Bitcoin
BTC$18 928.29

-1.09%

Ethereum
ETH$1 294.66

-3.51%

Tether
USDT$1.000070

0%

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USDC$1.000014

0.01%

Binance Coin
BNB$274.74

-1.09%

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XRP$0.500514

-0.70%

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 84% 26 $18 928.29 -1.09% -4.04% $362 675 162 554 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 69.6% 54 $1 294.66 -3.51% -5.75% $158 627 858 840 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $1.000070 0% 0% $67 959 464 596 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000014 0.01% -0.01% $49 594 307 856 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 90% 15 $274.74 -1.09% 1.13% $44 325 985 527 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 63.2% 74 $0.500514 -0.70% 26.97% $24 950 009 051 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 92.4% 1 $1.000119 0% 0% $20 519 701 371 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 79.2% 32 $0.447321 -2.92% -3.50% $15 312 533 995 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 84.4% 29 $32.55 -3.85% 0.89% $11 545 262 081 SOL 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 90.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 88.4% 15 $0.061629 -4.48% 3.07% $8 176 334 390 DOGE 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 78.4% 41 $6.22 -3.37% -7.84% $6 968 389 291 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 93.6% 1 $0.999457 -0.02% -0.02% $6 926 301 960 DAI 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 73.6% 55 $0.746252 -3.07% -5.23% $6 518 004 616 MATIC 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 76.4% 42 $0.000011 -4.47% -2.59% $6 105 472 299 SHIB 7 days price change

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