Three reasons why EOS price has pumped 100% in three days
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.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 83.2% | 27 | $63 731.32 | -1.41% | -5.15% | $1 254 718 965 668 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 74.4% | 45 | $3 048.04 | -2.05% | -6.28% | $365 984 339 181 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $1.000527 | 0.01% | 0.04% | $109 527 253 340 |  |
|
| 4 |  BNB |
Binance Coin predictions | 88.4% | 18 | $558.98 | -0.11% | -6.15% | $83 585 746 502 |  |
|
| 5 |  SOL |
Solana predictions | 75.2% | 51 | $142.40 | -1.33% | -5.02% | $63 625 804 667 |  |
|
| 6 |  USDC |
USD Coin predictions | 94% | 2 | $1.000198 | 0.01% | 0.03% | $33 909 730 390 |  |
|
| 7 |  XRP |
XRP predictions | 69.6% | 58 | $0.515110 | 2.69% | -4.81% | $28 397 582 786 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 68.8% | 59 | $0.152823 | 0.19% | -10.17% | $22 000 479 669 |  |
|
| 9 |  TON |
Toncoin predictions | 65.6% | 64 | $6.30 | -10.61% | -5.87% | $21 855 614 662 |  |
|
| 10 |  ADA |
Cardano predictions | 67.2% | 60 | $0.490471 | 6.05% | -2.74% | $17 472 860 958 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 62.8% | 85 | $0.000023 | 0.64% | -5.01% | $13 501 804 322 |  |
|
| 12 |  AVAX |
Avalanche predictions | 67.2% | 60 | $35.69 | 0.71% | -5.73% | $13 488 699 302 |  |
|
| 13 |  STETH |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 14 |  WBTC |
Wrapped Bitcoin predictions | 82.4% | 31 | $63 865.14 | -1.06% | -5.00% | $9 923 604 206 |  |
|
| 15 |  DOT |
Polkadot predictions | 71.2% | 57 | $6.79 | -0.01% | -5.17% | $9 753 046 496 |  |
