EOS Price Rises Above $18 Again as Bulls Retake Control

Whereas most cryptocurrencies are nonetheless making an attempt to recuperate from a setback over the weekend, there are all the time exceptions to regulate. The EOS worth, for instance, is making ready for one more run at $20, by the look of issues. Thanks to a different 6.7% achieve over the previous 24 hours, the EOS worth is definitely efficiently bucking the general bearish development plaguing the cryptocurrency trade.

EOS Price Rise is Fairly Shocking

There will likely be a time all through 2018 when most cryptocurrencies will set a brand new all-time excessive. For EOS, that all-time has already occurred this yr, however it’s potential there will likely be one other all-time excessive later this yr. With the EOS worth recovering from this weekend’s onslaught somewhat shortly, the constructive momentum is in impact as soon as once more. Because of this, the EOS worth is now again above $18.

Whereas such good points are fairly spectacular as of proper now, it stays to be seen if the EOS worth can stay above $18 for an prolonged time frame. There’s a good likelihood this altcoin has not seen its precise correction simply but, which can successfully spell some attention-grabbing issues to come back the place this coin is worried. On the identical time, EOS can also be the one forex to notice a 6.7% achieve previously 24 hours, whereas most different currencies are within the purple and can proceed to be for many of the day.

It’s also peculiar to notice how the EOS worth is rising because of good points over each Bitcoin and Ethereum. To place this into perspective, EOS has gained 9.37% over Bitcoin and 13.9% over Ethereum. Again, it’s the solely altcoin to make any main good points on this regard, however it’s potential issues will flip round sooner or later. If Bitcoin and Ethereum can recuperate as effectively, the long run will likely be fairly attention-grabbing for all cryptocurrencies. This can even positively impression the EOS worth in the long term.

With $1.617bn in 24-hour buying and selling quantity, EOS is in a lot greater demand in comparison with a number of the different high cryptocurrencies. This can be a fairly exceptional development, though it’s potential this EOS “hype” will relax finally. There isn’t a motive for the EOS buying and selling quantity to decelerate anytime quickly, although, however the cryptocurrency world typically evolves in very attention-grabbing instructions.

OKEx is the most important buying and selling platform for EOS as of proper now. Its lead over Bithumb is fairly steep, and Upbit is even additional behind. One constructive development for EOS is how there are three fiat forex pairs within the high 5, which is much better than most different cryptocurrencies in the marketplace proper now.  It’s additionally attention-grabbing to notice how there are not any EOS/BTC pairs within the high 5, though issues could come to vary within the close to future.

In the interim, the EOS worth seems fairly stable, however sustaining any momentum within the cryptocurrency world is fairly troublesome, particularly in 2018. If this development retains up, nevertheless, there’s a good likelihood the EOS worth will surpass $20 in some unspecified time in the future.  Solely time will inform if that’s even remotely potential, however on this trade, something can and can occur in some unspecified time in the future. The larger query is that if and when different cryptocurrencies will recuperate as shortly.

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