EOS Price Surge Signals new Market Cap Flippening With Litecoin

February 15, 2019

Most of the top crypto markets are currently in the process of moving up again every so slightly. When Bitcoin goes in the green – albeit ever so slightly – the other currencies will usually follow suit pretty quickly. For the EOS price, these current gains can prove to be crucial. Its “flippening” with Litecoin in terms of market cap will continue for quite some time to come, it seems.

EOS Price Mounts Another Mini Surge

The past week and a half have been relatively positive for EOS watchers. The value of this currency has risen significantly, and it appears most of the bearish pressure can be negated without too many problems. There is also the recent push to the market cap top 4 lately, although EOS has dropped to #5 again after Litecoin noted some higher quick gains. It seems likely both currencies go one-up one another for some time to come.

Over the past 24 hours, the momentum in cryptocurrency has turned from semi bearish to semi bullish. Such shifts tend to occur quite regularly, although this is a pretty interesting development, all things considered. For the EOS price, it means a 0.8% gain can be noted in both USD and BTC value. One EOS is now valued at $2.82 or 0.000777 Bitcoin. Both levels are seemingly sustainable based on the current trading volume.

Behind the scenes of the EOS ecosystem, it would appear a new partnership has been formed between Unlimited Tower and EOS Park. Both entities partner to build better API and full node endpoints for the items and user activities provided by Unlimited Tower. It is a pretty significant development for this alternative currency itself, as EOS continues to grow and evolve at an accelerated pace.

Secondly, it would appear a new gaming dApp built on EOS is getting some attention. Known as Ready Player One – nothing to do with the actual movie or book – it offers Monopoly-esque gameplay elements. It is a game which has been in development for some time now. Efforts like these can make more people aware of EOS and how its blockchain can function. Not all dApps have to be gambling related or DExes, after all.

For traders and speculators who are not too bothered about the current market value of EOS, there are some interesting arbitrage opportunities to take note of as well. Different platforms maintain a variable price for EOS at this time, which can make for some easy profits along the way. Considering how most traders yield a 1% profit or more, there is a good reason to exploit these price gaps for profit.

Based on all of these developments and circumstances, it would appear as if this may be the beginning of a new EOS mini bull run. Although it is still too early to say so for sure, these developments can all impact the price in a positive manner. Unfortunately for EOS and other currencies, that will primarily depend on how the Bitcoin price evolves over the coming hours and days. Anything can happen ahead of a weekend, after all.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

About The Author

Jdebunt

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.