Over the past 24 hours, Bitcoin (BTC) has retreated to around $47,000 after climbing above $50,000. As always, BTC’s price action has also affected altcoin prices, with many altcoin prices falling. The total cryptocurrency market has retreated to $2.3 trillion. Meanwhile, an altcoin in the top 100 by market capitalization experienced the most rise.
Popular altcoin EOS rises 10 percent
EOS has been the most rising cryptocurrency over the past day. EOS has rallied over 10 percent in the last 24 hours, from $3.03 to $3.51. It changes hands at $3.50 at the time of writing. EOS is a platform designed to allow developers to build decentralized applications.
The cryptocurrency of this project is EOS. The goal of the project is relatively simple: to make it as simple as possible for programmers to adopt Blockchain technology, and to make the network easier to use than competitors. As a result, tools and a variety of educational resources are provided to support developers who want to quickly build functional applications.
So, why did EOS rise? Although it was not an event that particularly affected the price increase, there was an important development for the EOS community. cryptocoin.com As we reported, EOS Network Foundation (ENF), a community-led organization, had voted to leave Block.One. According to the most recent experience, the EOS community has halted ongoing payments worth approximately $250 million as negotiations between ENF and BlockOne failed. This excited the community.
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