EOS Price Increased 20% After Brock Pierce Revealed A “Crazy Bet”

The EOS price increased 20% after a new announcement by Brock Pierce of a “crazy bet”. He also noted that he is trading all his Block.one share for EOS tokens and the price of the asset surged by 20% in one day to a multi-month high as we can see in our latest EOS news today.

Brock Pierce is confident that EOS will make a strong comeback this year. His latest comments came before a massive rally which had the EOS price increase 20%. after weeks of stagnation, EOS escaped from a prolonged consolidation period while the crypto is still a few points down from erasing the losses for the year and increased to a crucial $3 level which came amid the market-wide rally.

Most of the latest surge can be associated with Brock Pierce’s tweets where he expressed conviction that the token will become fully engaged again and Pierce added that most of the changes and progress will finally happen with regards to Helios. He even revealed trading his shares in the economy for the EOS tokens:

“I, for one, traded all of my shares in B1 (the 240k BTC, Bullish, et al) for EOS tokens. I win with the community or lose with the community. Lots happening. Stay tuned. I made a crazy bet. All for eos and eos for all.”

Eos was one of the most well-funded blockchain projects with a stunning $4.1 billion ICO raise and today it is often touted as a ghost chain so not everyone is confident in its revival. One of the biggest reasons for the crash was Block.one’s relationship with the EOS community turning dark. According to the EOS Network Foundation, the community was let down by Block’s lack of commitment to the EOS blockchain, and all of the launches like the one with Voice or Bullish didn’t heave a meaningful use-case for EOS.

The ENF founder and CEO Yves la Rose outlined plans for the network and announced to move away from the parent company. Three months after the announcement, La Rose revealed preparing for a war with the creators. A few days later, Pierce set up a new fund dubbed Helios to support EOS expansion and even transferred $210 million worth of tokens to it. Today’s rally drove the coin to a 12-week high above $3.1 and as of now, the asset sits under $3.