The fifth largest coin by market capitalization is welcoming much gain after the roller-coaster pathway that the cryptocurrencies experienced the last days. Only behind MIOTA’s strong 15.00% increase in the last 24-hours, EOS has jumped upwards for 4.71% reaching above the major $5.00.
On the upside, a close above the $5.25 level and the 61.8% Fib retracement level of the last decline from the $5.65 high to $4.53 low is likely to push the price further higher. The next major resistance is near the $5.50 level, above which, the price may well test the last swing high at $5.65.
Experiencing various cases and knowing that the network is open for RAM exploit issue attacks, the team behind EOS commenced a solution to prevent it. By implementing lines of code, users that are targeting to reach this were able to steal RAM by installing worth noting amount of garbage into rows that are inserted in the name of the second account which is sending to the original account tokens.
It has been announced by the team that the solution to deviate the exploit works by sending the coins to a proxy which starting-off has no RAM available. This includes the first word of a memo which is the account that you want to complete the transfer.
EOS has retained its top spot in the latest ranking of public blockchain projects released by the Chinese government. This latest ranking is the fourth since the index debuted at the end of May 2018.
For the third month in a row, EOS has maintained its number one spot atop the ranking. The delegated proof-of-stake (DPoS) blockchain project edged out Ethereum after the first rankings were released to gain the top spot since June 2018. Apart from topping the charts, EOS also occupied the top place in Technology index.