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.
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 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.
— Huobi Pro (@HUOBI_Pro) 18 November 2017
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