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EOS/USD on the rise fuelled by positive fundamentals



  • EOS/USD gains 5% on a day-on-day basis on Tuesday.
  • Five million USDT tokens have been swap-chained to EOS blockchain.

EOS, now the 7th largest digital asset with the current market value of $3 billion, gained 5% in recent 24 hours to trade at $3.15 at the time of writing. EOS is one of the best-performing coins as positive cryptocurrency market sentiments are supported by EOS-related fundamentals.

Bitfinex moves $5 million in USDT to EOS blockchain

Cryptocurrency exchange Bitfinex and a decentralized trading platform EOSFinex successfully completed the cross-chain conversion of five million USDT into the EOS blockchain.

The platforms believe that this move will protect EOS-based decentralized applications (dApps) from high price volatility typical to digital assets. According to the statement, the protocol is already used by 49 of the 100 leading dApps.

The company’s next goal is to fully launch EOSFinex on the main network.

Currently, USDT operates on Bitcoin, Ethereum, TRON, Algorand and Blockstream’s Liquid blockchains.

EOS/USD, the technical picture

On a daily chart, EOS/USD is changing hands at the middle line of a Bollinger Band. This line creates the initial support for the coin. Once it is out of the way, the downside correction is likely to gain traction with the next focus on psychological $3.00 and Monday’s low of $2.90.

On the upside, strong resistance is created by  SMA50 (Simple Moving Average) daily currently at $3.43. We will need to see a sustainable move above this handle for the extended recovery towards $4.00.

EOS/USD, daily chart

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EOS Keeps the Bearish Run Intact; Price Hovers Around $3



EOS is battling in the downtrend for a long time. The coin was at $4.3 on August 01, 2019. The month ended with a substantial loss of 23.57% at $3.3. The fall continued in September also. Lately, the currency has experienced a little improvement, and the same is indicating towards a better future.

We have entered in the last quarter of the year. All eyes are upon the board for a better closing. Let’s have a look at the last month’s price movement of EOS.

The last month started with a moderate price movement in EOS. There was an uptrend noted, which took the EOS price to $3.9613 from $3.2560 by 21.8%. Later, the price fell to $3.7153 by 6.21%. Then, again, it went up and reached $4.2384 by 14.55%. Later, the tremendous fall brought EOS price down to $2.4193 by massive drop of 42.92%. There was a recovery in the last few days. That took EOS coin price to $3.1259 by 29% progression. The month locked 6.54% loss as it opened at $3.3445 and closed at $3.1259. The ongoing month is reflecting upward movement. In the last few days, EOS moved from $2.9971 to $3.3700 by 12.4%.

EOS price
EOS Chart By TradingView

EOS Price Prediction

EOS is dealing among the top ten cryptocurrencies in the market. Traders are still hoping for an improvement and thus sticking around. EOS is also speculated to experience the price rally soon.

As per the current statistics, the market cap of EOS is at 2,935,684,716 USD. Out of the total supply of 1,032,096,275 EOS, there are 935,396,263 EOS coins circulating in the market. The ROI is at 204.31%. The 24-hour volume is at 1,675,918,670 USD.

EOS has recovered strongly and likely to break its next resistance of $3.25 soon. By the end of 2019, EOS is likely to trade above $4.20. We would recommend long-term investment as it would give a colossal profit.

Resistance & Support Levels

R1: $3.25, R2: $3.33 and R3: $3.42

S1: $3.08, S2: $2.99 and S3: $2.91


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EOS Price Analysis: Primed For More Gains Above $3.30



  • EOS price is slowly climbing higher and it recently broke the $3.000 resistance against the US Dollar.
  • The price is currently correcting gains, but it remains supported near $3.050 and $3.000.
  • There is a crucial bearish trend line forming with resistance near $3.280 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
  • The pair could rise steadily once there is a clear break above the $3.300 resistance area.

EOS price is trading with a positive bias against the US Dollar and bitcoin. The price is likely to recover towards the $3.450 and $3.650 resistance levels in the near term.

