Elrond ($EGLD) Crypto Forecast: Up 21.3% Today

What is Elrond?

EGLD, also known as Elrond, is a cryptocurrency token known for its high scalability and fast transaction speeds. The overall cryptocurrency market has been experiencing a bullish movement led by Bitcoin.

Why is Elrond going up?

EGLD crypto is up 21.3% on May 9, 2025 6:42

• EGLD showed strong bullish movement alongside other altcoins during a swift cryptocurrency rally driven by Bitcoin.
• The rise in altcoins like EGLD may be linked to growing investor confidence and optimism in the cryptocurrency market as a whole.
• Significant liquidations of $866 million within the past 24 hours could have added to increased volatility, prompting traders to explore altcoins such as EGLD for potential profits.
• The positive momentum seen in EGLD mirrors a wider trend of optimism and interest in alternative cryptocurrencies, signaling investors' interest in opportunities beyond conventional assets like Bitcoin.

EGLD Price Chart

EGLD Technical Analysis

EGLD News

Top 3 Gainers VIRTUAL, EGLD, TRUMP: Altcoins surge amid shattering $866M liquidations

The rapid cryptocurrency rally led by Bitcoin (BTC) has left traders counting losses, with liquidations in the last 24 hours reaching a staggering $866 million on Friday.

https://www.fxstreet.com/cryptocurrencies/news/top-3-gainers-virtual-egld-trump-altcoins-surge-amid-shattering-866m-liquidations-202505090603

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Elrond Price History

06.02.2025 - EGLD Crypto was up 5.0%

• The bullish movement of EGLD could be attributed to positive market sentiment towards cryptocurrencies, as investors seek alternative assets amidst global economic uncertainties.
• The expansion of MultiversX in a prominent U.S. city may have sparked optimism in the tech sector, indirectly benefiting EGLD as part of the broader cryptocurrency market.
• The potential for MultiversX to join tech giants could indicate growing interest and investment in blockchain technology, which could have positively influenced EGLD's price movement.
• Overall, the combination of favorable market conditions, tech sector developments, and increasing adoption of blockchain technology may have contributed to EGLD's bullish movement today.

31.00.2025 - EGLD Crypto was up 5.1%

• The bullish movement of EGLD could be attributed to the announcement regarding the management of the Arweave and MultiversX hard forks. This news likely sparked investor interest and confidence in the project, leading to increased buying pressure and driving up the price of EGLD.
• Hard forks are often seen as a positive development in the crypto community as they can bring improvements and new features to a blockchain network. The involvement in managing these hard forks could signal support and legitimacy for the projects involved, including EGLD.
• The market's reaction to this news suggests that investors are optimistic about the future prospects of EGLD and believe that the upcoming hard forks could bring value to the token. This positive sentiment has translated into a strong bullish movement for EGLD today.

09.04.2025 - EGLD Crypto was up 21.3%

• EGLD showed strong bullish movement alongside other altcoins during a swift cryptocurrency rally driven by Bitcoin.
• The rise in altcoins like EGLD may be linked to growing investor confidence and optimism in the cryptocurrency market as a whole.
• Significant liquidations of $866 million within the past 24 hours could have added to increased volatility, prompting traders to explore altcoins such as EGLD for potential profits.
• The positive momentum seen in EGLD mirrors a wider trend of optimism and interest in alternative cryptocurrencies, signaling investors' interest in opportunities beyond conventional assets like Bitcoin.

19.02.2025 - EGLD Crypto was up 5.5%

• EGLD experienced a strong bullish movement today, likely fueled by positive sentiment in the overall cryptocurrency market.
• The news about Layer-1 Project MultiversX leading the crypto gaming sector in development activity could have boosted confidence in EGLD as a promising blockchain platform for gaming applications.
• The focus on development activity in the gaming sector indicates a growing interest in blockchain technology for gaming, potentially attracting more investors to EGLD.
• Overall, the combination of a bullish market sentiment and positive developments in the gaming sector could have contributed to EGLD's upward price movement today.

