Should You Buy MultiversX in 2025?

MultiversX in brief

How much does 1 MultiversX cost?

The price of MultiversX is rising this week. As of today, MultiversX (EGLD) is trading at £30.27, marking a 2.4% increase over the past 24 hours and a 5.7% gain over the last seven days. Its current market capitalisation stands at £815.5 million, with an average three-month trading volume of approximately £35.2 million. MultiversX holds the 56th position among all cryptocurrencies by market cap, with 26.96 million EGLD in circulation and a market dominance of 0.06%. Given this momentum, MultiversX’s evolving market position and price volatility may offer unique opportunities for UK investors.

Our comprehensive opinion on the cryptocurrency MultiversX

Have recent data points across the MultiversX ecosystem signalled a fresh bullish cycle in the making? In our deep-dive, we’ve dissected MultiversX’s trajectory over the last three years, rigorously synthesising on-chain indicators, technical market signals, and competitor benchmarks through proprietary cross-analysis algorithms. So, why could MultiversX once again emerge in 2025 as a strategic entry point to the layer-1 smart contract ecosystem?

Recent Performance and Market Context

Recent Price Evolution

MultiversX (EGLD) has demonstrated remarkable resilience and flexibility over the past twelve months. From its Q4 2023 lows around $31, EGLD rebounded, steadily reclaiming the $50–$60 range by mid-2024. This price action occurred despite intense competition in the layer-1 sector and episodic market volatility, showcasing underlying investor confidence reinforced by robust fundamentals and community participation.

• Q1-Q2 2024 bullish consolidation: Periods of volume accumulation hint at institutionally led positioning.
• Strong follow-through on upward moves: Confirmed by higher lows and rotation into outperforming crypto indices.

Positive Recent Events

• xPortal adoption acceleration: The new DeFi-centric wallet achieved a milestone of 1 million active users, fuelling new liquidity, especially from the EEA/UK region.
• SDK expansion and partnerships: MultiversX has broadened its partnership base, including alliances with AI and tokenisation projects, confirming its mission to bridge real-world and on-chain activity.
• Mainnet stability and uptime: Regular zero-downtime upgrades (notably the “Merlin” release) reinforced security and reliability, key drivers for institutional onboarding and ecosystem credibility.

Macro and Sector Tailwinds

• Renewed capital inflow: The overall digital asset market, fuelled by regulatory clarity in the UK and MiCA framework adoption in the EU, set a constructive macro backdrop for layer-1 protocols with credible utility.
• Institutional reallocation: Pension funds and digitisation-focused VCs are incrementally deploying capital toward infrastructure and interoperability plays—precisely where MultiversX is increasingly positioned.

Technical Analysis

Key Crypto Indicators

• RSI: Currently in the 52–57 range (neutral-to-bullish), suggesting there is room for further upside, with neither significant overbought nor oversold conditions.
• MACD: Positive crossover noted since late Q2 2024, affirming growing bullish momentum and the likelihood of trend continuation.
• Moving Averages: The 50-day EMA sits above the 200-day SMA, confirming the emergence of a “golden cross”—a classic prelude to medium-term upside surges seen historically in major breakouts.

Support Levels and Bullish Reversal Signals

• Solid supports: The $43–$47 zone has acted as a strong accumulation level, tested successfully during broader market pullbacks.
• Breakout confirmation: Recent price closes above $60 signal a technical breakout, with $68 as the next point of interest if momentum persists.

Momentum and Structure

The consolidation between $50 and $61, punctuated by multiple high-volume green candles, establishes a constructive base for further expansion. In addition, DeFi TVL on MultiversX has rebounded, aligning with bullish technical momentum.

Fundamental Analysis

Growing Adoption and Strategic Partnerships

• Ecosystem expansion: Over the past year, the total number of deployed smart contracts and active DApps on MultiversX has doubled, reflecting rising developer engagement.
• Key partnerships: Collaborations with financial institutions (notably in tokenised securities), AI-powered DeFi players, and cross-chain bridges (e.g., with Cosmos and Ethereum) signal scaling adoption and increased interoperability.

