Decoding why EOS reversed stagnancy amid hard fork anticipation
The open-source blockchain platform, EOSIO [EOS] may not have been on the watch of many crypto investors. The reasons for this are as clear as day.
Since 2021, EOS has done little to nothing to excite even its own community as per price performance. Since hitting $6.21 in September last year, the altcoin has been on free fall off the charts.
To the surprise of crypto investors, EOS went on an unexpected rally. Over the last 24 hours, the cryptocurrency surged 24.07% to reach $1.58.
As of 16 August, the EOS price was $1.26 with almost no signs of a rally.
Interestingly, there could be a reason why EOS had had that impact. Yves La Rose, CEO of the EOS foundation had stated earlier, that the EOSIO would undergo a rebrand which could lead to an EOS hard fork.
<p lang=«en» dir=«ltr» xml:lang=«en»>This week we are revealing the highly anticipated EOSIO rebrand, and next month, $EOS will activate its v3.1 consensus upgrade (hardfork). Read more on ambcrypto.com
