EGLD is the native token of MultiversX (formerly Elrond), a Layer-1 blockchain aiming for high throughput and low-cost smart contracts through sharding technology.
It’s used for transaction fees, staking, governance, and securing the network, giving it utility within the ecosystem.
Currently trading around approximately $4–$5 USD, EGLD price is far below its all-time high near ~$545 from late 2021, reflecting broader crypto market downturns and reduced speculative flows.
Recent price action shows sideways to slightly bearish movement with volatility, as it tests support levels around recent lows.
Long-term outlook depends on ecosystem growth, adoption of DeFi/metaverse on MultiversX, and broader crypto market trends — making it a medium-risk asset with potential upside if utility expands.
@MultiversX Network $EGLD #EGLDCOIN👀 #egld