⇑ EOS Coin Undergoes Major Rebranding and Token Swap, Sparks Bullish Market Reaction

The focus of recent major developments in cryptocurrency space revolves around the pronouncement of EOS network rebranding to Vaulta. The anticipated shift signals an aspiration to transition the platform towards web3 banking, with an emphasis on developing a bitcoin-centric financial infrastructure. A significant event in this transition is the token swapping of EOS tokens to Vaulta tokens on a 1:1 basis.

The response from the market to these announcements can be seen in the bullish rally in the EOS price which has seen around 20% increase overall. This positive market reaction is expected to continue leading up to the official rebranding and token swap rumored for May 2025. EOS is predicted to reach $100 by 2024-2030 and even targeting $1.6 ahead of the rebranding.

However, it is important to note that the rebranding and token swap plans have not been universally well-received with Coinbase indicating it does not support the switching from EOS to Vaulta. The EOS network has also experienced some controversy, with World Liberty Financial's $3 million EOS purchase sparking debate within the sector.

Additionally, the Tether platform announced it will discontinue USDT on several blockchains, including EOS, choosing to refocus its resources more into layer 2 solutions. This move could potentially affect the value and growth of EOS/Vaulta.

EOS Coin News Analytics from Sat, 01 Jul 2017 19:31:19 GMT to Mon, 14 Jul 2025 18:00:00 GMT - Rating 8 - Innovation 6 - Information 7 - Rumor -5