
In a noteworthy chain of events for the crypto market, EOS coin has rebranded into Vaulta with a significant shift in focus towards Web3 banking. This move has led to substantial gain in the EOS coin's price, with market speculators predicting an extended rally in spite of a broader market decline. Investors are eyeing the potential of this coin to offer high return on investment in the long term.
An unusual surge in the activity of the EOS network has caught the attention of insiders, marked by a huge leap of over 20% in the value of EOS on a single day. Experts believe this movement coincides with the significant upgrade of the EOS network, which now offers 1-second transaction finality. The rebranding has also led to increased access for MetaMask's 30 million users.
An interesting development in this context is a newly formed partnership between EOS Network and Binance's Ceffu for institutional custody, signalling a positive outlook for the coin. Despite some skepticism around past performance, the rebranding has revived interest in the EOS coin, given its promise for short-term growth with innovative features.
However, some negative sentiment towards EOS has come from the likes of Arthur Hayes, former BitMEX CEO, who criticized it for being the 'most value-destructive' ICO of 2017. Despite this, the sentiment for EOS remains generally bullish as it now holds the ground as a token for beginner investors.
EOS Coin News Analytics from Thu, 30 May 2019 07:00:00 GMT to Sun, 20 Apr 2025 20:03:19 GMT - Rating 8 - Innovation 5 - Information 6 - Rumor -2