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EOS [EOS] Price and What is Impacting its Moon-Rocketing Flow of 100% Weekly Increase

The excellent run of the fifth largest cryptocurrency EOS continues on the weekend even stronger as it rocks the double digit gains of 24.39 percent against the US Dollar. On a 7-days basis the only runner that can get even close to EOS is TRON [TRX] with 64.18% upward movement.

EOS Trading

Source: coinmarketcap

Its value run over the weekend brought the pair EOS/USD above its previous all-time high of $18.50 as it is changing hands at $22.66 leading the BTC market with 19.31 with a market capitalization of $18.6 bln. The token’s market cap has tripled in April, rising from $4 billion on April 1, 2018, to $12 billion on April 27, 2018.

It has been a pivotal month for the crypto that seeks to decentralize exchanges and make cryptocurrency trading user-friendly. Accordingly, more events will be coming that could hoist in the same way prices as they are doing right now. For EOS, on the calendar these events are marked down as busy days – according to coinmarketcal.com

EOS Developing

The series of good news for EOS began on April 6, 2018, when EOS.io (Block.one) announced a strategic partnership with Michael Cao and Winnie Liu for a $200 million fund. The EOS Global would focus on expanding EOS’ presence in Asia via the EOS.io platform.

On the same track, another $100 mil join venture followed-up with FinLab AG. If you fuse solid projects and confidence boosting crypto predictions, an overtake of cemented positions like Bitcoin Cash might not take much longer.

Alex Tomzack
About author

Alex Tomzack is a crypto-enthusiast and has been fascinated since first hearing about it. Loves technology, writing, culture while being a regular trader and holder of digital assets. Email: alex@ethereumworldnews.com
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