Three reasons why EOS price has pumped 100% in three days
EOS is the latest large-cap altcoin to experience a massive price surge in the last few days as alt season gains momentum. The EOS price is in double-digits for the first time since mid-2018 after a parabolic advance that began back in March.According to data from Coingecko, the 20th-ranked crypto by market capitalization is currently sitting above $11.50, delivering close to 100% gains over the last three days.First, the current EOS upward advance is occurring at the intersection of two unique price trends. On the one hand, the EOS/Tether (USDT) trading pair is at the top of the range for....
Related News
Polkadot (DOT) price reveals that the extreme bullish movement pumped the price reaching $9.54. DOT price extremely bullish; set to retest $9.88 key resistance level. Support spotted at the $9.29 zone. Polkadot pumped up its price to $9.54. DOT’s price trendline has spiked for the past couple of weeks following the coin’s overwhelming gains over the past few days. Today, DOT/USD is trying to test the $9.87 key resistance level which is pretty strong. However, if the bulls continue to push further then DOT will have no problem breaching this critical resistance zone. Related Reading:....
Following the significant Bitcoin price growth to nearly $500 last week, it went down sharply on November 10-11. Just a few days ago, the Bitcoin price faced the first wave of decline to the $370 - $390 level. During the last 24 hours, the price lost almost 20% on all major cryptocurrency exchanges and dropped to as low as $308 on some of them. One of the reasons for this downward trend could be a significant reduction of Bitcoin trading volume on the market. On the other hand, there are theories about speculation on some of the Chinese exchanges and information that the recent Bitcoin....
The price of Ethereum (ETH) hit $500 on Binance for the first time since July 2018. The timing of the ETH rally is noteworthy because it comes merely two days after it dropped to $456. Within two days, from its lowest point on November 18, ETH has rallied by nearly 10%. Several key reasons appear […]
Metaverse, gaming and incentive-offering DeFi tokens pumped last week even as Bitcoin and the total crypto market capitalization dropped. Here’s why. Looking at the past seven days of winners and losers might give one the impression that cryptocurrency markets are net positive. Still, total market capitalization actually fell by 6.7% to $2.72 trillion as Bitcoin's (BTC) price retraced 8.3% to $58,425.Top winners and losers from the sector's top 80 coins. Source: NomicsThe only connection between this week's top gainers seems to be the metaverse and gaming sector, which has been on a bull....
The Bitcoin price has risen above $35,000 for the first time since early May 2022, for which there are a number of reasons beyond mere speculation. These are the five most important reasons. #1 BlackRock’s Spot Bitcoin ETF Approval Looms Large The primary driver behind the surge seems to be the growing anticipation surrounding the […]