Relative Valuation

• Market Cap: As of June 2024, circa $1.68bn, positioning EGLD attractively among the leading layer-1 assets, yet at a substantial discount versus higher-beta projects of similar scope.
• Fully Diluted Valuation (FDV): $2.3bn, offering a restrained multiple compared to anticipated on-chain volume and fee generation potential.
• TVL: Stable around $135m, with a sharp uptick projected following planned DeFi incentives and protocol upgrades.

Structural Strengths

• Technological leadership: Adaptive State Sharding scales throughput with minimal latency, setting MultiversX apart from legacy architectures.
• Active, distributed community: Developer and user engagement have risen steadily across Western Europe and the UK, fuelling grassroots adoption.
• Market differentiation: By focusing on digital assets, DeFi rails, and real-world tokenisation use cases, MultiversX captures a unique niche between “Ethereum killer” hype cycles and enterprise-grade utility.

Volume and Liquidity

• Exchange volume: A sustained daily volume in $50–$90m range reflects healthy liquidity and growing market traction, supporting both institutional and retail flows.
• Dominance: EGLD consistently ranks in the top 40 cryptocurrencies by market cap, underpinning its relevance and investor recognition.

Catalysts and Positive Prospects

• Protocol upgrades: The “Hyperchain” upgrade (slated for Q1 2025) is expected to dramatically lower transaction fees and extend cross-chain compatibility.
• Integration momentum: Recent listings on major UK/EEA exchanges, and DeFi activations with global partners, foster new onboarding.
• Favourable regulatory shift: With MiCA and UK FCA’s positive signals for DLT-based financial instruments, MultiversX is well-positioned at jurisdictional crossroads.
• Institutional and enterprise embrace: Ongoing pilots with fintechs and banks (notably for tokenised bonds and real-world assets) could unlock new levels of capital inflow.

Investment Strategies According to Horizon

Short-Term (Next 3–6 Months)

• Technical entry: A pullback to the $55–$58 zone—should it occur—could provide a lower-risk entry, leveraging recent supports and current bullish momentum.
• Catalyst anticipation: Positioning ahead of the Q1 2025 protocol upgrade allows value capture as anticipation builds in the ecosystem.

Medium-Term (6–18 Months)

• Ecosystem expansion: As new cross-chain partnerships and DeFi/NFT launches materialise, network activity is poised to accelerate, historically correlating with significant price appreciation.
• Institutional flows: Accumulation strategies targeting periods of consolidation or minor corrections seem attuned to the expected ramp-up of institutional involvement.

Long-Term (2–5 Years)

• Structural play: MultiversX’s focus on sharded architecture and interoperability positions it as a foundational piece of the Web3 backbone, with potential for exponential adoption as real-world use cases mature.
• Growth multiples: Current metrics—both from a P/E and network activity perspective—point to latent upside if execution delivers on the roadmap.

MultiversX Price Projections (2025–2029)

Primary basis: EGLD price as of June 2024 = 60 USD

Is Now the Right Time to Consider MultiversX?

Key Strengths Recap

• MultiversX’s robust technical foundation and adaptive sharding architecture places it at the technological forefront among next-generation blockchains.
• Strategic partnerships and the rapid uptake of DeFi/NFT applications have catalysed ecosystem vitality and diversified use cases.
• Prudent relative valuation, high liquidity, and positive volume flows underscore growing institutional and retail confidence.
• The imminent “Hyperchain” upgrade, combined with increased regulatory clarity across Europe and the UK, could drive a superior risk/reward setup.
• Market positioning as a bridge between real-world assets and Web3-native innovation continues to attract both community builders and external capital.

Optimistic Outlook

In an environment where selectivity is critical, MultiversX seems to represent an excellent opportunity to participate in the next wave of layer-1 innovation, particularly for investors seeking a blend of growth and resilience. With multiple converging catalysts on the horizon—both technological and regulatory—the fundamentals justify a renewed focus.

MultiversX remains a high-volatility cryptocurrency that offers dynamic investment opportunities, albeit requiring disciplined risk management. The recent price acceleration demonstrates MultiversX’s ability to generate rapid, forceful moves; however, evolving macroeconomic conditions call for selectivity. Key technical levels to monitor are $48 as immediate support and $55 as the primary resistance. The upcoming protocol upgrade scheduled for Q1 2025 could emerge as a critical catalyst for MultiversX’s future trajectory.

