Why EOS (EOS) Is On Fire In 2018?
EOS (EOS)’ strong performance in the cryptocurrency market continues as the 5th ranked project outclasses all in top 10.
Of all the coins in top bracket today, only TRON (TRX) with a +51% 7-day gain comes close to EOS whose +71% dwarfs the top three. BTC has +5%, ETH +13%, and XRP -4%. Bitcoin Cash in 4th has a price growth of +26%.
The token has a market cap of over $15 billion and traded at $19.20 against the US dollar this morning. The token’s market cap has tripled in April, rising from $4 billion on April 1, 2018, to $12 billion on April 27, 2018.
24 hours later, the token has gained nearly 20% in value, pushing its market cap up by another $3 billion to sit at the current $15 billion. At this rate, it wouldn’t be difficult to tell which, between ETH and EOS, the better investment in 2018 is.
It has been a pivotal month for the crypto that seeks to decentralize exchanges and make cryptocurrency trading user-friendly. And more good news for the investor could be on the way with more events that could boost prices lined up.
According to XBT.net, EOS has the following upcoming events, the next one just a few days from now.
The series of good news for EOS began on April 6, 2018, when EOS.io (Block.one) announced a strategic partnership with Michael Cao and Winnie Liu for a $200 million fund. The EOS Global would focus on expanding EOS’ presence in Asia via the EOS.io platform.
This was preceded by another $100 million joint venture with FinLab AG. Combining such news with a solid project sees the crypto get predictions of overtaking BCH and XRP in due course. All the while, the price is likely to continue surging. This token is a definite hodl for anyone who cares for huge returns in 2018.
This is not investment advice. Cryptocurrencies are highly volatile assets and are very risky investments. Do your own research and/or consult an investment professional before investing. Never invest more than you can afford to lose. Never borrow money to invest in cryptocurrencies.