EOS hits it’s 30 day- ATH after crossing the $4 mark two days ago. Is the upcoming hard fork the reason for the same?
EOS Price Trends, Surpasses The $4 Barrier
EOS price has broken the main $3.850 resistance. The upward move has even surpassed the $4.000 barrier. It is now trading above the $4.100 level and it seems like there could be a minor downside correction towards the $4.000 level.
The previous week saw EOS climbing up the charts by a whopping 20%. It gained $0.53 in the process. At press time, it is trading at $4.11, with a 24-hour trading volume of $1.93 Billion, as per data provided by CoinMarketCap.
- Relative Strength Index (14)- 45.491
- Exponential Moving Average(5)- 3.956
- Stochastic%K (14,3,3) – 20.737
- 38% FIB Retracement Level: $9.76
- 62% FIB Retracement Level: $14.82
Crypto Community Enthusiastic About EOS Hard Fork
The EOS community has a reason to rejoice. The upcoming hard fork will mark the transition of the mainnet to version 1.8. The hard fork will take place on the 23rd of September and the community has shown great enthusiasm towards it.
MakeSense Labs announced on Monday that renowned cryptocurrency and venture investor, Tim Draper has been appointed as a member of their Board of Directors. Following Draper’s on-boarding process at Sense.chat, the community has seen incredible growth at EOS.
The factors behind the price rise also include the development of “Moonlighting”, a freelance platform. It is a blockchain platform wherein professionals can hire or be hired. The platform was been successful in gaining traction and has nearly 750k community members. Further, EOS’s rising popularity continues to get more members on the platform.
Time and again, crypto prices have climbed up only to fall later after a big event like a hard fork. Will EOS continue to show similar bullish trends or will the prices hit rock bottom after the hard fork? Let us know what you think, in comments!
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Coming from a physics background the unpredictability and intrigue of the cryptoverse attracted me to take a dive in this field. I am all eyes and ears for the latest trends in blockchain and crypto sphere. Whenever I am not writing or researching, I love to read sci-fi novels, play basketball and watch action movies. I strongly believe that blockchain and cryptocurrency will bring lasting transformations in people’s lives in the years to come. You can reach out to me at supriya [at] coingape.com.