EOS Back on Track as Market begins to take a Bullish Path

[sirty143]

The bulls seem to have return and this time, with full force. This is evident in the current structure of the cryptocurrency market as the majority is blooming in gains. Surprisingly, the difference between yesterday’s market and today’s is showing a staggering difference. Progressively, some coins/tokens have taken this opportunity to reclaim their previous spots as they flourish with gains.

At press time, Bitcoin is up by 0.37%. A little increase in gains and the big bull will cross to $3700, however, the coin is currently building momentum with a trading price of $3642.37. Ether has also moved up by 2.43% with a trading price of $123.64, the token is likely to hit $125 if trading volume continues steadily.

At the moment of this writing, LTC, BNB, and Dash are the only tokens amongst the top 20 blinking in red. Thankfully, the losses only range from 0.13% to 3.44% and are likely to turn green in a few hours.

EOS against LTC

Earlier this week, it was reported that EOS had lost the 4th spot to its closest rival LTC whose market capitalization exceeded EOS’s by $21 million. In a rather interesting turnout of events, EOS has now reclaimed its spot.

Not only did EOS make this swift come back within two days, but EOS is also the highest gainer amongst the top 20 cryptocurrencies as it attains 5.69% in profit at press time. This increase has largely influenced the current trading price of EOS. Currently, at $2.93, the coin is set to breakout to $3.

However, there is a large possibility that this might be hindered by LTC. The coin, although losing 0.13% is seated right behind EOS with a trading volume of $1.02 billion. Asides from this impressive trading volume, LTC’s current market capitalization of $2.62 billion is only $3 million below EOS’s $2.65 billion market cap.

And while EOS has managed to stay above because of its trading volume of $1.06 billion, a slight downtrend for EOS and a slight upswing for LTC is all it will take for LTC to return to the 4th spot Within the next 24hrs.

Source: ZyCrypto

Guys, what is thought about this news article? Kindly share it below. Thanks.

[TanPhan]

EOS has an increasing in price now and the bull are on their track, but I think the volume still low so they need to hold their line harder

[Rex]

ETH and EOS are leading the bull with the highest % increase since yesterday and it's seem that not stop soon. Hope that this bull run can go further so holder can get their funds back

[TanPhan]

Agreed and I think that EOS also pumped really high, so buy EOS now wouldn’t give us much profit in return, instead of that we should looking for another coin

[Contagem]

EOS overtook Litecoin in terms of position in the coinmarketcap rating, but I'm not sure that the rivalry will not continue, because Litecoin has recently been pleasing its investors with positive news, which in turn has a positive effect on its price.

[Hank]

EOS has been pumped so high that I scared to buy it now, cause the market is not stable now and can drop at anytime and EOS can drop deeper too

[TanPhan]

I think that the market has broken the bullish trends now, the bear has came back and they are conquering the market now

[kent47400]

EOS and LiteCoin are just like endless battles.
Both of these coins compete in number 4 and five for the coinmarketcap. Hopefully this continues until Bitcoin returns to the price of 20k USD. LOL

[jonathancool220]

I will choose LiteCoin because with LiteCoin it always has a valuable surprise.
EOS is not very attractive to me because the price is always low.

[Stalky]

I also agree with you, that EOS will also grow this year, because now the price has also risen, so I'm sure there will be many changes for EOS prices this year.

[Niteroy]

The price of EOS is growing despite the fact that the bull market has not yet begun, because the development of the project is proceeding at a fast pace, and the number of users and developers is growing at a rapid pace, and the Ethereum team has to start worrying.

[TanPhan]

Yes EOS has recovered from January until now and with a strong and stable going up, EOS sure can reach higher price in the near future

[mimikri]

Yes EOS has recovered from January until now and with a strong and stable going up, EOS sure can reach higher price in the near future

The altcoin is chosen by too many people, who are not going to sell it. However, new investors do not buy EOS actively. It will be growing slowly.

[Eben]

EOS has shown to be a promising coin. It is now back on track after even though there was a high pump. Let’s hope it remains in this upward trend.

[trauchot]

When cryptocurrency growth begins, then almost all altcoins are touched and EOS is also concerned, so if someone thought to invest in EOS, then at the moment this is a nice option, because in a short time it will be possible to get a profit.