Can EOS Price Soar to $15 Again? Here’s What You Need to Know!

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The price of Ethereum Overwhelmingly Surged, Breaking a Significant Barrier Point as Bitcoin and the majority of other cryptocurrencies rebounded.

For the first time in nearly two weeks, the value of EOS (EOS) exceeded the symbolic $1 barrier. This digital currency has experienced a significant jump of more than 45%, rising from its record low this month.

The bounce back in performance was seen as the Decentralized Finance network’s ecosystem thrived. As per DeFi Llama, the value locked in increased to a record $250 million, reaching its highest point since December 8. Notable applications such as EOS Rex, PayCash, and DefiBox drove this growth.

A year following the Spring 1.0 hard fork enacted by developers, this advancement occurred. This update brought about 1-second transaction confirmation. Additionally, the network underwent a transformation in its economic structure by limiting the token supply to 2.1 billion and enhancing staking rewards.

Additionally, EOS unveiled the Satoshi’s Angels Testnet (ex-Sat Network), a venture aimed at enhancing Bitcoin scalability, which has amassed millions of dollars worth of investments.

2024 was a groundbreaking year for the EOS Network.

– Instant Finality was implemented
– TVL (Total Value Locked) saw significant growth
– The mainnet launch of exSatNetwork took place
– A partnership with CeffuGlobal was established
– Integration with MetaMask occurred
– Tokenomics were optimized and strengthened
– EOS made its way into the COIN50 Index on Coinbase

These achievements represent some of the notable milestones that set 2024 apart as a transformative year for the network🔥

— EOS Network (@EOSNetworkFDN) January 1, 2025

EOS continued to thrive due to its continuous alliance with Binance. This joint venture involves a $10,000 prize draw for fortunate participants who accomplish tasks on Binance Square. Such promotional activities frequently boost cryptocurrency values.

Currently, there’s a growing appetite for the EOS token in the futures market. As reported by CoinGlass, open interest has reached an all-time high of $167 million since early December, marking a significant increase. The majority of this surge can be attributed to trading platforms like Binance, Bybit, and OKX.

EOS price analysis: can it retest its all-time high?

In 2021, during a significant increase in cryptocurrency values, the token for the EOS Network reached approximately $15. But after that, it gave back most of its gains as the overall crypto market fell and disagreements between the EOS Foundation and Block intensified. It hit a low of $0.4700 in 2023 and has stayed around this level since then.

The coin’s shape on the chart resembles a cup-and-handle formation, which is often seen as a positive sign for future price increases. This latest drop in its value corresponds to the handle part of this pattern. Additionally, EOS has risen above its 50-week moving average line.

As an analyst, I anticipate a robust bullish surge in the EOS price within the upcoming days, with the initial aim being the peak of the cup at approximately $1.3423. Should this level be surpassed, we could witness EOS reaching its 2021 high of around $6.43, if the growth within the ecosystem remains consistent.

It’s premature at this point to determine if EOS will regain its peak value of $15. To achieve that, the token must increase approximately 1,400% from its present price.

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2025-01-17 17:34