Elrond’s native token EGLD serves as the utility and governance token of the MultiversX Layer‑1 blockchain, designed for fast, low‑fee smart contracts and DeFi.
The coin’s price is far below its all‑time high (~−98% from ATH), with recent trading around lower price levels amid market weakness.
Technical indicators show bearish sentiment and oversold conditions, reflecting continued selling pressure but periodic short squeezes.
EGLD’s price action tends to mirror broader crypto trends; strong breakouts require catalysts such as ecosystem growth or adoption news.
Long‑term forecasts are mixed with some models targeting modest recoveries and others showing bearish ranges, so risk remains high.
@MultiversX Network $EGLD #EGLDCOIN👀 #egld