您现在的位置是:EOS price is bouncing back: here are the possible reasons >>正文
EOS price is bouncing back: here are the possible reasons
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛8562人已围观
简介EOSprice has bounced back in the past few days as investors focus on the upcoming EVM integration an...
EOSprice has bounced back in the past few days as investors focus on the upcoming EVM integration and the potential business deal with Hong Kong. The coin jumped to a high of $1.23, which was higher than last week’s low of $0.90.
EVM launch and Hong Kong
The biggest EOS newswas the decision by the developers to integrate Ethereum Virtual Machine(EVM) in the network. EVM is a piece of software that executes smart contracts in Ethereum’s network. It also computes the state of the Ethereum network after each block is added to the chain.
This is important for EOS because it means that dApps developed in its ecosystem will be compatible with those created in Ethereum. Ethereum is the biggest smart contract platform in the world. Therefore, this integration will suit developers and users.
This explains why other leading chains have launched their EVM platforms. In March, popular platforms like IOTA, Zilliqa, Filecoin, and Cardano are working towards integrating the EVM capabilities.
The other main reason why EOS price is rising is a tweet by Yves La Rose, the CEO of the EOS Foundation. In it, he said that he was traveling to Hong Kong for a nine-day business trip. He also hinted that he will speak with officials on how EOS can play a role in the economy.
Heading to Hong Kong this weekend! 🇭🇰✈️
During my 9-day trip, I'll be working out of the @EOSNFoundation's HK office and attending 20+ events.
One of the focuses of my trip is to collaborate with HK government officials to determine how $EOS can play a key role in their future.
— Yves La Rose (@BigBeardSamurai) April 5, 2023
The biggest risk for EOS is that its ecosystem is still small despite the fact that the developers raised over $4 billion in their Initial Coin Offering (ICO). Also, competition in the industry has grown, with some of the biggest names being Polkadot and Avalanche.
EOS price forecast
The daily chart shows that the EOS crypto price has been in a strong bullish trend in the past few days. In this period, the coin has moved above the 50-day and 25-day moving averages. The coin has formed a cup and handle pattern, which is usually a bullish signal. It has also formed a rising wedge pattern, which is usually a bearish sign.
Therefore, the outlook of the coin is a bit mixed at this point. A bullish view will only be confirmed if the coin manages to move above the key resistance at $1.3362, thee highest point on March 3. A drop below the support at $1.10 will invalidate the bullish view,
How to buy EOS
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Open AccountPlus500
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
Buy EOS with Plus500 today 82% of retail CFD accounts lose money.Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/84534.html
相关文章
Crypto adoption continues despite regulatory pressure
EOS price is bouncing back: here are the possible reasonsThe cryptocurrency space recorded massive adoption in August despite some regulatory agencies clampi...
阅读更多
IOTA price is down by 10% in the past 24 hours
EOS price is bouncing back: here are the possible reasonsThe cryptocurrency market is currently correcting after an excellent start to the week, but IOTA is...
阅读更多
Litecoin price eyes rebound after 18% crash
EOS price is bouncing back: here are the possible reasonsAnother leg down for Bitcoin (BTC) could however trigger further losses for LTC given the strong cor...
阅读更多
热门文章
- Atari Launching Its Crypto Token In November
- North Korea launches another ICBM into Japanese waters, days after warning US
- ECB To Conduct Further Studies On The Digital Euro By 2021
- Where to buy Thirm Protocol: THIRM climbs 167% to new high
- Bitcoin SV Network Sees Upsurge As BSV Conference Begins
- BinanceUS CEO Brian Brooks resigns
最新文章
Where to buy MetaMoon: METAMOON has done 2x today
Where to buy Adventure Gold: AGLD rallies 1,400%
Where to buy BASIC: crypto loans platform shoots up 80%
North Korea launches another ICBM into Japanese waters, days after warning US
Cardano price dips 10% as BTC pulls below $52k
What is making Avalanche's AVAX price rise as majority of cryptocurrencies dip?