EOS Price Analysis

This past week, there was a downside extension in bitcoin, Ethereum, ripple, litecoin and EOS against the US Dollar. However, the market recovered this week and EOS price started a decent upward move from the $2.850 support area. It surpassed the key $3.000 resistance area. Moreover, there was a close above the $3.080 resistance area and the 55 simple moving average (4-hours).

As a result, there were further gains and the price traded to a new monthly low near $3.313. At the moment, the price is correcting gains below the $3.200 level. Moreover, it traded below the 23.6% Fib retracement level of the recent wave from the $2.850 low to $3.313 high. On the downside, there is a strong support forming near the $3.080 and $3.050 levels.

Additionally, the 50% Fib retracement level of the recent wave from the $2.850 low to $3.313 high is also near the $3.080 level. Therefore, dips towards the $3.080 level remains well supported. If there are further downsides, the price could test the $3.000 support area or the 55 SMA. There is also a connecting bullish trend line forming with support near $3.000 on the 4-hours chart of the EOS/USD pair.

On the upside, there is a key resistance forming near the $3.300 level. Additionally, there is a crucial bearish trend line forming with resistance near $3.280 on the same chart. A successful break above the trend line and $3.300 could set the pace for more gains. The next resistance is near the $3.450 level, above which the price could test the key $3.650 resistance.

EOS Price Analysis Chart

Looking at the chart, EOS price is showing a lot of positive signs above the $3.080 and $3.000 support levels. As long as there is no close below $3.000, there are high chances of more gains above $3.300 and $3.450.

Technical indicators

Hourly MACD – The MACD for EOS/USD is losing momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI is currently correcting lower towards the 50 level.

Major Support Levels – $3.080 and $3.000.

Major Resistance Levels – $3.300 and $3.450.

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EOS debuts EOSIO 2 with improvements aimed at developers



EOSIO 2, the second iteration of the EOS blockchain, was unveiled., the company behind the blockchain, said that EOSIO 2 was built with developers in mind and will create a faster, simpler, and more secure environment to build on EOS.

A new iteration of EOSIO is on its way

EOSIO, an open-source blockchain protocol, has gotten better and faster., the company behind the globally-recognized platform, unveiled EOSIO 2 on Oct. 7, saying the newest iteration of their celebrated platform was built with developers in mind.

According to the company’s official blog post, the focus of EOSIO 2 was to create a faster, simpler, and more secure way to build on EOSIO. set out to solve problems they believe all developers face when building on blockchains: the speed in which smart contracts are executed, the complexity of onboarding new developers, and the security of private and public keys.

Dan Larimer, the CFO at, said that EOSIO developers are currently working on solving issues that Ethereum 2.0, which won’t launch for at least two more years, hasn’t even begun considering.

He went onto explain that EOSIO has been consistently scaling ever since it launched in 2017, and is now 16 times faster than it was then.

EOSIO continues to iterate

The company seems to have set out to create the second iteration of EOSIO out of sheer necessity. previously explained that they were the first to use a WebAssembly (WASM) engine to improve performance. These engines are used to facilitate interactions between executable programs and their host environment, in this case, between smart contracts and a blockchain.

However, EOSIO quickly outgrew all existing general-purpose WASM engines, which is why they decided to build their own. EOS VM, the company’s purpose-built WASM, is 16 times faster than Binaryen WASM, which was released with the first version of EOSIO.

EOSIO 2 will also feature a quick-start development tool that will allow new developers to get into a ready-to-build mode “in minutes.” Furthermore, the blockchain’s second iteration adds WebAuthn support, a secure authentication standard that will allow developers to achieve a level of security for private keys “that doesn’t exist in blockchain today,” said.

EOS community members can already download EOSIO 2 rc1 and utilize it both on testnet and non-critical EOS nodes, Larimer said in a tweet.

The news about EOSIO 2 seems to have had a strong impact on the price of EOS, which spiked almost 10 percent in just two days. While the coin seems to be on a path toward consolidation on Oct. 9, its price spiked from $2.8 to $3.1 following the announcement.

EOS US dollar price chart
Source: Coin360

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