EOS has shown a bullish return to the list of top 5, by taking the fourth place on the list of top trading cryptocurrencies, which is a rank that was once held by Bitcoin Cash (BCH), long before BCH split in the last year’s hard fork that resulted in Bitcoin SV (BSV).
Even with the latest decline by over -15% in a single day, EOS (EOS) is still one of the top trading currencies for the last seven days among the top 20 cryptos and wider.
In the meanwhile, EOS is set to become available to 300 million users on Taptalk as of the announcement released the last Thursday, on February 21st.
EOS (EOS) to Become Available on Taptalk to 300 Million Users
EOS (EOS) topped the last seven days, by rising to 3.29 billion dollars in market capitalization, with the latest drop of over -15% in the last 24 hours concluded on February 25th.
However, despite the most recent negative change in the market, EOS is still showing a positive return of over 23% in the last seven days. For the purpose of comparison, Bitcoin (BTC) and Ethereum (ETH) are up by nearly 3% and nearly 2% for the week.
One of the main factors that might have affected the price of EOS in a positive way, enhancing the trading volumes of EOS for the week and raising its value in the market might be the case of the recent announcement that revealed that EOS will become available on Taptalk.
Taptalk previously launched Gold Point back in 2017 in order to incentivize moderators and administrators while expanding the community. The reward system will now become integrated with EOS cryptocurrency, which means that moderators and administrators on Taptalk will be receiving their rewards in EOS.
This case can help EOS take a more serious rebound in oppose to the period of crisis that started at the end of the first quarter of 2018 and become more aggressive with the infamous November dip.
With the announced integration, EOS team is hoping to increase the adoption of the crypto which could also affect the price to rise in the upcoming period.
Right after the announcement, EOS went up by 18%, which indicates how significant the pending integration can be for the sake of now the fourth-largest currency.
EOS Scoring Positive Return in the Last Two Months
The cryptocurrency market showed a clear tendency towards a rebound starting from around 60 days ago as the majority of top trading cryptos are showing positive returns in the course of the last two months.
EOS is not an exception in this case scenario as the crypto went up by over 26% in the last 14 days, additionally showing 45% of return in the period of the last month.
Moreover, EOS is up by over 38% in the course of the last two months, presently trading at the price of 3.55$.
EOS is still holding the first spot according to Dapp Radar when it comes to the number of Dapp users on the platform, which is said to be the driving force of this smart-contract-driven crypto.
Image Credit: AltNewsCoin