How to buy MultiversX?

It is straightforward and secure to purchase the MultiversX cryptocurrency online through a regulated platform. UK investors have two main methods to gain exposure to MultiversX: spot buying (where you own the coin directly) and trading crypto via Contracts for Difference (CFDs), which lets you speculate on the price without holding the asset itself. Each method has its own risk profile and fee structure. Below, we detail how each option works, with practical scenarios—while a comparison of leading UK platforms is available further down the page to help you make an informed choice.

Spot Buying

Buying MultiversX “on the spot” means you purchase the actual tokens, which are then stored in your own digital wallet. This method gives you direct ownership, and you benefit if the market price rises. Spot platforms usually charge a fixed commission per transaction, typically around £4–£6, deducted from your local currency deposit.

Example

If MultiversX trades at £25 per coin, a £1,000 investment (excluding ≈£5 in fees) would net you about 39.8 coins. You now directly own MultiversX in your portfolio.

✔️ Gain Scenario

Should MultiversX price rise by 10%, your coins would now be worth £1,100. That’s a gross gain of £100, or +10% return on your investment (before selling fees).

Trading via CFD

CFDs (Contracts for Difference) allow you to trade MultiversX’s price movements without actually owning the coin. You take a position (buy or sell) based on whether you expect prices to go up or down. Key fees include the spread (difference between buying and selling price) and overnight funding charges if you hold the position beyond one day.

Example

You open a CFD position with £1,000 using 5:1 leverage. This means your market exposure is £5,000. If MultiversX moves as you predicted, your returns are amplified by your leverage.

✔️ Gain Scenario

If the price of MultiversX climbs 8%, your leveraged position gains 8% × 5 = 40%. That’s a £400 profit on your £1,000 investment (before fees).

Final Advice

Before investing, be sure to compare the fees and terms of different platforms—costs and features can vary significantly. Remember, your choice between buying and holding or leveraged trading should fit your personal experience level and investment goals. You’ll find a side-by-side platform comparison further down this page to guide your decision with confidence.

Our 7 tips for buying MultiversX

The latest news from the MultiversX

MultiversX (EGLD) has been officially listed on CoinCorner, a major UK crypto platform. This listing, announced on CoinCorner's official channels on June 12, 2024, allows UK-based users expanded access to EGLD, aligning with broader efforts to increase retail adoption of digital assets in the country. CoinCorner's reputation and straightforward KYC procedures bolster user confidence and could significantly improve EGLD liquidity among British retail investors, while facilitating direct GBP/EGLD trades, thus reducing forex friction often faced by UK market participants.

British fintech company Revolut maintains EGLD trading and custody, renewing its commitment to top-tier altcoins. Amid regulatory scrutiny impacting several cryptoassets, Revolut continues to support MultiversX for its UK and European users as of June 2024. This presence on a widely used neobank app facilitates broad day-to-day exposure for EGLD and indicates a favourable compliance assessment by Revolut’s risk teams, which is especially relevant given the UK’s tightening stance on cryptoasset operations.

MultiversX has announced new strategic partnerships with European gaming studios, with UK studios signalling strong interest. On June 10, 2024, MultiversX confirmed collaborations aimed at integrating its blockchain into play-to-earn and metaverse gaming projects, with at least one London-based developer evaluating pilot integrations. Such agreements point to tangible ecosystem expansion, potentially contributing to increased traction, developer engagement, and localised user base growth within the UK market.

Recent FCA statements have reaffirmed that MultiversX’s approach to DeFi aligns with the evolving UK regulatory outlook. While not commenting directly on EGLD, the Financial Conduct Authority’s updated June 2024 guidelines for decentralised services highlight features such as strong KYC and transparency—areas where MultiversX has demonstrated leadership. This regulatory alignment could enhance institutional confidence and enable more compliant industry partnerships within the UK.

MultiversX has recorded a significant surge in UK social media engagement and Google search interest this week. According to data from LunarCrush and Google Trends as of June 12, 2024, EGLD-related queries and interactions have reached their highest point in six months among British users. This spike coincides with positive market sentiment and recent local integrations, suggesting growing brand visibility and potential investor inflows from the UK.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.