EOS Records A 0.95% Drop, Still Struggling To Stabilize

EOS records another drop in price while struggling to remain stable and the cryptocurrency was not able to gain some significant growth over the past 24 hours as well. Let’s check the EOS coin news today and see further analysis.

The three major price shifts have given a range between 3.020 USD and 2.871 USD. EOS opened the day trading around 2,927 USD and in the starting hours it lost more than 0.58 percent to reach 2.910 USD. The next drop was an addition in the value between 02:22 UTC and 16:04 UTC which led the EOS price to trade at 3.020 USD marking the highest price of the day. From there, EOS started dropping in price and in the next 7 hours, EOS records another drop reaching 2.871 USD.

EOS has not been able to fetch any significant growth over the last 24 hours, and the loss percentage in this period stands at 0.95%. Its three major price shifts have given a range between 3.020 USD and 2.871 USD. The market cap of EOS has shown some movements different than its price trend. The market cap of EOS stood at 2,721 billion USD in October and has since increased to 2,7323 billion USD today.

The 50-day average stands at 3.26 USD and the 20-day average is standing at 3.013 USD. The current price trends are moving towards 2.900 USD and this will be considered a 12.04 percent increase and 3.78 percent less than the 50-day and 20-day moving average respectively. EOS’s next stop may come at 2.9 USD.

EOS has been riding a slight uptick in the price after the decision from the SEC that many of the analysts believed that this is an implicit green light for the token as a non-security.  EOS still remains the seventh-largest cryptocurrency with a market cap of $2.61 billion. Since the previous EOS price analysis, the cryptocurrency suffered dramatically amid the Bitcoin bloodbath and which led the altcoin to drop beneath the support of $3.000. At the start of October, the Securities and Exchange Commission sanctioned the EOS issues Block.one over its 2017 ICO but only fined the company a half percent of the billions it had raised during the sale as we previously read here on our website, DCForecasts. Stay tuned for further updates on the price of EOS and other cryptocurrencies as well.