Elrond EGLD (eGold) has grown from $8 last November to $230 today.
How far can it go?
The launch of the staking has pumped the price, as well as the referral program on Maiar app. Feel free to use my referall link below to earn $10:
https://get.maiar.com/referral/fxc2bwfy7k
Once you have downloaded the app and bought EGLD, you will discover the ambitious targets of Elrond:
- Current: 479k users at $230
- Next step: 4M users... at which price?
How realistic is this forecast?
As their prediction is based on the number of users, let's compare it with the number of holders for other coins:
- Bitcoin: 100M
- LINK: 485k
- SNX: 73k
It is interesting to see that EGLD is close to LINK in number of holders and seven times higher than SNX.
Therefore, the staking rewards have to be compared to evaluate the potential of this token.
How much can you earn with EGLD staking?
The staking rewards are as follows:
- Bitcoin: 3.51% on Celsius
- LINK: 4.51% on Celsius
- SNX: up to 31%
- EGLD: 15% to 20%
With these staking rewards, which are the main interest of eGold, this token has the potential to get more users. However, the target of 4M users seems to be high for the short term. If the number of users doubled in the next few weeks, which looks realistic, it could pump the price above $300.
Therefore, an increase of the token value by 30% up to $300 seems realistic and could be reached by the end of the month.
Feel free to click on the link below to download Maiar and earn rewards:
https://get.maiar.com/referral/fxc2bwfy7k
