EOS – a cryptocurrency linked to an innovative network for Dapps (decentralized apps) – has been doing well recently, leading the way as digital currencies surge. The value of the digital currency got to a high of $13.72 earlier today, an increase of over 11 percent in the period of twenty-four hours – according to coinmarketcap.com.
At the time of writing, the value of the digital currency has declined back to $12.98, but the alternative protocol asset was still up over all the other top ten leading cryptocurrencies in the past twenty-four hours.
This digital currency has done pretty well for itself so far this year, increasing to as much as $22.90 on the 29th of April, it experienced an increase of over 160 percent year-to-date (YTD). Even after declining from those highs, EOS still has vigorous momentum, says a blockchain investor and advisor – Oliver Isaacs.
Despite the decline in value, the digital currency is still very active and the twenty-four hours trading volume of the digital currency looks promising at $1.67 billion.
The Mainnet of EOS is scheduled to be launched on the 2nd of June, and the anticipation and speculation surrounding this launch have greatly contributed to the enormous gains in the value of EOS. Digital currency buffs from all over the world are very excited about EOS Mainnet launch, said Mati Greenspan – senior marketing analyst for eToro (a social trading platform).
He also said that this will be a revolutionary event, the likes of which the crypto industry has never witnessed. He added that he expects EOS to begin a bullish trend immediately after the EOS Mainnet launch.
While the digital currency is benefiting from the anticipation and speculations surrounding the launch of EOS Mainnet, a number of other bullish factors might have also enhanced the recent gains of the digital currency.