Why EOS Prices Have Skyrocketed In Recent Days

EOS price naturally increases (Coindesk)

JAKARTA – EOS prices have increased significantly since 2018. Eos price increase began in early March 2021.

The 20th ranked cryptocurrency by market capitalization was able to give investors a profit of almost 100 percent in the last three days, as compiled from CoinGecko.

Eos price increases are currently at the crossroads of two quite attractive price trends. On the one hand, EOS/USDT trading reaches its peak in 2021. In March, the price decreased. Currently the EOS/BTC chart has been breaking through the bearish trend since the last three years. This opens up the possibility of EOS experiencing a bullish trend.

In addition, Bitcoin's dominance has declined in recent weeks. Analysts say the "altcoin season" is starting in recent weeks.

This is evident in a number of large altcoins that are experiencing very good increases such as Ethereum Classic (ETC), Chainlink (LINK) and also Polkadot (DOT). All three have a very fast price increase performance.

The skyrocketing price of altcoins was driven by Ethereum which managed to break through the new all-time high of 4,000 US dollars. This gives EOS momentum. EOS is predicted to increase by up to 76 percent based on a report from Forex.

In addition, the EOS community is also reportedly working on improving staking prizes. These efforts could be a further development within the EOS network.

The skyrocketing price of EOS in recent days is quite impressive. At the same time, the prima donna of Bitcoin cryptocurrency is in decline. BTC dominance continues to wane amid the rise of altcoins.