The Token Eos recovered for the second consecutive day, reaching its highest level since April 5 when investors reacted to the next full brand change. The increase also occurred together with a strong increase in the volume processed by its decentralized exchange protocols.
EOS (EOS) rose to a maximum of $ 0.850, 95% more than its minimum of April, which carries its market capitalization to $ 1.3 billion. The rally occurred in a high volume environment, with a daily negotiation volume by 67% to $ 428 million.
Eos jumped after developers announced that the full brand change will occur on May 14. The Ticker symbol will also change EOS to only A. The profits followed the announcement that EOS will complete
Vaulta aims to become an important player in blockchain -based bank. The platform will offer programmable contracts and liquidation layers, which allows banks and companies to launch cross -border and scalable financial services.
The team compares the vault ambition with the Stripe’s, the giant of payments that helps companies accept online payments. However, the vaulting approach is to facilitate that traditional financial companies take advantage of blockchain without the need for a deep technical experience.
Vaulta also hopes to become an important player in the real world asset token industry. In this, it will provide companies in the wealth and active management industries the technology they need to tokenar the assets in digital tokens.
Token EOS also jumped after third -party data showed that the volume managed in their DEX protocols increased in the last 7 days. They managed tokens worth $$ 86.7 million, which raised the volume of 30 days to $ 158 million.
The price of EOS also increased as the weighted financing rate became positive and reached its highest level since Tuesday. A positive fee means that long merchants are paying sellers in short. It occurs when the price of a perpetual contract is above the current price.
EOS Price Technical Analysis
The 8 -hour table shows that EOS continued to climb, reaching $ 0.85, its highest higher since April 4. The Token has broken above the ascending trend line that connects the minimum key swing since March 11.
It is also above the mobile average of 50 periods, while several impulse oscillators have a higher trend. The price is now approaching a key resistance level at $ 0.8770, which was the peak of April 3.
A rupture above this resistance could open the door to more profits, the following main objective being the psychological level of $ 1.00, approximately 20% higher than current levels.
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