EOS managed a dramatic recovery in the past day as markets went into positive territory. The coin, which had prompted shorting and predictions of dropping to $0.50, rallied strongly instead, gaining nearly 30% in one day.
EOS reached $2.52 as of 6:00 UTC, climbing to number four by market capitalization after growing by 29.21% in the past 24 hours. Its trading volume in that period reached $1.18 billion, with more than 44% attributable to the pair with Tether (USDT). After the last sell-off, funds were once again parked in the USDT stablecoin, and buying has resumed with the latest rally.
Additionally, the network and user base seem to be outpacing other platforms, at least based on reported growth. EOS transactions remain above 23 million in 24 hours, the all-time high being 48.5 million, as per Blocktivity dat…
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