ 307.90 by the end of the first half. Its price is expected to rise by at least 15% in the second quarter. This means that EGLD would trade at least $354.09 by the end of December 2024.
<h2><strong>Price Prediction of Elrond (EGLD) in 2025</strong></h2>
The price of Elrond is expected to gain at least 14% by the end of June 2025 from its present price from its technical analysis. This means that it will be trading around $403.66 by the end of the first half. Its price is expected to rise by at least 10% in the second quarter. This means that EGLD would trade at least $444.02 by the end of December 2025.
<h2><strong>Price Prediction of Elrond (EGLD) in 2026</strong></h2>
The price of Elrond is expected to gain at least 8% by the end of June 2026 from its present price from its technical analysis. This means that it will be trading at around $479.55 by the end of the first half. Its price is expected to rise by at least 5% in the second quarter. This means that EGLD would trade at least $503.52 by the end of December 2026.

Now we shall consider different media platforms to see what their forecast is on Elrond (EGLD) price.
<h2><strong>Market Sentiments on Elrond (EGLD) Price Prediction</strong></h2>
<h3><strong>PricePrediction</strong></h3>
According to PricePrediction, the coin’s average price could reach $251.80 by the end of 2022 and surge to $7354.69 by 2031 which represents a 2820% increase.
<h3><strong>DigitalCoin</strong></h3>
According to DigitalCoin’s Elrond (EGLD) price prediction, the average price could reach $229.99 in 2022 and by over 298% by 2031 to trade at $917.65.
<h3><strong>CoinQuora</strong></h3>
According to CoinQuora price prediction, the average price of EGLD in 2022 could be $497.95, surging by 502% in five years to trade at $3000 in 2026.
<h2>Our Elrond (EGLD) Price Prediction</h2>
The price of Elrond (EGLD) will trade at least $202.59 by the end of 2022 and then increase by over 148% in four years' time to trade at $503.52 by the end of 2026.
<h2><strong>Conclusion</strong></h2>
Elrond (EGLD) long-term investors will enjoy good returns. This is due to the positive outlook of the fundamental analysis, price predictions, and market sentiments.

Elrond Price Prediction 2022-2026-Will the Price of EGLD Hit $202.59 by the end of 2022?

Chukwuemeka Raphael is an author and cryptocurrency news writer/analyst. As a Mathematics graduate and trained analyst, he combines his Math knowledge and strong reading culture in contributing content and analysis for the development of cryptocurrency and blockchain space.

Elrond Price Prediction 2022-2026-Will the Price of EGLD Hit $202.59 by the end of 2022?

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