Bitcoin
BTC$56 597.84

0.02%

Ethereum
ETH$4 534.44

0.45%

Binance Coin
BNB$615.05

-0.52%

Tether
USDT$0.999922

-0.11%

Solana
SOL$229.99

1.84%

Cardano
ADA$1.68

9.21%

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 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 70.8% 54 $56 597.84 0.02% -2.11% $1 069 110 914 215 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 78.8% 32 $4 534.44 0.45% 2.60% $537 714 464 810 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 82% 34 $615.05 -0.52% -0.78% $102 591 233 401 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 90.8% 1 $0.999922 -0.11% -0.02% $74 097 385 848 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 73.2% 59 $229.99 1.84% 12.37% $70 293 229 055 SOL 7 days price change
6 Cardano (ADA) ADA Cardano predictions 64.8% 75 $1.68 9.21% 2.23% $55 845 098 060 ADA 7 days price change
7 XRP (XRP) XRP XRP predictions 64.8% 71 $0.970687 -0.09% -5.74% $45 862 358 765 XRP 7 days price change
8 USD Coin (USDC) USDC USD Coin predictions 94% 2 $0.999273 -0.16% 0% $39 029 760 115 USDC 7 days price change
9 Polkadot (DOT) DOT Polkadot predictions 65.2% 77 $35.59 0.33% -8.31% $35 148 840 556 DOT 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 59.2% 80 $0.208482 1.43% -4.03% $27 594 437 999 DOGE 7 days price change
11 Terra (LUNA) LUNA Terra predictions 67.6% 68 $68.76 7.59% 58.84% $26 665 900 349 LUNA 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 62% 75 $107.28 -8.37% -7.50% $24 025 719 841 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 63.2% 78 $0.000041 -3.40% -1.27% $22 608 519 815 SHIB 7 days price change
14 Crypto.com Chain (CRO) CRO Crypto.com Chain predictions 60% 89 $0.690511 -3.01% -9.31% $17 444 393 551 CRO 7 days price change
15 Polygon (MATIC) MATIC Polygon predictions 71.6% 63 $2.12 0.69% 14.13% $14 863 184 838 MATIC 7 days price change

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