Home / Bitcoin Price Predictions / EOS Price Breezes Past $9 in Search of a Double-digit Value – The Merkle
EOS Price Breezes Past $9 in Search of a Double-digit Value – The Merkle

EOS Price Breezes Past $9 in Search of a Double-digit Value – The Merkle

With all cryptocurrencies slowly recovering some of their worth misplaced in a single day, issues will undoubtedly get quite fascinating shifting ahead. More particularly, we see the EOS worth get in the inexperienced once more. A outstanding development, contemplating it is just the second of the highest 15 cryptocurrencies to take action in the present day. With an EOS worth of $9 and barely increased once more, it is going to be fascinating to see when a new all-time excessive might be reached.

EOS Price is Moving up Again

It is all the time fascinating to regulate cryptocurrency markets lately. Mainly as a result of there’s a lot of volatility, but additionally as a result of we may even see some surprising worth developments alongside the best way. In the case of the EOS worth, individuals would anticipate it to seek out some stability close to $8 after the latest dip. Instead, the EOS worth is surging forward already because it moved previous $9 with out an excessive amount of resistance. A constructive growth for holders of this coin, though a new all-time excessive continues to be properly out of attain.

Speaking of which the all-time excessive EOS price is $16.62. That worth was reached about a month in the past, after which all cryptocurrency markets took a flip for the more severe. Similar to different currencies, the EOS worth misplaced half of its worth, ensuing in a tip to $8 after which briefly to $6.51 as properly. Extreme volatility is nothing new in the cryptocurrency world and no currencies can escape this whirlpool both.

Over the previous few days, we have now seen some stable upward momentum for EOS. With the EOS worth hitting $9.7 not that way back, it’s evident reaching $10 is simply a matter of time at this level. The most up-to-date drop to $8.15 allowed a lot of new consumers to purchase in, and they’re up by 10% in the event that they nonetheless maintain the coin in the present day. This EOS worth is a 1.06% increase in USD worth, however extra importantly,  a 3.24% acquire over BTC. It’s additionally a 3.86% enchancment in the EOS/ETH ratio.

With $378.525m in 24-hour trading volume, it’s secure to say EOS is one of the extra standard currencies as of proper now. The total buying and selling quantity continues to be properly beneath $18bn proper now, though it’s a matter of time till this picks up once more. This present EOS buying and selling quantity might not appear all that spectacular, however it’s increased than another currencies in the highest 15 proper now. If this development retains up, we may even see an EOS worth of $10 earlier than the day is over.

Unsurprisingly, it’s South Korea’s Bithumb which drives a lot of the EOS buying and selling quantity. This one buying and selling platform represents 44.35% of all EOS trades all over the world. Bitfinex and Huobi full the highest three, though OKEx shouldn’t be too far behind both. With two fiat forex pairs and one USDT market in the highest three, issues are trying fairly stable for EOS. If this momentum retains up, we may even see some quite fascinating worth motion in the hours to come back.

For the time being, it is going to be fascinating to see what the longer term holds for the EOS worth. A surge to $10 shouldn’t be fully out of the query proper now, though it would primarily rely on how the Bitcoin worth evolves in the approaching hours and days. A brand new bullish sample could also be forming on the Bitcoin chart, which can both raise altcoins up or crush them in their respective ratios to BTC. Rest assured 2018 won’t be a boring yr for cryptocurrency buying and selling in basic.

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