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EOS (EOS) gained 43% over the month, Market Cap Reaches $4.99 Billion

 

EOS (CURRENCY: EOS) traded up 1.85% against the U.S. dollar during the one day period ending at 3:00 AM ET on January 24th. One EOS coin can currently be bought for about $5.52 at the time of writing or 0.00112984 BTC on cryptocurrency exchanges including IDAX, OEX, Coinrail, and ChaoEX. EOS has a market cap of $5.37 billion and approximately $856.78 million worth of EOS was traded on exchanges in the last day. In the last seven days, EOS has traded 4.5% higher against the U.S. dollar.

EOS is a distributed proof-of-stake (dPOS) coin that uses the DPoS hashing algorithm. It launched on June 26th, 2017. EOS’s total supply is 1,006,245,120 coins and its circulating supply is 906,245,118 coins.

The price of the EOS was in an uptrend on April 16. The bulls crossed the 12-day EMA and the 26-day EMA to reach the uptrend zone. The price of crypto reached the resistance level of $ 5.60 and resisted. During the previous resistance of April 14, the bulls had resisted and the bears broke under the EMA, the price fell to the lowest at $ 5.28.

Today, if the downtrend continues, the price of crypto could drop to $ 5.20. On the upside, if the price is kept above the EMAs, the bulls tend to break the resistance level at $ 5.60. Meanwhile, the stochastic is in the overbought zone, but above 60%. This indicates that the price of the EOS is in a bullish momentum and a buy signal.

EOS Coin Trading (Buying and Selling)

EOS is in a range-bound market in its short-term outlook. The loss in bullish momentum at $5.93 in the supply area over the weekend due to exhaustion. This subsequently led to the drop in price to $5.10 in the demand area pushed the cryptocurrency into a ranging scenario.

Today, the bulls are attempting to break the $5.70 resistance level but were resisted. The crypto’s price is likely to rise as it is above the EMAs. Also, the stochastic is in the oversold region but below the 40% range. This indicates that the price of EOS is in a bearish momentum and sell signal.

EOS can be purchased on the following cryptocurrency exchanges: Cryptomate, Exmo, Zebpay, TOPBTC, QBTC, BCEX, YoBit, Instant Bitex, IDCM, OpenLedger DEX, Vebitcoin, Bithumb, Livecoin, LBank, Bibox, BigONE, Rfinex, CPDAX, GOPAX, Kucoin, Coindeal, Cryptopia, Coinsuper, ABCC, CoinTiger, Tidex, Exrates, Binance, Hotbit, BitFlip, Poloniex, COSS, ChaoEX, BtcTrade.im, Bitfinex, Koinex, IDAX, Kraken, Huobi, Coinone, OKEx, HitBTC, WazirX, OTCBTC, Coinbe, Bitbns, DigiFinex, CoinEx, Bit-Z, DragonEX, C2CX, Bilaxy, Coinrail, Tidebit, RightBTC, EXX, Ovis, DOBI trade, Mercatox, Neraex, Fatbtc, OEX and Upbit.

It is usually not presently possible to buy alternative cryptocurrencies such as EOS directly using US dollars. Investors seeking to trade EOS should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy EOS using one of the exchanges listed above.

 

About Steve Anderrson

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

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