With all cryptocurrencies slowly recovering some of their value lost overnight, things will undoubtedly get rather interesting moving forward. More specifically, we see the EOS price get in the green again. A remarkable trend, considering it is only the second of the top 15 cryptocurrencies to do so today. With an EOS price of $9 and slightly higher again, it will be interesting to see when a new all-time high can be reached.
EOS PRICE IS MOVING UP AGAIN
It is always interesting to keep an eye on cryptocurrency markets these days. Mainly because there is a lot of volatility, but also because we may see some unexpected price trends along the way. In the case of the EOS price, people would expect it to find some stability near $8 after the recent dip. Instead, the EOS price is surging ahead already as it moved past $9 without too much resistance. A positive development for holders of this coin, although a new all-time high is still well out of reach.
Speaking of which the all-time high EOS price is $16.62. That value was reached about a month ago, after which all cryptocurrency markets took a turn for the worse. Similar to other currencies, the EOS price lost half of its value, resulting in a tip to $8 and then briefly to $6.51 as well. Extreme volatility is nothing new in the cryptocurrency world and no currencies can escape this whirlpool either.
Over the past few days, we have seen some solid upward momentum for EOS. With the EOS price hitting $9.7 not that long ago, it is evident reaching $10 is only a matter of time at this point. The most recent drop to $8.15 allowed a lot of new buyers to buy in, and they are up by 10% if they still hold the coin today. This EOS price is a 1.06% increase in USD value, but more importantly, a 3.24% gain over BTC. It’s also a 3.86% improvement in the EOS/ETH ratio.
With $378.525m in 24-hour trading volume, it is safe to say EOS is one of the more popular currencies as of right now. The overall trading volume is still well below $18bn right now, although it is a matter of time until this picks up again. This current EOS trading volume may not seem all that spectacular, but it is higher than some other currencies in the top 15 right now. If this trend keeps up, we may see an EOS price of $10 before the day is over.
Unsurprisingly, it is South Korea’s Bithumb which drives a lot of the EOS trading volume. This one trading platform represents 44.35% of all EOS trades around the world. Bitfinex and Huobi complete the top three, although OKEx is not too far behind either. With two fiat currency pairs and one USDT market in the top three, things are looking pretty solid for EOS. If this momentum keeps up, we may see some rather interesting price action in the hours to come.
For the time being, it will be interesting to see what the future holds for the EOS price. A surge to $10 is not entirely out of the question right now, although it will mainly depend on how the Bitcoin price evolves in the coming hours and days. A new bullish pattern may be forming on the Bitcoin chart, which will either lift altcoins up or crush them in their respective ratios to BTC. Rest assured 2018 will not be a boring year for cryptocurrency trading in general.