Bitcoin
BTC$47 723.03

-1.33%

Ethereum
ETH$3 521.28

-3.14%

Cardano
ADA$2.40

-3.25%

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BNB$417.11

-3.07%

Tether
USDT$1.000377

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Three reasons why EOS price has pumped 100% in three days


07 May 2021   #EOS

EOS is the latest large-cap altcoin to experience a massive price surge in the last few days as alt season gains momentum. The EOS price is in double-digits for the first time since mid-2018 after a parabolic advance that began back in March.

According to data from Coingecko, the 20th-ranked crypto by market capitalization is currently sitting above $11.50, delivering close to 100% gains over the last three days.

First, the current EOS upward advance is occurring at the intersection of two unique price trends. On the one hand, the EOS/Tether (USDT) trading pair is at the top of the range for 2021 while the token price against Bitcoin (BTC) fell to its lowest level in three years back in early March.

As of the time of writing, the EOS/BTC price action chart has broken an almost three-year downtrend signaling the possibility for significant upward movement. Secondly, with Bitcoin dominance continuing to slide amid massive altcoin gains, the market cycle appears to have large-cap tokens on the ascendency. Indeed, major alts like Bitcoin Cash (BCH), Ethereum Classic (ETC), Chainlink (LINK), and Polkadot (DOT) have experienced rapid price surges.

These altcoin gains have been further boosted by Ether (ETH) setting new all-time highs

EOS is following along with the pattern, gaining enough momentum to show significant price action strength against Bitcoin. As of the time of writing, the EOS/BTC trading pair is up 76% in the last 24-hour trading period. A third likely explanation for the EOS breakout can be attributed to the recent staking rewards announcement. As previously reported by Cointelegraph, the EOS community is considering a proposal to increase staking rewards.

The recommendation for increasing the staking reward was based on a report commissioned by Block.one. The proposal could be the next major development on the EOS network after the PowerUp model that allows users to pay a one-time transaction fee for 24 hours.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 83.6% 24 $47 723.03 -1.33% 3.38% $898 055 562 067 $30 761 279 414
2 Ethereum (ETH) ETH Ethereum predictions 71.6% 52 $3 521.28 -3.14% 3.50% $413 952 033 409 $18 480 035 542
3 Cardano (ADA) ADA Cardano predictions 66% 64 $2.40 -3.25% -2.88% $76 946 080 219 $3 112 508 822
4 Binance Coin (BNB) BNB Binance Coin predictions 68.4% 70 $417.11 -3.07% -0.09% $70 130 954 148 $1 638 029 774
5 Tether (USDT) USDT Tether predictions 96% 1 $1.000377 -0.01% 0.02% $68 279 713 834 $73 954 976 481
6 XRP (XRP) XRP XRP predictions 71.2% 56 $1.086253 -3.33% -1.06% $50 643 533 660 $3 001 040 279
7 Solana (SOL) SOL Solana predictions 57.2% 89 $143.70 -10.74% -21.20% $42 654 669 447 $3 242 950 075
8 Polkadot (DOT) DOT Polkadot predictions 63.2% 83 $35.70 -0.59% 16.20% $35 258 180 901 $2 310 522 620
9 Dogecoin (DOGE) DOGE Dogecoin predictions 66.4% 65 $0.251301 2.00% 0.36% $32 998 444 911 $1 925 256 557
10 USD Coin (USDC) USDC USD Coin predictions 94.8% 1 $1.000175 0.01% 0.01% $29 230 189 040 $2 836 756 306
11 UniSwap (UNI) UNI UniSwap predictions 68.8% 56 $25.55 -5.24% 10.03% $15 627 896 736 $594 596 032
12 Terra (LUNA) LUNA Terra predictions 68% 67 $35.48 -3.65% 11.96% $14 258 535 854 $1 566 161 846
13 Avalanche (AVAX) AVAX Avalanche predictions 69.2% 69 $62.58 3.98% 48.31% $13 786 359 755 $2 556 442 829
14 Chainlink (LINK) LINK Chainlink predictions 74% 56 $29.45 -6.47% 4.87% $13 312 231 211 $1 530 222 321
15 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $1.000178 -0.01% 0.01% $12 747 103 808 $6 318 386 121

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