EOS going upwards

EOS token based on Ethereum platform showed a significant price rise within past week
21 November 2017   1533

EOS is the token of EOS.IO software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications, which provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and clusters.

EOS showed a fast price increase within past week rising from the price of $1,10 with market capitalisation of $13 million on November 13 to the price of $2,10 with market capitalisation of $2 billion on November 21.

November 21 is marked by the first time when EOS' market capitalisation hit the point of $1 billion.

EOS token Charts november 2017EOS Charts

What is more, currently EOS takes the 1st place in the full list of tokens ranked by market capitalisation volume, overtaking positions of OmiseGo token, which remained at the 1st place for quite a long period of time.

List of tokens ranked by market capitalisationList of tokens ranked by market capitalisation

Such a significant price increase may be linked to the announcement of Huobi.Pro exchange which stated that it is going to launch EOS on its platform. The announcement was made on November 18 and EOS/BTC and EOS/ETH trading also started at 14:00 on November 18, 2017. Previously, Huobi.Pro announced launch of OmiseGo token on its platform.

At the moment of press, these are main market parameters of EOS token:

  • Average price: $1.94
  • Marketcap: $950,509,541
  • 24h volume: $58,743,600

EOS to Become Transaction Volume Leader

EOS transaction volume to exceed Bitcoin's, Ethereum's and even Tron's
15 January 2019   240

According to the Coinmetrics analytical resource, EOS has become the absolute leader in terms of transaction volume.

Tron blockchain activity is approx twice lower than EOS. The volume of Ethereum transactions is about 11 times smaller than that of EOS. Also note that XRP is slightly higher than bitcoin in this parameter.

CoinDesk analyst Peter Ryan emphasizes that transactional activity in smart contract platforms is usually much higher than that of cryptocurrencies, which mainly function as a means of preserving value.