EOS is up by greater than 3% within the final 24 hours and will rally larger after the EOS Foundation launched its ecosystem fund.
EOS, the native coin of the Eos community, has added greater than 3% to its worth within the final 24 hours. It has been performing properly thus far today and will rally larger over the approaching hours and days.
The constructive efficiency comes after Yves La Rose, the CEO of the EOS Network Foundation, introduced on Sunday that they’ve launched a $100 million ecosystem fund.
I’m happy to announce that we’ve formally reached a consensus settlement to launch a $100M ecosystem fund to take a position instantly into $EOS tasks!
The ecosystem fund shall be managed by EOS Network Ventures, and can solely be investing in #EOS tasks. Nothing else.
— Yves La Rose (@BigBeardSamurai) November 13, 2022
According to the CEO, the fund is geared in direction of investing in EOS tasks. The $100 million ecosystem fund shall be managed by EOS Network Ventures, and can solely be investing in EOS tasks.
The broader crypto market is recovering following final week’s huge losses. The whole crypto market cap stands round $840 billion, up by greater than 1% within the final 24 hours.
Bitcoin is closing in on the $17k resistance stage after including 1% to its worth today. Ether is additionally buying and selling above $1,200 and is up by 2.5% thus far today.
Key ranges to observe
The EOS/USD 4-hour chart stays bearish regardless of EOS performing properly within the final 24 hours. The technical indicators present that EOS is recovering from its latest hunch.
The MACD line is beneath the impartial zone however has been slowly transferring larger over the previous few hours. Thus, indicating that the bulls are slowly gaining management of the market.
The 14-day relative power index of 48 exhibits that EOS is now not within the oversold area. At press time, EOS is buying and selling at $0.9185 per coin.
If the correction continues, EOS may transfer previous the $0.9639 resistance stage earlier than the tip of the day. However, it might want the help of the broader crypto market to commerce above the $1.0939 resistance stage within the close to time period.
Where to purchase EOS now
eToro
eToro presents a variety of cryptos, reminiscent of Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro customers can join with, be taught from, and duplicate or get copied by different customers.
Binance
Binance is one of many largest cryptocurrency exchanges on the planet. It is higher suited to extra skilled traders and it presents a lot of cryptocurrencies to select from, at over 600.
Binance is additionally recognized for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, reminiscent of; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.
