
The recent development and significant changes in the cryptocurrency market have seen some major highlights concerning the EOS coin. It has been reported that this cryptocurrency is set to explode, with its price predicted to bounce back promisingly after hitting an all-time low. EOS is rebranding itself as Vaulta and shifting its focus towards Web3 banking. This rebranding comes with the integration of MetaMask, making the EOS network accessible to millions of Web3 users.
This strategic move has led to a substantial rise in EOS's price, shooting up more than 35% at one point. The EOS network's rebranding to Vaulta has made it one of the top gainers in the crypto space. The significant rise in its price is largely due to the rebranding and announcement of a token swap.
However, the crypto market is volatile, and EOS has seen a drop of 11% amid a general market decline. Yet, analysts still predict exponential returns from this coin along with other cryptocurrencies. The state of EOS as of the second quarter of 2024 indicates significant developments. It launched a huge EOS staking initiative and has partnered with Binanceβs Ceffu for institutional custody.
One setback is Tether deciding to stop minting its stablecoin USDT on both Algorand and EOS. Despite these, EOS's market cap surpassed the $1.70 billion mark for the first time in two years as it continues to innovate in governance.
EOS Coin News Analytics from Sat, 01 Jul 2017 19:31:19 GMT to Wed, 26 Mar 2025 15:26:00 GMT - Rating 8 - Innovation 7 - Information 8 - Rumor 5