Get EOS (EOS) all time high price, historical charts, latest news and other information.

EOS Network, a popular open-source blockchain platform prioritizing high performance and security, has recently witnessed a sharp price decline. The asset exhibits bearish sentiment in the 30-Day timeframe. 

The EOS price is down by 14.19% in its one-month data from CoinMarketCap. This suggests that the bears have controlled the market since the last 30 days trading session. This shift in market sentiment raises questions about what lies ahead for EOS.  
EOS Faces High Bearish Momentum, Further Price Decline, or Potential Reversal?
The bearish sentiment and the loss of control by the bulls have had a noticeable effect on EOS’s price. The cryptocurrency has experienced a downward trend, with declining trading volumes and increased selling pressure. 
Notably, the 24-hour trading volume is declining by 13.29% today, May 29, 2023, and its market cap is down by 1.32%. As of the time of writing, the price of EOS is down by 1.28%, at $0.89.

This trend reflects a shift in market dynamics as investors become more cautious and start to sell their EOS holdings.
Despite the prevailing bearish sentiment, potential catalysts could alter the trajectory for EOS. On May 26, the EOS network shared potential bullish news about its partnership with Hypha DAO and an initiative dubbed Beta Program. 
EOS network claims that the Beta program will offer a range of pre-configured templates designed to meet different firms’ needs and objectives. Generally, this news may lead to a positive market impact on the EOS price and market sentiment.
EOS’s positive development and partnership can attract new buyers and increase demand, increasing prices. Also, Fear of Missing Out (FOMO), a psychological phenomenon, can create a buying frenzy and drive the price even higher quickly.
EOS Price Formed Double Bottom Pattern
In that sense, the EOS/USDT has formed a double-bottom chart pattern, suggesting a potential uptrend movement soon. The double bottom pattern is a bullish reversal pattern that typically forms after a prolonged asset price decline.
Confirming the double bottom pattern occurs when the asset’s price breaks above the resistance level formed by the peak between the two bottoms. This breakout confirms the reversal signal and suggests a higher probability of an upcoming uptrend.

EOS has an important resistance level at $0.931, which represents a significant blockage for possible bullish movement.
Bollinger Bands and MACD Signal Potential Trend Reversal
The asset is currently oscillating between the upper band and middle band of the Bollinger Band indicator. This suggests an increase in the buying pressure and a rising bullish momentum.
In addition, the Moving Average Convergence/Divergence (MACD) is currently above its signal line, suggesting bullish momentum. This indicates that the buyers are gradually taking over the market, and there might be a potential trend reversal soon.

As seen in the chart above, the histogram is above zero and has strong green bars, further confirming the bullish sentiment in the market.
Featured image from Pixabay and chart from TradingView


EOS Network, a popular open-source blockchain platform prioritizing high performance and security, has recently witnessed a sharp price decline. The asset exhibits bearish sentiment in the 30-Day timeframe.  Related Reading: The Best Decision Is To ‘Buy Bitcoin (BTC),’ Robert Kiyosaki Urges The E...

newsbtc.com

Bearish Sentiment Hits EOS As Bulls Lose Control, What Lies Ahead?

BTC and stocks look to rally after US lawmakers potentially reach a deal on the debt ceiling.

cointelegraph.com

Bitcoin reclaims $28K, and charts suggest ARB, XRP, EOS and AAVE could follow

In an exciting update, the EOS Foundation recently launched a major upgrade with innovative developments and solutions to its network ecosystem.

The upgrade coincided with a market recovery today that saw the price rally of Bitcoin and some altcoins alongside it. The theme of the upgrade had a positive ring to it, intending to deliver speed, scalability, and reliability to the EOS blockchain network.
EOS Network Launches Antelope Leap V4.0.0 Upgrade
The Antelope Leap v4.0.0 upgrade is an open-source software that enables anyone to operate a node on the EOS blockchain network seamlessly.
For clarity, a node is a computer system that runs a blockchain consensus model by validating incoming user transactions and storing the data in a distributed network ledger.
Node operators use these computer systems to validate network transactions while securing a blockchain network. They earn token rewards for their contributions to the validity and integrity of blockchain ecosystems.
Related Reading: Bitcoin Price Signals Fresh Increase But $29K Is The Key To More Gains
That said, the EOS Antelope Leap v4.0.0 upgrade was launched to optimize node performance, making it easy for anyone to carry out node operations without hassle.
Solutions the upgrade brings forward to node operators include multi-threading features to boost node performance, reduced node latency, faster block propagation, and more visibility and control.

