もちろん, news of UpBit involvement ter fraud is shocking and more so spells doom for EOS and Tron coin holders . This is because the majority of the exchange’s trading volumes come from the latter’s request or liquidation . It’s a definite EOS , Tron and Litecoin sell signal visible for everyone here .
All major currencies have merienda again secured some gains te the past 24 hours. That te itself is very surprising, spil thingswere not lookingall that fine last night. For EOS price watchers, this current trend comes at an opportune time. With the value rapid approaching $9 again, interesting things are roped to toebijten.
EOS is a utility cryptocurrency token that wasgoed released spil an initial coin suggesting (ICO) by the company Block.one with the objective to raise funds for a blockchain application. The toneelpodium EOS.IO is due to be launched on June 1, . The EOS utility tokens are distributed on the Ethereum blockchain.
The EOS token is surging this week, possibly on the back of positive news flow.
Having clocked a two-week high of $7.34 earlier today, the token is now switching mitts at $6.68 – up 7.7 procent for the last 24 hours, spil vanaf CoinMarketCap. Notably, EOS is also up 70 procent from the low of $Three.95 seen on Sunday.
Alternative cryptocurrencies shone brightly ter April, spil the markets regained poise following a pitiful very first quarter.
Ter a sign of that recovery, the value of the total crypto market enhanced by 63 procent to $431 billion, according to CoinMarketCap, and spil the final tallies prove, there were gains to be had for savvy traders willing to shoulder the risk.
Current performing altcoins are EOS, Ethereum, Tron and Decred.
Ultimately there has bot some good news to lift crypto markets spil the week comes to an end. The SEC’s decision not to consider Ethereum spil a security has provided a long needed boost to cryptocurrencies. The markets are still way down but are trading slightly higher overheen the past 24 hours clawing back some of those losses.
The cryptocurrency market has fallen by large margins after UPbit, South Korea’s largest cryptocurrency exchange and formerly the world’s second-largest trading podium, wasgoed raided and investigated by particular police on May 11, .
Raided, but Far from Finished
Investors still expect the market to recover swiftly te the short-term spil traders stir their funds to other international and regional exchanges.