The EOS market cap increased by almost $1 billion over the past 24 hours. During another bullish rally, the EOS price has risen again exponentially, now trading at $8,39. The last time EOS traded at this level was on the 27th of July 2018.
The EOS price jumped from $7,45 to $8,56 in just one day. After the bullish rally, the EOS price has retraced back to $8,39. Despite the small correction from the $8,56 high, EOS has gained over 12.2% in the last 24 hours.
The reason behind the price surge is, of course, the big announcement that the whole EOS community is excited about. Block.one, the cryptocurrency firm behind the protocol’s ICO and much of its development, hinted earlier this year that today, June 1, something astounding was going to occur. An event called B1June is scheduled for later today and will be used to reveal the “big” EOS news that so many people are waiting for.
EOS is up almost 40% in the past week, outclassing most other digital assets. If EOS can keep its bullish momentum, we might see the token above $10 very soon.
