If you have noticed a drop in the value of your cryptocurrency and want to act quickly, Abarai is the exchange you need. Why choose Abarai?
The only platform with Romanian language support
Instant trades – no wasting valuable time.
No account required – simple and fast.
Use your own wallet – we don’t store your funds, you have total control.
1. Who are the founders of Elrond and what were their goals?
The Elrond project was born in 2017 with Beniamin Mincu, Lucian Mincu and Lucian Todea as founders. The official launch of the Elrond network took place in July 2020 with the token ERD, replaced in September 2020 by EGLD (eGold).
Elrond founders
Beniamin Mincu is one of the main co-founders of Elrond and holds the position of CEO. Prior to Elrond, Benjamin was part of the NEM (New Economy Movement) team, where he gained solid experience in blockchain technology development.
Lucian Mincu
Beniamin’s brother, Lucian Mincu specializes in cybersecurity and holds the role of CIO (Chief Information Officer) at Elrond.
Lucian Todea
Lucian Todea is the COO of Elrond and brings with him a wealth of experience as an entrepreneur. He is known for his ability to turn innovative ideas into successful businesses.
What the Elrond founders were aiming for
At launch, the Elrond founders set out to solve some of the biggest challenges in the blockchain industry:
1. Scalability
3. Low transaction costs
4. Reducing the environmental footprint
Elrond: Important technological achievements
Adaptive State Sharding Architecture
What is Adaptive State Sharding?
It is a technology that divides the network into multiple shards, each processing transactions or storing data in parallel.
Unlike traditional sharding, where each node sits in a single shard, Adaptive State Sharding dynamically adjusts the sharding as the number of users increases.
Unlimitedscalability, with the ability to process thousands of transactions per second.
Improved efficiency, reducing costs and time associated with transaction processing.
Dynamic flexibility, with fragmentation automatically adapting to network demand.
Secure Proof of Stake (SPoS)
Why is SPoS unique?
SPoS reduces the time required to validate blocks to just 6 seconds, making Elrond one of the fastest blockchain networks. The algorithm selects validators randomly and quickly while maintaining transparency and security.
Amazing speed – Confirm transactions in record time.
Advanced security – Using cryptography to prevent Sybil attacks or other threats.
Energy efficient – Unlike Proof of Work, SPoS consumes significantly fewer resources.
EGLD, the native token
EGLD’s key features:
Low inflation rate thanks to a mechanism designed to support the adoption of over the long term.
Multiple uses – EGLD is not just a transaction medium, but is used for staking, governance and payments within the Elrond ecosystem.
Steadily increasing value – With a limited supply and growing demand, EGLD is becoming one of the most attractive tokens in the market.
The Maiar Marketplace
A user-friendly interface – designed for non-technical users.
Global accessibility – simplifies transactions, staking and token usage.
Advanced security features – securing transactions through multiple layers of protection and cryptography.
3. MultiversX ecosystem (dApps, DeFi and NFTs) and use cases
Low transaction costs: approximately $0.002 per transaction.
Impressive Scalability: Handles large volumes of transactions in real-time.
Distributed validator nodes: Over 3,200 nodes ensure decentralization and network integrity.
Sustainability: MultiversX is carbon neutral. This means that the platform manages its activities in such a way that the environmental impact is minimized, either by reducing emissions or by offsetting them (e.g. by planting trees or investing in eco-friendly projects).
The MultiverseX ecosystem
MultiversX allows developers to create decentralized applications with ease. These apps run on the blockchain without the need for a centralized entity to control them.
Full Transparency: Every transaction is visible on the blockchain, providing a high level of trust to users.
Guaranteed security: The MultiversX architecture protects against attacks and eliminates the risk of manipulation.
A notable example is the deployment of dApps in areas such as digital rights management and crowdfunding.
Decentralized Funding (DeFi)
MultiversX facilitates easy access to decentralized financial services (DeFi), democratizing access to loans, staking and peer-to-peer transactions.
Simplified Staking: Users can earn rewards by participating in the network.
Increased liquidity: The difference from traditional services is fast turnaround time and low costs.
Join MultiversX to utilize features like fast swaps or pooling at minimal costs.
NFTs and the digital marketplace
NFTs (non-fungible tokens) are dominating the world of digital art and exclusive media, and MultiversX gives creators a robust platform to list and sell their work.
Low Fees: Creators have full control over their work without high brokerage fees.
Global Trading: The marketplace served by MultiversX is accessible 24/7, anywhere in the world.
Use Cases – Supply Chain, Healthcare and IoT
Supply Chain Management
Blockchains are designed to provide operational transparency, and this makes them perfect for supply chain management.
Real-time product tracking: Every product can be tracked from origin to destination in real-time.
Reduce costs: Administrative costs and fraud risks are eliminated.
In healthcare, patient data privacy comes first. MultiversX provides the solution, thanks to its advanced technology.
Secure medical data: every file is protected by blockchain encryption.
Fast and secure data transfers: Enables data transfer between hospitals without risk of compromise.
Internet of Things (IoT)
MultiversX makes connecting smart devices easier and more reliable.
High autonomy: Devices can securely record and send data on the blockchain.
Automation: Processes like preventive maintenance can be fully automated.
