EOS Surges 10.13% in a Day, But Still Far From Its All-Time High

EOS saw a strong rally, climbing 10.13% to $0.4884 by 20:32 (00:32 GMT) on Wednesday, marking its biggest one-day gain since March 2. This increase pushed EOS’s market cap to $754.87 million, accounting for 0.03% of the total crypto market. However, the token remains significantly below its all-time high of $22.98, recorded on April 29, 2018—down 97.87%.

In the past 24 hours, EOS fluctuated between $0.4849 and $0.4884, with a trading volume of $119.56 million, representing 0.09% of total crypto volume. Despite the recent surge, EOS has dropped 8.69% over the past seven days, trading between $0.4347 and $0.5702.

Meanwhile, Bitcoin climbed 6.91% to $83,015.90, with a market cap of $1.64 trillion, representing 61.29% of the crypto market. Ethereum followed with a 5.78% gain, trading at $1,920.56, and holding a market cap of $231.24 billion (8.63% of the market).

EOS’s price movement highlights the volatility of the crypto market. While short-term gains may excite traders, the long-term trajectory remains uncertain. Investors continue to monitor EOS and major cryptos like Bitcoin and Ethereum for potential trends and opportunities.