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After the positive start to the week, the cryptography markets continued to grow, adding an additional $ 8 billion to total market capitalization. Ethereum started the race, but EOS is the lunar target today, up 30%.
EOS Top Performer in the Top 100
In the past 24 hours, EOS has become a $ 2.90 USD pumping train in one day, a 30% gain in a single day. Since then, he has slightly backed off, but he remains the best altcoin of the top 100 at the time of writing.
The daily volume has also increased from $ 950 million to more than $ 2.2 billion, while the fomo seizes fervor. This is the highest volume since June 2017, when the token was exchanged at over $ 10. According to Coinmarketcap.com, the Bit-Z exchange recorded the largest number of EOS transactions, with nearly 20% of the total, in BTC and USDT pairs.
Today's big pump pushes EOS to a peak of 2019 and its highest price since the end of November, when the situation began to pour into all markets of cryptography. The market capitalization of EOS is now close to $ 3.3 billion, which has allowed it to surpass Litecoin and regain its position as the world's fourth largest cryptocurrency. LTC only managed to gain 7%, bringing its market capitalization to $ 2.8 billion.
FOMO Rulez
The two-day crypto rally was initiated yesterday by Ethereum, which jumped 12%, outperforming all the parts around it. In reviewing the EOS Reddit, there does not seem to be any determining factor at the moment, apart from the fomo. Many comments show very little why EOS outperforms the rest currently.
"Seriously.All the CMC coins in the top 50 are up, with the exception of the coins." The EOS progression has nothing to do with EOS, "he said. added a poster.
The Block.one Twitter feed also contains very little recent information or project updates that could be causing such a price hike. The same can be said for the site EOS.io Medium. Looking at Dappradar, EOS and Tron dominate the top ten apps in terms of user volume, which is a good sign of growth for both networks.
The biggest question should be: Can this rally be maintained and will it become a long-term uptrend for EOS and all cryptographic assets? Some analysts seem to think so, but for now, all we can do is enjoy it while it lasts.
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