While the overall crypto market has been on the bear for the last few days, EOS has outperformed when compared to other significant cryptos. Will EOS skyrocket? Probably, in the top 10 cryptos, Only EOS has risen very high. With 11.4% rise in the last 24 hours EOS leads the Top cryptocurrencies.
So what is driving this bull-run? There are some in crypto circles who feel that this is a pump, and it will end pretty soon. However, a more in-depth analysis of this crypto reveals that some strong fundamental factors are driving its value. Let’s go through some of them. One of the most probable reasons behind this rise is the recent partnership between EOS and FinLab AG, a European financial technology company.
Moreover, the release of EOSIO increases the value of the coin. The token had a market cap of over $10 billion and traded at $12.27 against the US dollar today.
Let’s believe that the bullish momentum will continue. Whatever the case, EOS comes across as a sound project that has a good future!