3 Reasons Why EOS Price is Up Today, But These 3 New Coins Could Explode 10x
The price of EOS is bullish today. In the last 24 hours, EOS has gained 5.5%, and at the time of writing, it was trading at $0.986, according to Coingecko. EOS has outperformed most of the altcoins in the market today.
EOS price is up today
The broader cryptocurrency has cooled down after yesterday’s bearish trend that saw most top coins losing value. In the last 24 hours, the total cryptocurrency market cap has gained by around 0.6%, and it stood at $877 billion at the time of writing.
Amid the recent gains, EOS’s volatility has spiked, given that in the last 24 hours, the token has traded between $0.93 and $1.01. The buying support does not seem strong enough to help EOS hold above $1.
A strong bullish trend could rally EOS towards $1 again. The token could be in for significant gains if this resistance is broken. Failure to break past this resistance could also present challenges for the coin, and dips could be on the way.
The failure of EOS to hold levels past $1 seems to be causing jitters, as the Relative Strength Index stands at 45. This shows selling pressure is increasing. The same bearish sentiment can also be seen in the movement of the Moving Average Convergence Divergence (MACD) line that has sharply reversed below the signal line.
3 reasons why EOS is up today
EOS is gaining today amid a series of positive developments. In August this year, the EOS development team announced that it would be launching the Antelope protocol to rebrand the network and ensure that it becomes independent. Since this move was announced, EOS has been garnering attention.
On the other hand, EOS has always been touted to be more scalable than Ethereum, with the potential to become an “Ethereum killer.” The Antelope protocol could enable this by boosting the network’s scalability.
Lastly, the Ethereum network, despite switching to proof-of-stake in September 2022, is yet to solve the issue of high gas fees on the network. On the other hand, EOS is a cost-effective blockchain, which could trigger the migration of DApps to the network.
These three coins could explode 10x
While EOS has made slight gains in the last 24 hours, the token is yet to decouple from the broader market trend fully. Crypto investors are now watching out for these three coins that can potentially make 10x gains.
Dash 2 Trade
Dash 2 Trade is a crypto signals platform whose dashboard is slated to launch soon ahead of schedule. Through this platform, both beginner and experienced crypto traders can make informed trading decisions that will help them boost profitability.
The D2T presale is in the last stage, where 1 D2T is priced at $0.0533. The presale has already raised more than $9 million, and it is slated to end after $13,420,720 has been raised. The end of the presale could mark significant gains for holders as the token has already secured listings on LBank and BitMart.
The IMPT presale has only three days left, as it is scheduled to end on December 11. IMPT is a project seeking to lower carbon emissions by helping individuals and businesses buy, sell and retire carbon credits through its marketplace.
The IMPT presale is selling out fast during its last few days. The presale has already raised more than $15.75 million. After the end of the presale, the token will be listed on exchanges on December 14.
The Calvaria presale is also garnering a lot of attention and is also in the final stage. RIA is the token powering the Calvaria: Duels of Eternity blockchain game slated to launch during the first quarter of 2023.
The Calvaria gaming ecosystem plans to boost the adoption of Web3 gaming by allowing both crypto and non-crypto players to access all the game’s features. The RIA presale has already raised more than $2.26 million and will end after hitting $3,075,000.
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