TRON (TRX) Mainnet Account Surpasses EOS Mainnet Account 

The TRON Mainnet now has more accounts than EOS. While EOS has about 299743 registered on the blockchain, TRON has about 301604. Apparently, the TRON Foundation has been working hard to achieve this goal. Recently, TRON Foundation released the Odyssey 3.0 as well as the TRON Virtual Machine during the Mainnet launch.

EOS Price Today – EOS / USD

NamePrice
eos
EOS
$3.411.41%

The TRON Virtual Machine was designed to be compatible with Ethereum. This is useful for developers as it allows them to port Ethereum DApps that have been created on TRON quickly and efficiently. It also suppresses the physical memory required for the functioning of DApps. Tron Foundation claims that it will be more scalable than Ethereum and will not be bugged down easily.

EOS Price Analysis

Throughout last week, EOS was having a nice run. The altcoin has accumulated about 33% within the last 24 hours. It crushed the three bar reversal pattern and created an opposing bar reversal pattern that has a bearish trend. Yesterday, there was a clip that led to the formation of a doji candlestick that had resistance at $7. The price of EOS may still rise this week.

EOS went on a bullish rally breaking the resistance at $6.50 and trading near $7.00. It went as high as $6.82 before the price started correcting downside. The price of EOS moved below the 23.6% Fibonacci retracement level of the last rise from $5.72 to $6.82. A connecting bullish trendline was formed with support at $6.40.

At the time of writing, EOS was trading at $6.57. This indicated a 1.74% rise in price against the USD and a 0.27% rise in price against Bitcoin. The trading volume within a 24 hour period is $760,519,343 while the market capitalization at the time of writing is $5,954,905,327. EOS has a total supply of 906,245,118 and a circulating supply of 1,006,245,120.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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