EOS Price Leaps 11.68% in a Day to Hit Market Value of $3.7 Billion

EOS is surging ahead of other top cryptocurrencies this Wednesday.

The EOS protocol’s native token established a fresh session high at $4.11, up 11.68-percent from today’s open. In contrast, Bitcoin, Ethereum, XRP, and other top coins managed gains between 2- and 7-percent, barring Cardano’s ADA, which surged up to 10-percent. As of 1000 UTC, the EOS-to-dollar rate was 4.08, 0.73-percent down from the session high. The slip came as a part of an organic downside correction. EOS resumed its rally after finding support near $4.04.

EOS USD, EOS PRICE

EOS PRICE SURGES UP TO 11.68% IN A DAY | SOURCE: COINMARKETCAP.COM

Speaking of volumes, exchanges across the board posted $2.631 billion worth of trading volume in the past 24 hours. The trading activities looked well-distributed across the platforms, with exchanges hosting no more than 7.06-percent of the total EOS daily volume. The asset maximally traded against Ethereum’s ETH, Tether’s stablecoin USDT, and Bitcoin’s BTC.

Coinbase 2

EOS Fundamentals

The EOS rally followed the release of Weiss Crypto Ratings’ annual crypto report. The study provided an outlook of emerging trends in the cryptocurrency industry, primarily focusing on projects that would succeed in the coming year. Weiss awarded EOS the second position – and an A score – for its promising tech/adoption for long-term investors and an attractive risk/reward for short-term investors.

“Despite lower prices since early 2018, our rating model gives us hard evidence that a critical segment of the cryptocurrency industry has enjoyed remarkable growth in user transaction volume, network capacity, and network security. Equally important is our finding that an evolution in the underlying technology often powers these improvements,” said Weiss Ratings Founder, Martin D. Weiss. “Therefore, for those willing to take the risk, the best time to invest could be very near.”

The same report awarded XRP the top spot ahead of EOS. But the Ripple project’s native token managed to secure only 2.47-percent gains in the last 24 hours. It could be due to an ongoing legal battle between XRP investors and its issuance company Ripple Labs. Ethereum, EOS’ main competitor, received an A- score as it missed out on issues related to scalability.

While EOS’ rally could be a part of an overall market push, the Weiss report appears to have boosted intraday bullish sentiment for the blockchain asset. There is no clarity whether or not the rally can continue further. So, traders entering long positions from fresh higher-highs should place a stop loss just below their entry position. It would minimize the overall risk.

Trade safe!

Click here for a real-time EOS price chart.

EOS Price Leaps 11.68% in a Day to Hit Market Value of $3.7 Billion 1
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 42,521.00
ethereum
Ethereum (ETH) $ 2,977.29
tether
Tether (USDT) $ 1.00
cardano
Cardano (ADA) $ 2.07
binance-coin
Binance Coin (BNB) $ 359.04
xrp
XRP (XRP) $ 0.927984
solana
Solana (SOL) $ 135.72
polkadot
Polkadot (DOT) $ 28.25
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.206407
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 42,521.00
ethereumEthereum (ETH)
$ 2,977.29
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 530.73
litecoinLitecoin (LTC)
$ 157.18
bitcoinBitcoin (BTC)
36.262,46
ethereumEthereum (ETH)
2.539,07
tetherTether (USDT)
0,852813
bitcoin-cashBitcoin Cash (BCH)
452,61
litecoinLitecoin (LTC)
134,05
bitcoinBitcoin (BTC)
30,945.76
ethereumEthereum (ETH)
2,166.80
tetherTether (USDT)
0.727776
bitcoin-cashBitcoin Cash (BCH)
386.25
litecoinLitecoin (LTC)
114.39

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021

Blockchain/Cryptocurrency Questions and Answers

Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin42,746 0.43 % 6.66 % 5.30 %
Ethereum3,008.6 0.85 % 6.29 % 8.86 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Cardano2.090 0.79 % 4.43 % 13.56 %
Binance Coin361.46 0.02 % 8.07 % 9.84 %
XRP0.9373 0.17 % 5.45 % 12.28 %
Solana138.42 2.18 % 4.78 % 18.23 %
USD Coin1.000 0.31 % 0.33 % 0.00 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2080 0.14 % 7.31 % 12.25 %

bitcoin
Bitcoin (BTC) $ 42,521.00
ethereum
Ethereum (ETH) $ 2,977.29
tether
Tether (USDT) $ 1.00
cardano
Cardano (ADA) $ 2.07
binance-coin
Binance Coin (BNB) $ 359.04
xrp
XRP (XRP) $ 0.927984
solana
Solana (SOL) $ 135.72
polkadot
Polkadot (DOT) $ 28.25
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.206407