21.11.2024 - EGLD Crypto was down 5.7%

• The recent decline in EGLD could be linked to profit-taking by investors following a period of price increase.
• The attention from analysts towards cryptocurrency price trends may have contributed to market uncertainty, prompting some selling activity.
• The overall market sentiment surrounding EGLD appears to be shaped by technical indicators and cautious investor behavior in the cryptocurrency sector.

27.01.2025 - EGLD Crypto was up 5.2%

• The bullish movement of EGLD today can be attributed to the announcement of Animoca Brands joining the MultiversX network. This partnership likely brought increased attention and positive sentiment towards EGLD.
• The integration of Animoca Brands into the MultiversX network could potentially open up new opportunities for EGLD, leading investors to be optimistic about its future growth prospects.
• This development highlights the significance of strategic partnerships in the cryptocurrency space and how collaborations with well-known companies can significantly impact the market movement of digital assets like EGLD.

23.11.2024 - EGLD Crypto was up 5.8%

• EGLD's strong bullish movement today could be attributed to investors viewing the recent dip in its price as a buying opportunity.
• Highlights of EGLD as a potential buy despite its recent decline may have sparked renewed interest and buying activity in the token.
• The overall market sentiment towards EGLD seems positive, with investors potentially capitalizing on the perceived undervaluation of the token.

09.11.2024 - EGLD Crypto was down 8.1%

• The bearish movement in EGLD today could be attributed to profit-taking by investors after a recent price surge.
• The repeated AI predictions for EGLD's price for year-end may have caused some uncertainty or skepticism among traders, leading to selling pressure.
• It's possible that the market sentiment towards EGLD shifted due to external factors not covered, such as regulatory concerns or overall market conditions.
• Traders might be reacting to the AI predictions by adjusting their positions, contributing to the downward pressure on EGLD's price today.

26.11.2024 - EGLD Crypto was down 5.3%

• The bearish movement in EGLD today could be attributed to profit-taking by traders after a period of strong growth.
• Mentioning that EGLD is down 42% and a potential buy could indicate a contrarian view that sees this dip as a buying opportunity for investors looking for a bargain.
• The announcement of EGLD's Growth Games grants offering developers substantial rewards in the future may have sparked interest but not enough to offset the current selling pressure in the market.
• Overall, the bearish trend in EGLD today may be a combination of market correction, profit-taking, and general volatility in the cryptocurrency space.

06.01.2025 - EGLD Crypto was down 5.0%

• The bearish movement of EGLD could be attributed to profit-taking by investors after a recent price surge.
• The launch of new MiCA-compliant stablecoins by xMoney may have diverted some investor attention and funds away from EGLD.
• Binance managing Arweave and MultiversX hard forks might have caused some uncertainty in the crypto market, leading to a sell-off in assets like EGLD.
• Overall, the combination of profit-taking, new stablecoin launches, and hard fork management news could have contributed to the bearish movement of EGLD today.

13.01.2025 - EGLD Crypto was up 5.3%

• EGLD's bullish movement can be attributed to the overall positive sentiment in the cryptocurrency market.
• The potential adoption of cryptocurrency in a small city in Romania could have sparked optimism and increased interest in digital assets like EGLD.
• The launch of three new MiCA-compliant stablecoins by xMoney may have contributed to increased liquidity in the European crypto market, benefiting tokens like EGLD.
• These developments signal a growing acceptance and integration of cryptocurrencies into traditional financial systems, driving up demand for assets like EGLD.

12.02.2025 - EGLD Crypto was up 5.6%

• EGLD experienced a strong bullish movement today, possibly fueled by positive sentiment and growing interest in the cryptocurrency market.
• The AI prediction of EGLD reaching $100 billion for a 200x surge could have sparked excitement and attracted more investors to the token.
• The news about MultiversX expanding its presence by opening an office in a U.S. city may have contributed to the overall positive sentiment in the cryptocurrency market, indirectly benefiting EGLD as well.
• The combination of bullish market conditions, positive predictions, and industry developments could have propelled EGLD to its strong upward movement today.