All major currencies have merienda again secured some gains te the past 24 hours. That ter itself is very surprising, spil things were not looking all that excellent last night. For EOS price watchers, this current trend comes at an opportune time. With the value prompt approaching $9 again, interesting things are trussed to toebijten.
EOS Price Gets a Healthy Boost
The past 24 hours have bot amazingly interesting for all cryptocurrency markets. Whereas the momentum looked abysmal last night, it would show up the request for Bitcoin and altcoins is soaring spil of right now. The overall trading volume received a nice injection of funds, resulting te big gains for the EOS price and other coins.
Ter the case of the EOS price, the past 24 hours have resulted ter a 12.06% increase. Spil such, the value vanaf EOS has bot shoved to almost $9 again, which took a loterijlot of people by verrassing. Considering how this altcoin wasgoed valued at just overheen $7 not that long ago, any positivity is more than welcome.
Spil one would come to expect from this positive momentum, EOS is thriving thanks to gains overheen both Bitcoin and Ethereum. The EOS/BTC ratio enhanced by 7.19% ter auspicio of the altcoins. Te the ETH department, EOS gained 6.23% te the same timespan. It is overduidelijk the enlargening value of both Bitcoin and Ethereum permits alternative currencies to thrive, at least, for the time being.
The growing cryptocurrency trading volume also bodes well for the EOS price. Thanks to $929m ter 24-hour trades , it is safe to say request for cryptocurrencies is soaring. Why that is happening, remains unclear. The launch of Coinbase Voor may have something to do with this switch, albeit it is possible other factors are at play spil well.
The majority of this trading volume is originating from the OKEx exchange. Its USDT pair is well ahead of Bithumb&rsquo,s KRW market and Huobi&rsquo,s USDT pair. Upbit&rsquo,s KRW market and Binance&rsquo,s USDT pair accomplish the top five. Some platforms already waterput EOS at a value of overheen $9, which may be an indication of what is yet to come for this popular altcoin.
Spil is usually the case, the big question is how long the current positive momentum will last. A similar reprieve occurred te April of , albeit the joyous developments did not last all that long. It is certainly possible history will repeat itself te this regard, albeit a strong market thrust has bot hinted at for quiebro some time now.