EOS Price Gains Result in Surpassing Bitcoin Cash by Market Cap

on

Although it has seemingly gone by unnoticed, the EOS ecosystem is in quite a good place right now. Following the most recent price gains, this altcoin is now ranked #4th in terms of overall market cap, surpassing Bitcoin Cash. The current EOS price sits at $2.33, although it appears as if there is some room left for future growth over the coming days.

Strong EOS Price Trend has Speculators Excited

It is evident nearly al cryptocurrencies, tokens, and digital assets rely on Bitcoin’s price first and foremost. As such, one wouldn’t necessarily expect to see so much green across the price charts right now. Especially where EOS is concerned, the most recent market activity has seemingly been a lackluster. Even so, the altcoin surpassed Bitcoin Cash in market cap without too much effort.

Over the past 24 hours, the EOS price increased by 1.57%. Because of this gain, one EOS is now valued at $2.33, or 66,946 Satoshi. Both of these gains are quite interesting to keep an eye on, even if they might not woo a lot of investors. It is evident there is a genuine interest in EOS right now, as the trading volume sits well above $800 million.

On social media, it seems there is a lot of attention on OS right now. Pantera Capital’s Paul Veradittakit released a new report regarding the dApps ecosystem on the EOS blockchain. All of the signs are very promising in this regard, as over 235 apps are active on the network today. It is evident this project brings strong competition to Ethereum, Tron, NEO, and others who want to facilitate the building of distributed applications.

In other positive news, it appears BetKing is preparing to launch a new cryptocurrency exchange in the near future. Said platform will support major trading pairs and popular EOS and ETH tokens. This new project can ensure there will be even more liquidity for EOS as a whole in the near future. It is also interesting to see this popular gambling platform explore options on the exchange side of the spectrum.

Last but not least, it would appear EOS continues to make inroads in the business sector. The tweet by Benjamin McKenna Finch shows EOS will find a market in the career center technology industry. A very interesting development, although it remains to be seen how big this impact will be once everything is said and done. New solutions need to be built and brought to market first and foremost.

All of these signs point toward a rather bright future for EOS in many different ways. Whether or not any of these behind-the-scenes developments will affect the price in any way, remains to be determined. Anything is possible in the cryptocurrency industry, although it seems the current price trend has little to do with actual developments.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.


by JP Buntinx via The Merkle Hash

Comments

Post a Comment