ambcrypto.com
The cryptocurrency market has seen a rapid shift in the sentiment as most of the coins on the charts are seeing a bullish rise. This includes popular cryptocurrencies like Bitcoin [BTC], XRP and EOS. The star of the sudden bullish rise that occurred today, December 17 is EOS, which has been the biggest gainer among the top ten cryptocurrency club. The price hike also saw the cryptocurrency climb to the fourth position on the charts, overtaking both Stellar Lumens [XLM] and Tether [USDT].
At the time of writing, EOS was growing by a staggering 21.33% on the 24-hour chart and 7.46% on the one hour chart. The cryptocurrency was trading for $2.36 with a total market cap of $2.137 billion. A majority of the cryptocurrency’s $855.539 million market volume was held by OKEx, which controlled 11.68% of the total EOS trade. OKEx was closely followed by DOBI trade, with the Chinese exchange holding almost $76.222 million worth of EOS.
EOS has been a consistent gainer over the past one week, with the cryptocurrency making it to the list of biggest gainers almost every single time. EOS’ sudden growth started when the coin’s price was moving sideways at $1.98, after which it saw a rapid increase to $2.4.
EOS was last in the news for updates when Coinbase had announced that EOS would be included in the list of 30 cryptocurrencies coming to the platform. Coinbase had stated:
“As we announced in September, Coinbase’s goal is to offer support for all assets that meet our standards and are fully compliant with local law. Over time, we intend to offer our customers access to greater than 90% of all compliant digital assets by market cap.”
The assets which are to be listed on Coinbase is planned to be evaluated against their Digital Asset Framework to check if the assets fall under the regulatory framework. Coinbase’s blog further said:
“Our listing process may result in some of these assets being listed solely for customers to buy and sell, without the ability to send or receive using a local wallet.Finally, as per our listing process, we will add new assets on a jurisdiction-by-jurisdiction basis, which allows us to add assets efficiently and responsibly.”