Eos stabilizes after volatile 2018 start
Cryptocurrencies got off to a rocky 2018 start, with most currencies seeing moderate to substantial fluctuations in their values. Eos was no different, dropping and gaining momentum in early-year trading. Now, the 10th largest cryptocurrency seems to be on the rebound, and is up to more than $14.
At the beginning of the year, Eos traded as high as $12 before dropping just over $3 to $8.94. There seems to now be a bullish attitude toward the coin, driving the value back up. A short dip to $9.60 was welcomed by investors, who took advantage of the price to make substantial purchases. Eos is currently valued at $10.53, a 15% increase over the previous day's trading. Its trading volume has reached almost $1.5 billion, and is becoming a favorite by those looking to diversify their cryptocurrency investment portfolios.
Most cryptocurrencies saw declines following the decision by CoinMarketCap.com to quit tracking South Korea prices. Eos, which launched in June of last year, is a favorite among South Korean cryptocurrency fans. When it was introduced, it immediately picked up $150 million through its Initial Coin Offering, which is still underway and to date has brought in $700 million. Eos has a market cap of a little more than $8.7 million and a circulation of 598,946,183 coins out of the total 1 billion supply.