chepicap.com
The cryptocurrency market has seen a positive shift today as fiat has been flowing into the market allowing the market cap to take some distance from the $100 billion mark. The star of this sudden bullish rise today is EOS, which jumped to the 4th place and takes home the win as the biggest gainer among the crypto top 10.
The biggest gainer in the top 10 overtook both Stellar Lumens and Tether.
At the time of writing, EOS was growing by a staggering 21.67% on the 24-hour chart. The cryptocurrency was trading for $2.37 with a total market cap of $2,1 billion.
EOS has stayed consistent in its gains over the past week, making it to the list of biggest gainers several times.
Apparently investors are driving the latest EOS rally after looking closely at the blockchain project’s decision to launch their long-planned referendum system.
The EOS referendum is one step closer to building a democratic decision-making process. Even though, not everybody is thrilled with the proposal, the announcement itself seems to have a strong bullish effect on the EOS token value.
The news that EOS will be included in the list of 30 cryptocurrencies coming to the Coinbase platform, most likely added to the bullish sentiment of the day.
Read more: Green on the top 100 coins, market cap drifts away from $100BN
Calling the bottom and the start of a bull run might be too optimistic, but it is never too early to call for a Christmas miracle, right?
Bull run incoming? #ChristmasHODL pic.twitter.com/FGrCALLTlo
— Tom Wade (@TomWade) December 17, 2018
Read more: Is the bottom in? BTC longs slowly increasing
What do you think? Is a bull run near? Let us know in the poll below.