CandleFocus EOS Market Cap Exceeds $1.70 Billion for the First Time in Two Years
2024-12-03
Author: Content Editor
The price of EOS, the native token of the EOS Network, has surged by 165% over the past 30 days, reaching its highest level since November 2022. This increase in price has led to a market cap of $1.74 billion. The rise in price is attributed to increasing demand and interest in older cryptocurrencies. The surge in the market value of EOS, along with the increase in open interest (OI) in the derivatives market, suggests that the price could continue to rise. Technical analysis indicates that if momentum remains bullish, the price could reach $1.21 in the short term, and potentially even reach $2. However, if selling pressure increases, the market cap may drop and the price could slide to $0.93.
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