EOS is ranked at #8, beneath Tether and Binance on coinmarketcap. EOS is currently in the red zone, the price descended at a rate of 1.51% in the course of the past 24-hours. The trading volume recorded is $1.052 billion, whereas the supply has 927,941,385 EOS coins in play. The total market cap of EOS is $3.291 billion. As of this moment, EOS is priced at $3.55.
Did you know that Bancor does not rely on an order book? Rather, Bancor uses on-chain liquidity pools known as “relays” to provide constant liquidity to tokens. Learn more in this simple explainer by @eosweekly: https://t.co/8wAEfYOuGW #DeFi pic.twitter.com/63oKN5U2VY
— Bancor (@Bancor) August 17, 2019
Not all members of the community were happy with the Bancor partnership. However, opinions vary amongst EOS enthusiasts. Ali Ayyash, the co-founder of Lumeos has passed away. Many have expressed their grief with regards to this news. He died due to injuries sustained as a result of a fatal car accident.
Dan Larimer’s patent for a unique ID has gotten rave reviews from across the globe. This is considered to be the next evolutionary step from cryptocurrencies. Do check out this fantastic analysis by Colin Talks Crypto on YouTube:
The formation of a digital identity that is secure and protected from the prying eyes of the government will soon help the EOS ecosystem grow. Considering that this arrival came right after announcements tied to Voice [the new platform from block.one set to rival Facebook], the next few months will be crucial for the EOS chain.
The data from the EOS/USD candlestick chart points to the presence of bearish pressure in the market so far. The daily RSI [for 10 periods] has sunk below 30 and is currently at 29.07. Thus, EOS is being oversold, and the MACD line has been beneath the signal line from 15th August onwards. The Ichimoku Cloud [between lead 1 and lead 2] is red, indicating selling pressure.