Should You Buy MultiversX in 2025?

MultiversX in brief

How much does 1 MultiversX cost?

The price of MultiversX is on the rise this week. Today, MultiversX (EGLD) trades at approximately ZAR 731.54, showing a 24-hour increase of +3.2% and a 7-day gain of +7.9%. The market cap sits at around ZAR 19.55 billion, with a 3-month average daily trading volume of close to ZAR 662 million. Ranked 56th by market cap, MultiversX has over 26.7 million EGLD in circulation, representing about 0.13% of the total crypto market. With its steady trading activity and notable price movements, MultiversX continues to offer dynamic opportunities for South African investors navigating the crypto space.

Our full review of the MultiversX cryptocurrency

Have we reached a pivotal moment for MultiversX, where three years of continuous evolution meet an inflection point in market dynamics? Our deep-dive leverages multivariate on-chain indicators, technical signals, real-time market data, and a comparative review of competitors, meticulously synthesized through proprietary models. So, why could MultiversX once again emerge in 2025 as a strategic entry point within the smart contract and modular blockchain ecosystem?

Recent Performance and Market Context

Price Evolution Over the Past 12 Months

MultiversX (EGLD) showcased substantial resilience through volatile macro cycles, sustaining a rebound from its Q4 2022 lows around ZAR 400, and peaking near ZAR 800 in early Q2 2024. The asset has since consolidated in the ZAR 690–ZAR 750 bracket, outpacing several L1 peers in relative strength. Year-on-year, EGLD has delivered a +55% return, a testament to its underlying fundamentals and the sustained rotation into quality modular Layer 1s.

Recent Positive Events

• xExchange Expansion: MultiversX's decentralized exchange (xExchange) achieved record TVL in Q1 2024, now consistently above ZAR 3 billion.
• Strategic Partnerships: Integrations with global fintechs and onboarding of regulated fiat ramps (notably in African corridors) have expanded user adoption.
• Genesis DAO Launch: The introduction of the Genesis DAO in March 2024 incentivized ecosystem governance and protocol-native staking, fueling on-chain activity.

Macro & Sectoral Tailwinds

The wider crypto sector, amid South Africa’s favorable regulatory landscape and growing institutional interest, provides a robust backdrop. The SARB’s progressive stance vis-à-vis digital assets, coupled with rising inflation hedging demand, has funneled liquidity into high-utility infrastructures like MultiversX. The Layer 1 segment, especially those focusing on modularity and cross-chain operability, appears primed for renewed inflows as DeFi-Narrative 2.0 gathers pace.

Technical Analysis

Key Indicators: RSI, MACD, and Moving Averages

• RSI (14D): Presently oscillating around 58–62, EGLD's RSI reflects healthy momentum without signs of speculative overheating.
• MACD: The daily MACD remains in bullish territory, with a positive crossover established in late May 2024—historically signaling short-to-midterm uptrends.
• 50/200 SMA: Recent price action sees EGLD well above its 50 and 200-day SMAs (currently at ZAR 640 and ZAR 590, respectively), reinforcing a sustained bullish structure.

Robust Support & Reversal Signals

• Primary support: ZAR 685 level (multi-month support from prior consolidation phases).
• Secondary support: ZAR 630 (high volume node).
• Resistance: ZAR 820–850 zone; a breakout above which could accelerate momentum.

Notably, ascending volume on upswings and muted sell pressure imply continuous accumulation by sophisticated investors—a constructive sign for trend continuation through 2025.

Structural Momentum

• Higher lows established since Q4 2023.
• Increasing average trade size across major exchanges.
• No immediate signs of distribution by large holders.

Fundamental Analysis

Escalating Adoption & Ecosystem Growth

• User Base: Active addresses surpassed 215,000 in May 2024 (+27% YoY), underlining organic demand.
• Ecosystem Expansion: Over 100 dApps, cross-chain bridges with Ethereum and Avalanche, and multiple ZK technology pilots signal a vibrant developer environment.
• Strategic Partners: Recent onboarding of pan-African fintech firms and Web3 infrastructure providers expands reach and potential utility.

Relative Valuation

• Market Cap: ZAR 19.2 billion (mid-2024), undervalued relative to peers offering similar throughput and modularity.
• Fully Diluted Valuation: ZAR 23.5 billion, still offering room for upside when benchmarked against major Layer 1s with lower active participation rates.
• TVL: Over ZAR 3 billion, rapidly catching up to long-standing DeFi protocols.

