EOS Coin has been on a slow and steady uptrend

EOS Coin has been on a slow and steady uptrend

EOS Coin has now broken back through the $3.00 price point, after an impressive rally earlier today. Coin initially climbed to as high as $3.09 earlier this morning following a sudden 4% surge, after which it cooled off slightly, retracting back to $3.03."EOS Coin has been on a slow and steady uptrend"

EOS Coin has been on a slow and steady uptrend

EOS has been on a slow and steady uptrend since July 24 and has been one of the best performers in the last few days, frequently leading the market in terms of growth. The cryptocurrency is now in the green across all short-term timeframes up 8.5% in the last seven days and 4% in the last 24 hours.

Over this period, the price of EOS Coin has risen considerably when measured in Bitcoin (BTC), climbing from 0.000319 BTC/EOS up to 0.000364 BTC/EOS equivalent to a 14% rise against Bitcoin.

However, scaling back slightly further it is clear that things aren't so positive since Coin is still down 6% for the month and 50% for the past three months.

This recent rally has been driven by news of Block.one's recent settlement with the US Securities and Exchange Commission (SEC). Earlier today, Block.one published a press release stating it will be paying a $24 million fine over its 2017 ICO, which the SEC claimed was an unregistered securities offering. This will barely affect Block.one since it raised $4 billion during its year-long ICO.

The SEC has typically been much harsher on ICOs. It cracked down on ParagonCoin, putting it deep in the red due to legal fees associated with dealing with the SEC. And its ongoing lawsuit with Kik over its Kin ICO has cost the company millions, resulting in it cutting its staff from 100 to 19 and closing the Kik messaging app. It's not surprising, then, that Block.one's relatively minor fine hasn't rattled EOS investors.

EOS is increasing steeply in the intraday market. Yesterday, EOS Coin was seen floating around $2.5 and $2.8. However, today, it looks like the coin has broken the regular movement and is spotted taking a high. The same could help the eos coin to come out of the tremendous loss, which took place lately.

Yesterday, In the first few hours, the EOS coin kept dealing at $2.8. The EOS Coin price escalated by 6.28% and this surge took the price from $2.7 to $2.9. The uptrend kept intact and closed the day at $2.9 and the intraday loss was 6.77%. Today, EOS Coin jumped within two hours of the opening; the price counter changed from $2.9 to $3.1. Currently, in price there is a slight pullback experienced, which is expected to recover.

EOS Coin has created a mark for itself with a moderate price movement. In the future, we expect that EOS would be competing with the leading coin. We would suggest eos coin traders opt for long-term investment; the same would bring the desired return on the investment.

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