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The new exciting meme coin Tamadoge is currently in presale. As a result, Tamadoge is also a good option because it is in the spotlight, and its price may skyrocket following the presale. Given the rise in EOS prices, investors appear to be looking for additional opportunities to profit. Therefore, a breakout of $2 will signal the start of a new uptrend. As a result, the EOS price prediction remains bullish, particularly above $1.4210. The RSI is hovering around 69, and the MACD is also forming histograms above zero, indicating a strong uptrend.Īt the same time, the 50-day EMA is around 1.20, indicating a bullish trend in EOS. Leading technical indicators like the RSI and MACD are pointing to a buying trend. A break below $1.4210 may allow for additional selling until $1.20 or 0.86 is reached. On the downside, EOS may find immediate support at $1.4210. If EOS’s price rises above $2.30, it may reach $2.80 or even higher.ĮOS Daily Price Chart – Source: Tradingview A surge in EOS demand could pierce the $1.925/2 resistance levels, propelling the EOS price to the next major resistance level of $2.30. However, the coin is immediately facing resistance at the $1.925 level. As a result, we can anticipate an upward trend in EOS. A break above this level and a candle closing above $1.4210 increase the chances of a bullish trend continuation.ĮOS has closed bullish engulfing candles on the daily timeframe, indicating that investors have a strong bullish bias. On the daily timeframe, this level was extended by a triple top pattern and acted as a strong resistance. The EOS/USDT pair is trading strongly bullish, surpassing the $1.4210 mark. EOS Price Prediction – EOS Struggles Under $2
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He claims the team is united around the Antelope protocol and builds on more than four years of battle-tested code and aggregate intelligence. As a result of the hard fork, all network nodes will need to be updated to continue using the new protocol.įurthermore, in a press release, Yves La Rose, CEO and executive director of the EOS Network Foundation, stated his thoughts. Previously, Yves La Rose predicted that the EOSIO would undergo a rebranding process, resulting in an EOS hard fork.Īccording to Zack Gall, vice president of communications at the ENF, the EOSIO blockchain code will undergo a hard fork on September 21, signaling the formal transition to Antelope. Antelope will also be promoted by ENF members EOS, Telos, Wax, and UX Network.
The EOS Network Foundation (ENF) announced on August 17 that Antelope, a community-run blockchain technology, will be the foundational protocol for EOSIO-based blockchains.
EOS Network Foundation Members Switch to CPA Furthermore, the EOS hard fork, similar to the Ethereum Merge, may garner a lot of attention, assisting in the price increase of EOS/USD. The September event, however, is unlikely to yield a new token. Here’s what you need to know about #TheNewEOS.Ī hard fork usually causes the chain to split, with EOS holders receiving an equal number of tokens from both halves.
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This week we are revealing the highly anticipated EOSIO rebrand, and next month, $EOS will activate its v3.1 consensus upgrade (hardfork). One is the company that developed the EOS network. One is due to concerns about malpractice. The rebranding and upgrade symbolize EOS’s symbolic separation from Block. Furthermore, EOS will be renamed EOSIO later this week.
#Iota crypto prediction update#
EOS Hard ForkĪccording to Yves La Rose, the network will release the Mandel v3.1 consensus update in September. The increase in TVL benefits the EOS/USD because it increases coin demand, which drives the price. EOS Network Foundation August 10, 2022Īccording to reports, the TVL may rise in the days leading up to the incentive’s activation on August 28. Furthermore, since the start of Yield+ registration, the total value locked (TVL) inside the EOS pools has risen, indicating a brief increase in token demand.ĭesigned to build economic activity on $EOS through incentivizing DeFi dApps that increase TVL and generate yield. In this way, the service competes with the major blockchain rivals in the DeFi market, namely Ether, Cardano (ADA), and Solana (SOL). Yield+, a liquidity incentive and reward system attracts decentralized finance (DeFi) apps that generate returns for their customers. The EOS Network Foundation (ENF) began accepting applications for its upcoming Yield+ incentive program on August 14. Let’s delve deeper and look at EOS’s fundamental and technical outlook.
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