EOS Price Hits All-Time High

EOS Price Hits All-Time High

The aggressive bull-run in EOS price has led it to hit new all-time high on Sunday. EOS coin has been climbing at an astounding pace over the last month, and the coin has been getting investor’s attention due to the number of new infrastructural development initiatives from its management.

It is among the most significant gainers since the start of April, and the coin has outperformed the top ten altcoins last week regarding price appreciation.

The coin has hit the all-time high of $23 on Sunday. It jumped more than 70% last week alone, allowing it to grab the fifth spot in cryptocurrency ranking – with the market capitalization of $15.5 billion.  

Source Image: coinmarketcap.com

Its trading volume had also reached new highs last week, and the majority of its trading volume is coming from Asian markets, mainly from Korean exchanges. EOS coins trading volume was larger than $4.3 billion during the weekend.

OKEx, the Hong Kong-based cryptocurrency exchange, tops the list regarding trading volume. South Korean exchanges Bithumb and Upbit stand at the second and third spot, respectively.

EOS price lost some ground in Monday trading amid trader’s profit-taking strategy. The fifth largest coin currently trades around $18.20, down 15% today.

The Mainnet Launch and Partnerships Triggered the Rally for EOS Price

The launch of EOS Dawn 3.0, the upcoming launch of the EOS mainnet and partnership announcement has been adding to trader’s optimism. The potential mainnet launch on June 2nd has led the coin to receive massive traders attention over the last couple of week.

Binance exchange, which is among the most popular exchanges, has also announced their support for EOS’ mainnet launch. In a blog post, they said, “Binance would like to confirm that we will support the EOS MainNet Token Swap. We will handle all technical requirements involved for all users holding EOS.”

The news of the partnership with Michael Kao and Vinny Lee also helped in triggering EOS price. These blockchain enthusiasts will assist in expanding EOS Global fund platform in the Asian region.

Featured Image: Depositphotos/© Violka08

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About Sharon

Sharon is a journalist based in Durban, South Africa. He has years of experience in writing for a number of print and digital platforms, ranging from sport to technology and of course, Cryptocurrencies.

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