Story
EOS Surges Over 11% in Sharpest Daily Gain Since August
Summary
The EOS cryptocurrency experienced its largest one-day percentage gain since late August, rising 11.65% to trade at $0.0824. The token, however, remains significantly below its all-time high set in 2018.
The cryptocurrency EOS recorded a significant double-digit gain on Friday, marking its strongest single-day performance in several weeks. The token's price rose 11.65% to reach $0.0824 by 23:34 (03:34 GMT), according to data from the Investing.com Index.
Price Action
The upward move was the largest one-day percentage increase for EOS since August 21, according to the report. The rally took place amid notable trading activity for the digital asset.
Key figures for the 24-hour period include:
- Trading Range: $0.0782 to $0.0824
- Trading Volume: $311,522.20
AdOver the past seven days, EOS has gained 5.36%, trading within a range of $0.0723 to $0.0839.
Market Context
Despite the recent bullish momentum, EOS remains substantially below its historical peak. At its current price, the token is still down 99.64% from its all-time high of $22.98, which was set on April 29, 2018. At its peak, the project's market capitalization reached $17.529 billion.
The broader cryptocurrency market also saw gains, though more modest. Bitcoin was up 1.26% to trade at $77,387.9, while Ethereum gained 1.54% to reach $2,473.55, based on the Investing.com Index.
Read next
More on Crypto
Cardano Surges Over 10% in Largest Daily Gain Since August
Cardano (ADA) experienced a significant price rally on Friday, climbing over 10% to mark its largest single-day percentage gain in nearly a month and boosting its market capitalization above $7.8 billion.
Bitcoin Trades in Tight Range Between Key $76,400 Support and $78,600 Resistance
Bitcoin is experiencing a period of indecision, hovering around $77,338 as it's pinned between a critical support level at $76,432 and a technical resistance zone near $78,580. The stalemate suggests traders are awaiting a decisive catalyst for the next major price move.
Zama Expands Confidential DeFi Access with 16 New Vaults on Morpho Protocol
The onchain privacy protocol has partnered with five major curators, including Bitwise and Wintermute's Armitage, to offer confidential yield-generating vaults aimed at attracting institutional investors by shielding their strategies.
Bitcoin Edges Higher After Senate Setback, but Fed's Hawkish Stance Caps Gains
Bitcoin continued a modest recovery following the failure of a key crypto bill in the U.S. Senate, but further upside was limited as investors weighed a hawkish interest rate hike from the Federal Reserve.