The EOS price on Wednesday posted more than 10% in gains against the US dollar owing to strong fundamentals.
The cryptocurrency opened the day at $2.7253 on Bitfinex but dropped during the early Asian session to establish an intraday low towards $2.7066. It briefly bounced back as the course matured and entered the European trading hours, setting fresh high towards $2.8402. Before the US session kicked in, the EOS market had extended its upside gains to establish a new intraday high at $2.9076.
While the rally came as a part of an overall crypto recovery, which saw almost all the significant coins, including Bitcoin and Ethereum, establishing fresh session highs, EOS was among the few coins that had a strong fundamental to back its interim bullish sentiment.
Huobi, the world’s third-largest cryptocurrency exchange, said in their official press release that they would create an EOS-based derivative platform where traders would be able to take both long and short positions using the EOS tokens. The announcement also revealed that EOS tokens would be used to arbitrage, speculate, and hedge on the platform. The event overall promised growth in demand for the cryptocurrency.
CCN |
https://www.ccn.com/eos-price-spikes-10-as-block-one-ceo-floats-voter-rebates/
