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EOS skyrockets to the 4th position on the back of 21% hike; community speculates prolonged bull run

Akash Anand

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EOS skyrockets to the 4th position on the back of 22% hike; community speculates prolonged bull run
Source: Unsplash

The cryptocurrency market has seen a rapid shift in the sentiment as most of the coins on the charts are seeing a bullish rise. This includes popular cryptocurrencies like Bitcoin [BTC], XRP and EOS. The star of the sudden bullish rise that occurred today, December 17 is EOS, which has been the biggest gainer among the top ten cryptocurrency club. The price hike also saw the cryptocurrency climb to the fourth position on the charts, overtaking both Stellar Lumens [XLM] and Tether [USDT].

At the time of writing, EOS was growing by a staggering 21.33% on the 24-hour chart and 7.46% on the one hour chart. The cryptocurrency was trading for $2.36 with a total market cap of $2.137 billion. A majority of the cryptocurrency’s $855.539 million market volume was held by OKEx, which controlled 11.68% of the total EOS trade. OKEx was closely followed by DOBI trade, with the Chinese exchange holding almost $76.222 million worth of EOS.

EOS has been a consistent gainer over the past one week, with the cryptocurrency making it to the list of biggest gainers almost every single time. EOS’ sudden growth started when the coin’s price was moving sideways at $1.98, after which it saw a rapid increase to $2.4.



EOS was last in the news for updates when Coinbase had announced that EOS would be included in the list of 30 cryptocurrencies coming to the platform. Coinbase had stated:

“As we announced in September, Coinbase’s goal is to offer support for all assets that meet our standards and are fully compliant with local law. Over time, we intend to offer our customers access to greater than 90% of all compliant digital assets by market cap.”

The assets which are to be listed on Coinbase is planned to be evaluated against their Digital Asset Framework to check if the assets fall under the regulatory framework. Coinbase’s blog further said:

“Our listing process may result in some of these assets being listed solely for customers to buy and sell, without the ability to send or receive using a local wallet.Finally, as per our listing process, we will add new assets on a jurisdiction-by-jurisdiction basis, which allows us to add assets efficiently and responsibly.”





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Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

Daily Crypto News – May 25

1) Bitcoin Wallet receives part of 5,000 BTC: A recent Whale Alert highlighted a transaction on May 24, where a large sum of Bitcoin [BTC] exchanged hands between two anonymous wallets. According to the alert the transaction took place at 22:13:23 + 1 minutes and 5,000.00001092 BTC was transferred from an unknown wallet, with address 19SiCYaYKZh9A8HUjuh14eg5wtYzKxiFbB, to another unknown wallet with address 14GcjGjxwadzcpmq9EG3KUgTKATjurbnWt.

Read more at https://bit.ly/2VRQwb0

2) Bitwise Report 2.0: Bitcoin [BTC] futures continues growth: On a month-on-month basis, Bitcoin Futures saw a massive bump in April trading at an average of 10,000 contracts daily, peaking on April 4, with over 22,000 contracts traded. To put that number in perspective, in March 2019, the average contracts traded was less than 4,000. Despite the high standards set in April, the average daily contracts traded in May, with 25 days gone has exceeded 14,000 and still looks to grow, given the price performance of Bitcoin.

Read more at https://bit.ly/2W40sTR

3) Craig Wright on private keys: Craig S Wright has, for years, claimed he is the true creator of Bitcoin [BTC] without providing a shred of evidence to support the same. With the crypto-community levelling, Wright could prove his worth by sending BTC from Satoshi Nakamoto’s touted wallet containing around 980,000 BTCs, the BSV man in a twisted cause and effect situation, stated he will “sign” into his wallet only when he proves he is the creator.

Read more at https://bit.ly/2X6fdlw

4) Tether’s [USDT] market cap hits ATH: Tether and Bitfinex are being closely scrutinized now more than ever due to the NYAG’s lawsuit; however, the scrutiny doesn’t seem to have affected Tether as the market cap of USDT has increased by over $100 million in approximately 70 days.

Read more at https://bit.ly/2McaTjE

5) Tether volume shift: Another controversial topic in the cryptocurrency industry was the issue of fake transaction volumes on many of the popular cryptocurrency exchanges. The magnitude of the topic was so large that even Changpeng Zhao, the Chief Executive Officer [CEO] of Binance had raised red flags. This topic and Tether as a whole received another twist when Larry Cermack, the Director of Research at The Block, pointed out a few parameters when it came to the said volume.

Read more at https://bit.ly/2wmk4mJ

6) Bitfinex’s LEO tokens listed on Delta Exchange: Bitfinex’s Leo tokens faced quite a lot of criticism when they were announced, due to the missing $850 million funds from Bitfinex. The private investment round by Bitfinex also faced a lot of heat from the media. However, in a recent development, Leo tokens are being listed on various exchanges for trading.

Read more at https://bit.ly/2HUEnNB



7) Robinhood en-route a projected valuation of $7 billion: Robinhood, the California-based cryptocurrency exchange made headlines recently when a source close to the organization revealed that it was on the verge of closing their latest round of funding at a valuation of a whopping $7 billion – $8 billion. Sources even claimed that the current round of funding could act as a precursor to an even bigger round of funding, which would pit Robinhood with the bigwigs like Coinbase and Binance.

Read more at https://bit.ly/2W64KKj





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