The stablecoin issuer, Tether, has announced that it will cease minting USDT on the EOS and Algorand networks. While the EOS network has witnessed steady fluctuations and a series of developments, the impact of Tether's shift to community-driven support for USDT remains to be seen.
A rising sentiment in the crypto market is also casting its shadow on EOS. Despite market volatility, EOS's price prediction for 2024 and beyond continues to spark interest among investors. Factors such as EOS's upgraded RAM system and advancements like the Leap 6.0 upgrade and Recover+ contributed to restoring nearly $2M in stolen DeFi assets and shows promise for its growth.
A noteworthy mention is the EOS Network's token receiving trading approval in Japan, causing nearly a 10% surge in EOS. Also, further investment in EOS is demonstrated by Fezoo exchange's presale popularity with EOS and wrapped Bitcoin investors. Amidst market ups and downs, the EOS Network's new tokenomics proposal and ExSat initiative designed to address Bitcoin scalability issues are strong indicators of future innovation.
EOS Coin News Analytics from Sat, 01 Jul 2017 19:31:19 GMT to Tue, 25 Jun 2024 17:39:48 GMT - Rating 3 - Innovation 6 - Information 7 - Rumor -2