Cryptocurrencies Resumed Uptrend: EOS, NEO and IOTA Outperforming


Cryptocurrencies have been making small sideways movement over the last week, and the coins are struggling to break through the narrow trading ranges. Bitcoin (BTC), continues trading in the range of $6,600 to $7,000 over the last week. The crypto market moved into the green today, and the majority of the top ten coins posted low to high mid-single-digit gains.

Ethereum (ETH) coin is up 5% today, and Ripple (XRP) price jumped 3% in the last twenty-four hours.  The total cryptocurrency market capitalization hovers around $270 billion, higher slightly from this month’s low of $255 billion.

EOS Outperforms Other Coins


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EOS (EOS) is among the biggest gainers. The price of EOS coin rose almost 18% today to $7.07. EOS has been outperforming other altcoins over the last couple of weeks despite a broader market selloff. The coin jumped more than 22% in the previous seven days alone, and its market cap currently stands at the highest level over the last thirty days.

South Korean exchanges account for the majority trading volume for EOS. Bithumb and Upbit, account for 24% and 16% of total trading volume. Trader’s optimism in EOS coin was due to the latest developments in its blockchain technology. The EOS development team recently introduced EOSIO Dawn 3.0 on Github – which set the path for the potential release of EOSIO 1.0 in the next few months.

NEO and IOTA are Following EOS Uptrend


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NEO (NEO) coin has also been impressing investors despite the volatile trading environment. It is the second largest gainer in the top ten digital currencies. With the market capitalization of $3.5 billion, EOS coin is up 8% today, extending the seven-day gains to 12%.  IOTA (MIOTA), which is ranked at the 10th spot based on market capitalization, surged more than 5% today.

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