EOS ready to take off? The reasons for the increase in the price of the cryptocurrency

EOS ready to take off? The reasons for the increase in the price of the cryptocurrency

This week, token EOS increasing, most likely due to a positive news background.

Today, the price of EOS has risen to 7.34 of the U.S. dollar is a two-week high. At the moment the price of a token is about $6,38, and the growth in the last 24 hours was 2% (at the moment the price is in the correction stage), according to CoinMarketCap. It is noteworthy that the EOS also increased by almost 70 percent from the low of 3.95 per dollar, which was fixed on Sunday. Now, this cryptocurrency is ranked seventh in the list of the top cryptocurrencies in size by market capitalization.

It is worth noting that the EOS is the only cryptocurrency out of the top 15, which shows the current increase. Bitcoin (BTC) after a strange situation with Binance has fallen almost 5%. Other top cryptocurrencies also show a negative trend in average 6-9 percent.

Background by EOS

Block.one, the company developed by EOS.io yesterday announced the creation of a joint Fund for $ 100 million with the German incubator that works in the FINTECH industry, FinLab AG for the funding of projects that use the blockchain EOS. The Fund will dispose of FinLab AG.It’s just part of the global initiative Block.one in which the company plans to spend about $ 1 billion for various projects on the blockchain EOS.

Also, on reddit there were rumors that the EOS will soon be added to Upbit – one of the biggest cryptocurrency exchanges in South Korea.

And, no less important, the trading volume increased from 18 March at the stunning 189 percent, and this suggests that the price of EOS in the near future, most likely will continue to grow.

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