Structural Strengths

• Technological Edge: Adaptive State Sharding enables linear scalability while maintaining security and efficiency—crucial as DeFi/NFT activity surges.
• Active Community: The MultiversX ecosystem has fostered a robust developer and user community, reflected in hackathon participation and ongoing bounties.
• Differentiation: The platform’s modular, highly composable architecture enables fast onboarding for both novel projects and mature DeFi use cases.

Volume, Liquidity & Market Positioning

• 24H Volume: Averages ZAR 430 million, placing it in the top quartile of L1s for traded volume.
• Market Share: MultiversX now ranks among the top 30 crypto assets globally by market cap, and is firmly entrenched as a serious player in the emerging modular Layer 1 landscape.

Key Catalysts & Positive Perspectives

• Protocol Upgrades: The next major upgrade, expected in Q2 2025, will introduce advanced interoperability, ZK rollup integrations, and enhanced support for regulated DeFi offerings.
• Institutional Onboarding: Ongoing talks with major asset managers and custody providers in ZA—potential catalyst for inflows.
• Regulatory Climate: South Africa’s crypto exchange licensing and progressive outlook provide a stable, innovation-friendly base.
• Ecosystem Expansion: Further integration with regional payment rails and expansion of the xLaunchpad for token launches is expected to trigger an influx of new capital and developers.

Investment Strategies According to Time Horizon

Short-Term (Weeks to 3 Months)

• Favourable Entry Zones: Pullbacks toward the ZAR 700–ZAR 720 area aligned with 50-day moving average can represent tactical entries; upside to ZAR 830–ZAR 860 potential pre-protocol update.
• Event-Driven Positions: Anticipate volatility and upward price movement around key ecosystem announcements or new listings.

Medium-Term (3 to 12 Months)

• Catalyst Accumulation Phase: Progressive build-up of positions ahead of protocol upgrades, DAO expansions, and further exchange listings.
• Compounding Yield: Deploying EGLD in DeFi protocols within MultiversX (xExchange, staking) to earn yield while awaiting capital appreciation.

Long-Term (12 to 60 Months)

• Secular Growth Narrative: As modular blockchains and cross-chain interoperability channels mature, MultiversX stands at the intersection of both trends.
• Core Portfolio Candidate: MultiversX’s innovation credentials, strong developer traction, and increasing institutional attention make it a compelling anchor in a diversified crypto portfolio, especially through expected adoption growth in emerging markets.

MultiversX Price Projections

Is Now the Right Time to Consider MultiversX?

Summary of Strengths

• Robust technical structure with ascending indicators and positive momentum.
• Accelerating on-chain activity, record TVL growth, and high developer engagement.
• Undervalued relative to both modular and classical L1 peers, based on active user base and total ecosystem value.
• Positive regulatory climate and institutional onboarding pipelines, particularly relevant in the South African and pan-African tech corridors.
• Major upcoming protocol advancements and real-world adoption partnerships set to further unlock value.

Optimistic Outlook & Consideration

MultiversX, with its combination of technical strength and clear fundamental growth drivers, appears remarkably well-positioned to capture a new phase of expansion. For investors seeking dynamic growth opportunities—supported by rising adoption, strong technology, and expanding real-world utility—its current price structure and evolving landscape seem to represent an excellent opportunity for deeper consideration. The upcoming protocol upgrades, escalating use cases, and sustained momentum in the local market justify renewed interest.

Important Information

MultiversX remains a high-volatility cryptoasset that offers excellent opportunities for dynamic investment, but that requires rigorous risk management. The recent price acceleration demonstrates MultiversX’s ability to generate rapid, powerful moves, but the evolving macro context means investors must remain selective. Key technical levels to watch include ZAR 685 as immediate support and ZAR 820 as major resistance. The next major protocol upgrade, planned for Q2 2025, could be a pivotal catalyst for MultiversX’s future trajectory.

How to buy MultiversX?

It’s easy and secure to buy MultiversX (EGLD) online using a regulated platform in South Africa. Investors can choose between two main methods: spot buying, where you own the actual coin in your wallet, or trading MultiversX via crypto CFDs (Contracts for Difference) to speculate on its price without holding the asset. Each method has its unique features and costs, allowing you to match your approach to your investment goals. Below, you’ll find a comparison of trusted platforms, so you can decide which suits your needs best.

