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
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle. Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance. One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess. That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS. These projects have managed to find a foothold in the market and have a better chance than most of staying there. While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.
What is a Cryptocurrency CDP?
In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount. There are several examples of this in our day to day lives. Auto title loans from large companies like TitleMax are extremely popular with consumers. Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has. The consumer can continue using their car as long as debt payments are made.
The same concept applies to cryptocurrency CDPs. Consumers are able to put up crypto tokens, such as…
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