EGLD at the crossroads: Spectacular growth or inevitable correction?
2020: Market debut
EGLD (Elrond) was officially launched in October 2020. Its opening price was $9.45, after which it hit a low of $6.97 in the same month. For a cryptocurrency in its infancy, this volatility was to be expected.
October 2020 – Official launch
Opening price: $9.45
Minimum price in October 2020: 6.97 USD
Year 2020 source Coingecko photo source: Canva
2021: A year of spectacular growth
Growth of the cryptocurrency market in general
Increased adoption of the Elrondblockchain
Increased confidence from the investment community
All-time high in November 2021 – $501.49
2022: Market-wide corrections
What led to the declines:
General uncertainty in the cryptocurrency market
Negative sentiment among investors due to strict regulations in some countries
Although 2022 was difficult, the Elrond community continued to believe in the project’s potential.
2023: Maximum volatility with a surprising comeback
The year 2023 was a year of two extremes for EGLD. In September 2023, the price fell below the critical threshold of $23, the lowest level in three years. However, by December 2023, EGLD had appreciated to over USD 70, demonstrating an impressive ability to recover.
Notable Moments:
September 2023 low – Below USD 23
December 2023 – Price above USD 70
This rebound was fueled by both technological developments on the Elrond grid and a favorable general market backdrop.
2024: Continuous fluctuations
The start of 2024 looked promising with a price of $67.94 in January. By December, however, the EGLD had fallen back to USD 33.45, reflecting continued high volatility.
Worth noting:
January 2024 – USD 67.94
December 2024 – USD 33.45
Investors remained cautious and market trends once again demonstrated that volatility is a defining characteristic for cryptocurrencies.
2025 (until February): A notable decrease
As of February 26, 2025, EGLD was trading at $21.02, marking a significant drop from previous values. While the situation might seem pessimistic at first glance, it remains to be seen how this cryptocurrency will evolve in the long term.
Current situation:
Today, February 27, 2025 – EGLD price: 21.91 USD
Will the EGLD reach 500 USD again?
According to the forecasts of international analysts and platforms, the price evolution of MultiversX (EGLD) for the years 2025, 2026 and 2030 varies according to different scenarios:
Changelly: This platform estimates that in 2025, the price of EGLD could range between $39.6 and $47.61. By the end of 2030, the price could reach between $227.25 and $273.92 (Source: Changelly)
DigitalCoinPrice: According to their analysis, EGLD could start the year 2027 at USD 62.47 and could trade around USD 76.99 (source: Digital Coin Price).
Binance: The platform suggests that by 2025, the value of the EGLD could increase by 5%, reaching USD 26.70 by 2030 (source: Binance).
It is important to note that these forecasts are speculative and based on current market analysis. The cryptocurrency market is known for its volatility and past performance does not guarantee future results. Investors should conduct thorough research and consult financial advisors before making investment decisions.
Investing in Elrond (MultiversX): Pros and cons
Reasons why investing can be beneficial
Elrond (MultiversX) has caught the attention of the global community due to its innovative technologies and promise to revolutionize the blockchain industry. Here are some main reasons why investing in this platform could be a good idea:
1. Innovative and scalable technology
MultiversX introduces Adaptive State Sharding, a technology that allows the network to operate extremely efficiently. It guarantees:
Massive scalability, capable of processing up to 15,000 transactions per second.
Low fees, making it a viable option for users and businesses.
2. Strong team and clear vision
The team behind Elrond consists of experienced blockchain and technology experts with a long-term vision for democratizing access to digital finance.
3. Growing adoption
From NFT marketplaces to DeFi apps, MultiversX is gaining ground through strategic partnerships and infrastructure development. Projects such as xPortal and xExchange show the clear direction the ecosystem is heading in.
4. Attractive tokenomics
It can be used for staking, ecosystem payments and transactional fees.
Balanced tokenomics supports long-term potential for value growth.
5. Focus on sustainability
With an eco-friendly operating model, Elrond has low energy consumption compared to other proof-of-work blockchains, which appeals to investors concerned about the environmental impact of cryptocurrencies.
MultiversX’s specific weaknesses and risks
While there are many reasons for optimism, it’s also important to analyze the potential risks and challenges of the MultiversX blockchain before deciding whether to invest.
1. Relative centralization
The number of validators is limited compared to other platforms like Ethereum.
The software update process is largely controlled by the central team.
This can pose risks of manipulation or excessive control over the network.
2. Technology complexity
Adaptive State Sharding is a highly sophisticated and relatively new technology. This complexity:
Can create difficulties in quickly detecting security vulnerabilities.
It complicates the training process for new developers looking to work in the ecosystem.
3. Dependency on the core team
4. Fierce competition
Offer similar or alternative solutions in terms of scalability and interoperability.
Capture an important part of the DeFi, NFT and game-based ecosystems.
5. Infrastructure still under development
Some of the key ecosystem components are still in the development or testing phase. Without having a complete and stable infrastructure:
Businesses may be hesitant to rely on MultiversX.
End users might encounter unexpected operational issues.
Is MultiversX right for you?
If you decide to go ahead, make sure:
You understand both the benefits and the risks.
Your investment aligns with your goals and risk tolerance.