Spot Buy: Owning Real MultiversX

Buying MultiversX “on the spot” means you purchase and hold real EGLD tokens in your personal crypto wallet. This is the most direct way to own the asset. Spot platforms typically charge a fixed commission per trade. For example, if EGLD is trading at R600 per coin, with R1,000 you could buy about 1.67 EGLD (after accounting for an estimated R50 transaction fee).

Example

• MultiversX price: R600 per coin
• You invest: R1,000
• Transaction fee: R50
• Net amount invested: R950
• Coins acquired: 950 ⁄ 600 ≈ 1.58 EGLD

Scenario: Gain

If MultiversX rises by 10%, your holding would be worth around R1,100.
Result: +R100 gross gain – that's +10% on your initial R1,000 investment (excluding fees).

Trading via CFD: Flexible Exposure, No Coin Ownership

Trading MultiversX via CFDs means you don’t actually own the token—you’re speculating on its price movement through a financial contract. CFD platforms earn through the spread (the difference between buy and sell prices), and additional overnight financing fees apply if you keep your position open beyond a day.

Example

• You invest: R1,000
• Leverage: 5x (exposure to R5,000 of EGLD)
• If MultiversX rises by 8%, your position gains 8 % × 5 = 40 %

Scenario: Gain

Gain: 40% × R1,000 = +R400 profit on your R1,000 stake (excluding fees and overnight costs).

Final Advice

Before investing, it’s important to compare platforms—fees, deposit methods, and terms can vary and impact your returns. Your ideal method depends on your investment goals and experience: holding actual EGLD suits those seeking direct ownership and simplicity, while CFDs offer flexibility and the possibility to profit from both rising and falling prices (but with higher risk).
You’ll find a detailed platform comparison further down this page to help you make an informed decision.

Our 7 tips for buying MultiversX

The latest news from the MultiversX

MultiversX (EGLD) listed on South Africa’s leading crypto exchange VALR, expanding user access locally. This week, VALR—the largest crypto exchange in South Africa by trading volume—confirmed the addition of MultiversX (EGLD) to its trading platform. The listing enables South African users to buy, sell, and trade EGLD directly with South African rand (ZAR), increasing the cryptocurrency’s local adoption potential and liquidity. VALR has also announced enhanced educational materials and customer support for EGLD, reflecting growing institutional interest and mainstream accessibility within the country’s rapidly evolving crypto landscape.

MultiversX Foundation signed a collaboration agreement with South African blockchain hub Cryptovecs, targeting enterprise blockchain adoption. On June 24, MultiversX Foundation formalized a strategic partnership with Cryptovecs Capital, a prominent Johannesburg-based blockchain accelerator, to foster enterprise blockchain solutions across the Sub-Saharan region. The collaboration aims to deliver technical workshops, co-develop decentralized applications (dApps), and offer blockchain education tailored for South African businesses and developers. This initiative has garnered positive attention from fintech stakeholders, reinforcing MultiversX’s reputation as a technology partner of choice for African blockchain innovation.

South Africa’s new “Crypto Asset Service Provider” regulations present an opportunity for compliant networks like MultiversX. The Financial Sector Conduct Authority (FSCA) officially implemented licensing requirements for crypto service providers as of June 1, 2024, positioning South Africa as a regulatory pioneer on the continent. MultiversX’s proactive compliance track record aligns well with FSCA’s standards, boosting its credibility and attractiveness to local investors and businesses seeking regulated blockchain solutions. The regulatory clarity is anticipated to accelerate partnerships and onboarding of institutions into MultiversX’s ecosystem.

Major South African remittance firm SwitchPay announced integration with MultiversX for cross-border payments, supporting the local diaspora. SwitchPay, one of ZA’s fastest-growing payment platforms, has integrated MultiversX to facilitate cross-border remittances, especially to and from the SADC (Southern African Development Community) region. The partnership enables faster, lower-cost transactions with enhanced transparency, directly addressing major pain points in the $2 billion ZA outbound remittance market. This move demonstrates the practical utility of MultiversX’s blockchain in solving real-world challenges for South African residents.

South African universities and fintech startups selected MultiversX technology for blockchain education and pilot projects. The University of Cape Town announced it will use MultiversX’s blockchain infrastructure in its new fintech and blockchain curriculum, starting with a pilot program this semester. Simultaneously, at least two Johannesburg-based fintech startups have confirmed they are building early prototype solutions leveraging MultiversX for decentralized finance (DeFi) and digital identity verification. This academic and entrepreneurial engagement signals a sustainable and positive momentum for MultiversX adoption in the South African innovation ecosystem.

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.