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EOS Just Went Beyond Its All-Time High

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EOS
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EOS showed some amazing progress during the last couple of months, grabbing the attention of investors as one of the most promising coins in the market. That is how EOS managed to take over the fifth spot on the global coin ranking list, which was previously long-held by Litecoin for quite some time. That was not the end for EOS, as this coin is doing more than well with rebounding from the massive selloff that happened a couple of days ago. Let’s see how EOS is doing at the current moment.

EOS Gets Back to Its All-Time High

If you take a look at the current state of the market, on April 28th, you will notice that the majority of currencies are going down while trading in the red. However, EOS is one of the rare digital assets at the current moment that is trading up against the dollar while trading in the green and collecting new rises.

A couple of weeks ago, we have had a chance to witness a magnificent comeback that this coin had after the market dip that went on ravaging the market for more than two months when the total market capitalization was stripped down for more than 50%.

That means that the majority of currencies have had a rough time during this period while also having some issues at the beginning of the rebound phase that followed after the market dip was over. We already know as we have learned on previous cases, that the crypto market can be more than slightly unpredictable, so it kind of isn’t that big of a deal if your favorite coin gets drawn into the whirlpool of losses together with the market trend.

What it matters, is how quickly and how will is your coin going to recover from the crash. EOS has shown that it belongs among highly governed cryptocurrencies, with a strong community, which on top of other factors, made EOS capable of getting back on the track in no time, even though the market has been through a crash and a selloff in the last couple of months.

At the same time, it is considered that this coin managed to develop a type of immunity to greater losses on the market due to the fact that EOS investors are waiting for the long-anticipated launching of the EOS Main Net.

The Main Net is announced to be released 35 days from now, and you can follow up with the live countdown until the time of the launching on EOScountdown.com. Since the community is waiting for the main net launch, it is speculated that everyone is holding onto their EOS units simply because of that point on EOS’s roadmap.

Whichever the case, EOS has shown some amazing results during the last couple of months, but also during the last week.

EOS the Best Performing Coin of the Week

EOS has managed to collect over 60% of gains during the last week and going towards 70% of weekly rises with the last change in the market that happened today, on April 28th.

At the beginning of the week, EOS was going towards the value of 14$, which was soon afterward reached, going towards a higher price per unit with a daily rise of 17% against the dollar.

In addition to these rises, EOS acquired another set of gains that brought it to the price of over 17$ on April 27th, that way getting closer to its all-time high that was reached back in mid-January.

EOS was dealing at 18.16$ per one unit around January 14th, and now we see it easily getting back to this price and even going beyond it, which means that today, on April 28th, EOS managed to each its new record price, making it another extraordinary move by this digital asset.

After the latest change in the market, despite the massive drop that hit the majority of currencies today, EOS has reached a new all-time high of 18.80$ going for rises of over 20% at one moment.

How is EOS doing at the Current Moment?            

EOS was collecting massive gains during this week, making it the fast growing and best performing digital currency of the week with over 62% of rises collected in less than 7 days.

That is how EOS is still holding onto the fifth spot on the global coin ranking list, without any signs that it would be going down anytime soon. In addition to this success, EOS just managed to reach a new record price, surpassing its all-time high of 18.16$.

After the latest change in the market, this coin has gone up to 15.54% against the dollar, while trading in the green. In addition to rising up against the fiat currency, EOS is also going up against BTC and ETH for over 15%, which means that EOS is currently doing better in the market in oppose to Ethereum and Bitcoin.

Following the most recent change in the market, this coin can be purchased at the new all-time high of 18.80$ per one unit. We are all excited to see what happens next.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Bernard Spragg. NZ via Flickr

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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