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- 1 The price of EOS has recorded little upside price surge in the last 7-days.
- 2 In the recent 1-day of price analysis, the coin started performing in the bearish zone.
EOS Network, the open-source blockchain platform, is a third-generation blockchain that is powered by the EOS virtual machine. It has an extensible WebAssembly engine for deterministic execution of almost fee-less transactions. It is a Delegated Proof-of-Stake (DPoS) network where the stakeholders have the authority to pick the node operators. This network is quite attractive due to its technology and community.
As per the recent tweet by EOS Network Foundation (ENF), earlier this week, EOS EVM v0.5 was released. This was the first major EOS EVM release since mainnet launch, as noted in the tweet. Meanwhile, this release spoke to the rapid pace of development that the EOS network has seen since the launch of the ENF.
Earlier this week, #EOS EVM v0.5 was released, the first major EOS EVM release since mainnet launch 🚀
— EOS Network Foundation (@EOSnFoundation) June 4, 2023
This release speaks to the rapid pace of development that the $EOS network has seen since the launch of the #ENF 🛠️
Learn about the updated features 👇https://t.co/XdIcMyYbVT pic.twitter.com/97jtZRfYJ7
In April 2023, the members of the EOS Network Foundation’s Marketing, Communications, and Engineering teams headed to Austin, TX. They met with the builders and visionaries of Web3 at Consensus 2023. This annual event brought nearly 15,000 attendees from leading tech-sectors.
EOS Price Analysis in Last 7-days
At the time of writing, EOS price is trading at $0.905656 with a 24-hour trading volume of $87.50 Million. It is down 1.43% in the last 24 hours with a current market cap of $989.94 Million. In the last 24-hours, EOS noted low at $0.8995 with the high at $0.9257. Moreover, in the last 7-days, the coin gained almost 1% of price gain while trading in between the price range of $0.877 to $0.9241.
As shown in the above chart, the trading volume in the coin was a bit low. However, from the beginning of this month, the coin has mostly traded in the bullish zone, which showed little price decline in the last 24-hours, as per the data sourced from CoinMarketcap.
The two of the most-traded cryptocurrency by market cap, Bitcoin (BTC) and Ethereum (ETH) are also showing bearish outlook in its last 7-days of trading. Meanwhile, the dominance of BTC is currently 45.82%, a decrease of 0.08% over the day.
Moreover, the global crypto market cap is $1.13 Trillion, a 1.37% decrease over the last day. The total crypto market volume over the last 24 hours is $27.98 Billion, which makes a 41.46% increase. The total volume in decentralized finance (DeFi) is currently $2.42 Billion, 8.65% of the total crypto market 24-hour volume.
Currently, the volume of all stable coins is $26.01 Billion, which is 92.94% of the total crypto market 24-hour volume.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
