MultiversX (formerly Elrond) is making waves again, with EGLD currently priced at $18.10 and a 24-hour trading volume of $156.3 million. In the past 24 hours alone, EGLD surged by 20.26%, with a steady 0.55% gain in the last hour. With a circulating supply of 28.15 million EGLD and a capped max supply of 31.4 million, the project is gaining traction amid growing scarcity and utility.
Read MultiversX Price Prediction 2025, 2026 - 2030:
The 50-day SMA stands at $16.37, indicating short-term bullish momentum, though the 200-day SMA at $27.44 suggests room for long-term recovery. Over 65% of EGLD is staked, securing the network and demonstrating strong holder confidence.
Driving this renewed interest is the highly anticipated Supernova upgrade, following the successful Sirius release. Co-founder Beniamin Mincu called it a “shockwave” for the crypto space, highlighting major advancements in scalability and efficiency. Lucian Mincu emphasized the integration of ZK primitives and parallel processing, underlining the blockchain’s push toward sub-second finality (600ms) and massive throughput.
Post-upgrade, MultiversX now supports 3,000+ validators, boasts full sharding, and has no history of MEV exploits or network drains. Influencers like @arno_web3 are praising it as one of the most secure and decentralized blockchains to date.
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Additionally, the Pell Network has launched EGLD restaking on its testnet, offering users extra rewards and improving token utility. The launch of the MCP server is another leap forward, enabling AI tools like Claude and Cursor to interact directly with the blockchain—creating wallets, minting NFTs, and sending EGLD natively.
Despite occasional sell pressure, mostly attributed to third-party protocols, sentiment remains strong. MultiversX appears well-positioned to lead the next wave of scalable, secure, and AI-integrated blockchain infrastructure.
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