Yesterday, the entire cryptocurrency market was enjoying a positive wave that made all the prices to trade in green as reported by smartereum.com. Unfortunately, nothing lasts forever. The bullish momentum seems to have come to an end as the prices of major cryptocurrencies are now in red. Surprisingly, the price of EOS is still relatively stable even with the sudden bearish wave. Most times, the price of cryptocurrencies slump during the weekend. Why EOS hasn’t fallen too dip yet is still unclear but the price has stayed above a significant support level. Even if there isn’t any sign of a jump in price ahead, the fact that the price was stable this morning is rather impressive.
EOS Price Analysis For September 29
When other cryptocurrencies were gaining against the USD, EOS was only able to get a 2% rise in price. However, as others started falling, EOS remained stable as it has maintained the little gains it initially accumulated during the positive wave. Earlier this morning, EOS wasn’t just trading in green against the USD but it is also trading green against Bitcoin. Unfortunately, it’s not clear how long this will continue as the bearish wave intensifies. If EOS begins to fall, it will most likely test the $5 again. $5 has been the correction point since August.
EOS Price Today – EOS / USD
While no one is sure why EOS is stable, it is possible that the positive developments surrounding the platform may have contributed to it. Block.one has made a $1 billion plus commitment to growing the platform and an EOS Hackathon will be hosted soon to send a message to the EOS community.
EOS Price Now
At the time of writing, EOS was trading at $5.70. This indicates a 2.59% fall against the USD and a 0.46% fall against Bitcoin. Even if EOS started trading in red within the last hour, the price still has a lot of gains intact. The 24 hour trading volume is $754,670,657 and the total market capitalization is $5,169,789,469. This is according to the data on CoinMarketCapital.