The Leap v4.0.0 upgrade is an important milestone and achievement for the EOS blockchain ecosystem.

Node operators have been advised to upgrade their nodes to the newest Leap version for ease of use and compatibility with other network infrastructure.
Will Price Respond
The price of the EOS token has responded sluggishly despite the Leap v4.0.0 upgrade launch and recent market rally, which saw Bitcoin reclaim the $29,000 price region.
At the time of writing, the third-generation blockchain token is seen trading at $1.07, according to Coinmarketcap data. This is only a slight increase from its 24-hour low of $1.02.
While BTC gained over $1600 from its 24-hour price change, EOS is still yet to notably move compared to some altcoins, largely profiting from the BTC rally.
Related Reading: Bitcoin Market At Decision Point: aSOPR Retests Crucial Level
Bitcoin is on the move to test its $29,200 resistance. If it fails to break, a retracement could occur, negatively impacting the price of EOS and other cryptocurrencies traded in the markets.
However, on the EOS monthly chart timeframe, the token is seen to be trading at base levels and halfway close to its all-time lows, which may indicate close to bottom levels for a reversal.
There is room for upside movements of the token to profit from as current market sentiments are becoming positive due to BTC’s recent price move.
 






In an exciting update, the EOS Foundation recently launched a major upgrade with innovative developments and solutions to its network ecosystem. The upgrade coincided with a market recovery today that saw the price rally of Bitcoin and some altcoins alongside it. The theme of the upgrade had a po...

EOS Foundation Launches Upgrade As Crypto Market Rallies

Open-source blockchain platform EOS announced the beta launch of its Ethereum Virtual Machine (EVM) mainnet, designed to enhance interoperability between the network and the Ethereum Blockchain.
The EOS Network Foundation (ENF) also inked a strategic partnership with market maker and investment firm DWF Labs through an investment deal of $60 million to further the platform’s growth and development.
EOS Unveils EVM Mainnet
According to a press release sent to CryptoPotato, the EOS EVM will be deployed on the EOS Network as a smart contract. Written in Solidity, Ethereum’s native programming language, developers will have access to the EVM, and numerous tools, resources, and open-source code libraries will support it.
With Ethereum’s scalability challenges and slow transaction speed, the EVM is designed to complement the network with its swift operational capability. The EOS virtual machine will bridge the two blockchains, gaining access to Ethereum’s vast resources while implementing its one-second block interval speeds and over 800 swaps per second with low fees.
Through the EVM, Solidity developers will easily access EOS’s scalable network infrastructure, funding programs, and Ethereum’s resources.
Yves La Rose, founder and CEO of the EOS Network Foundation, said:

“Our goal is to create an interoperable future where the gaps between blockchains, developers and end users are bridged. EOS EVM does just that. With EOS EVM, it is now significantly easier for Ethereum developers and end users to take advantage of the low fees, ultra-fast speeds, and reliability of the EOS Network. EOS EVM is a significant milestone and represents our commitment to a multi-chain future.”

EOS Foundation Partners With DWF Labs
Furthermore, through the $60 million strategic partnership, DWF Labs would support the EOS Network in two ways. The investment firm would purchase EOS tokens worth $45 million and pump $15 million into EOS-based businesses and projects.

“Our strategic partnership will enable us to explore new horizons and revolutionize the blockchain ecosystem together, providing developers with the tools and resources they need to bring about a more decentralized and connected future,” said the Managing Partner of DWF Labs, Andrei Grachev.

The alliance between EOS Network and DWF Labs will channel their resources toward facilitating the growth of the EOS ecosystem, unveiling new potential in the web3 space.
The post EOS Launches EVM, Announces $60M Strategic Partnership with DWF Labs appeared first on CryptoPotato.

EOS Network is set to release the beta version of its EVM mainnet. The protocol has also secured $45 million in funding from DWF Labs. 

cryptopotato.com

EOS Launches EVM, Announces $60M Strategic Partnership with DWF Labs

DWF Labs invests over $60 million in a partnership with the EOS Network Foundation, providing a $45 million EOS token purchase agreement and a $15 million pledge for EOS-based projects to expedite growth and adoption. 

EOS price	$0.916724
Low - High 24H	$0.901159 - $0.91749
Market cap	$1.02B
Volume 24H	$106.01M
All time high	$22.71 -95.97% April 29th 2018
All time low	$0.5024 81.95% October 23rd 2017
Genesis date	N/A

Recently viewed

Trending

EOS (EOS)

Performance

EOS News

Quick stats