
Please try another search
Today, we’re looking at EOS, a cryptocurrency which one of my favorite late night show hosts, John Oliver, recently criticized for investment fraud.
EOS is the token for a platform called eos.ios. The journey of EOS started in mid-2017 by Dan Larimer, founder and creator of Bitshares and STEEM. The system intends to support more efficient operations and faster transactions for decentralized applications than existing platforms such as Ethereum. If eos.ios is successful, it could bring on much greater adoption of cryptocurrency-related technology.
EOS has been gaining attention recently both in South Korea and in North America. For example, the Wikipedia-like crypto-project, Everipedia, which received a $30 million investment in February, has announced it will distribute its coins to EOS holders in June.
The distribution will be done via the "airdrop" method that lets owners of an existing cryptocurrency receive a set amount of a new coin.
EOS is currently the 6th largest cryptocurrency by market cap, trailing behind Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin. It saw an 11% gain on Tuesday, the highest among top 20 cryptos.
From a technical point of view, however, EOS/USD remains below the daily Ichimoku cloud and has not been able to break above the immediate resistance level of $7. The pair is supported at the 76% Fibonacci retracement level of $4.33, a setup which traces the lows of October 2017 at around $0.40, to the all-time-high level of January at $18.60.
*This article was originally published here:
In a week marked by intense market fluctuations, Bitcoin has plunged to new lows, while investor sentiment has shifted dramatically. Key indicators show a significant decline,...
Bitcoin remains under intraday bullish pressure with room for more gains, especially if we consider that NASDAQ 100 made a nice intraday subwave (iv) pullback which can push the...
The global cryptocurrency market has seen unprecedented growth in the previous year, spearheaded by Bitcoin and Ethereum. Institutional participation was very important in driving...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.