The cryptocurrency market is popping issues round in the present day, and EOS is among the best-performing cryptocurrencies among the many high 50 cash.
EOS, the native coin of the EOSIO ecosystem, is the most effective performer amongst the highest 50 cryptocurrencies by market cap. EOS has added greater than 30% to its worth within the final 24 hours.
The rally comes as EOSIO is ready for a rebrand. The EOSIO is the blockchain, and it’s set for a serious rebrand. The rebrand would additionally result in the fork of the EOS coin. According to the team, the EOS Community Basis would quickly be in command of the EOS blockchain.
The rally comes because the broader cryptocurrency market is recovering from the droop it suffered earlier this week. For the primary time this week, the cryptocurrency market is buying and selling within the inexperienced zone.
The market has added greater than 1% to its worth over the previous 24 hours, with the full market cap now round $1.15 trillion.
Bitcoin continues to be buying and selling above $24k per coin, whereas Ether has surged previous the $1,900 mark once more after including greater than 2% to its worth within the final 24 hours.
Key ranges to look at
The EOS/USD 4-hour chart is among the most bullish charts amongst the highest 100 cryptocurrencies by market cap.
The MACD line is deep inside the optimistic zone, indicating that EOS is experiencing a bullish momentum in the mean time.
The 14-day RSI of 81 exhibits that EOS is at present within the overbought area after rallying by greater than 40% over the previous seven days.
At press time, EOS is buying and selling at $1.620 per coin. If the rally continues, EOS may commerce above the $2.059 resistance level for the primary time since Might.
Nevertheless, EOS may wish the assist of the broader crypto market to make a transfer previous the $2.488 resistance stage over the following few days.
The publish Why is EOS up by greater than 30% within the final 24 hours? appeared first on CoinJournal.
