Today, the price of EOS has increased by34%, reaching $8,91/EOS at the moment of local maximum (according to coinmarketcap.com), for the first time since the end of February. In its growth, it has outrun all other top-100 cryptocurrencies.
At the time of this article publishing, the price of EOS has somewhat reduced, the token is traded at $8.40. It has caused the growth of EOS market capitalization to $6.4 billion and brought it in the leading five of the world biggest cryptocurrencies, moving Litecoin to the sixth position in the top.
- according to coinmarketcap.com.
The rapid growth of the price has happened together with the increase of trading volumes. At the moment, EOS takes the second place by trading volumes after Bitcoin, with the daily turnover of $2.3 billion. 14.6% of all cryptocurrency trading volumes fall on this currency.
The majority of EOS trading volumes is concentrated in South Korea, in pairs with KRW on Bithumb and Upbit that makes up 42% of all world trading volumes. Nevertheless, the rest of cryptocurrencies is more or less evenly distributed both among exchanges and trading pairs.
The present rapid growth of EOS is likely to be caused by the airdrop of eosDAC, the blockchain snapshot of which is planned for April, 15.
On this day, which is also a 300th day of the ICO EOS, all wallets that keep at least 100 EOS tokens, will receive the equivalent number of eosDAC tokens. They will be passed to the EOS network after its launching later this year. Users, who have less than 100 tokens, also can request eosDAC tokens, distributed during the airdrop, but they will have to make it manually.
Cryptocurrencies often experience the growth of price before the airdrop, to fall after the blockchain snapshot fixes airdrop balances. So it won’t be strange if EOS is not able to keep its race upward during the next week.