EOS Bulls Charging at Full Speed, Leading with 16% Gains before EOSIO Launch

EOS price is currently at $14.10 with about 16 percent gains in the last 24-hours. Just before the official launch of its EOSIO launch, bulls have taken the charge as EOS coin leads the market with maximum gains right now. Block.One has already made the open source software of the first version of EOSIO blockchain on GitHub while providing an outline of its features.

EOS bulls are going crazy, leading the market gains

The crypto market is in a lot of green right now. And the world’s fifth largest cryptocurrency EOS is looking extremely good right now. Currently, up by 16 percent, EOS is riding at $14.10 with a market cap of about $12.27 billion, at the time of writing.

During the past week, EOS has been experiencing the blues as the market keeps on having its up and down moments. From $10.93, a few days back looks like in anticipation of the official launch of EOSIO blockchain, EOS price has taken an upward surge.

The open source software of EOSIO blockchain 1.0 version has already been made available on GitHub. Block.one also shared an outline of what this new version has to offer.

A number of features have been added that includes free rate limited transactions, low latency block confirmation of about 0.5 seconds, time delay security, inter blockchain communication, and scheduled recurring transactions. Moreover, Low-overhead Byzantine Fault Tolerant Finality, Optional high-overhead, and low-latency BFT finality are also added along with Support for Biometric Hardware Secured Keys such as Apple Secure Enclave.

The new blockchain version which is Designed for Sparse Header Light Client Validation has other features that consist of Smart contract platform powered by Web Assembly and Parallel Execution of Context Free Validation Logic.

Also, read: VeChain Collaborates with Private Firms to Make VeChainThor Blockchain Rock Solid

Is the highly ambitious platform up for more gains?

Some of the ambitions for the platform such as millions of transactions per second and zero transaction fees raised a lot of questions.  

However, after completing the longest ICO and raising a staggering amount of about $4 billion in about a year, EOS team is unperturbed of all the comments it got from the crypto community.

Just a few days before, it has been revealed by the Chinese internet security giant that they have discovered high-risk security vulnerabilities in the EOS crypto system. Later on, it was stated by the EOS team that the bug has already been fixed.

Also, recently, EOS announced a $10,000 bounty for anyone who finds a major bug in its network. The launch of the EOSIO blockchain has been in the news for a long time that has all the attention of and anticipation in the community members.

With the EOS price in the green and registering the gains of about 16 percent, the momentum has already been developed. So, it is a highly likely possibility that the bulls will get going with the official launch of EOSIO blockchain. The only thing that remains to be waiting and see is at what level these prices will rise to.

What level do you the EOS price will reach? Share your thoughts with us!