NEWS
EOS Breaks $10 Barrier and is Pushing Back

2018-02-20 22:05:20
by Saffron Weale
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EOS Breaks $10 Barrier and is Pushing Back

EOS (the Latin word for Dawn) is breaking new horizons – or trying to. In a brief blaze of glory on January 13th the price reached US$17.92, but in the market crash that followed it had dropped back by February 6th to $5.85. On February 18th and again on February 20th it topped the ten dollar mark, and is one of the many tokens showing a positive recovery this week.

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EOS had originally planned to launch its Dawn 2.0 release at the end of December, but was obliged to push this date back to April 12th. The full EOS.IO blockchain will now be launched in June, although the testnet version is already live. Subsequent moves on the part of the company have helped to strengthen its market position, notably a partnership announced on February 16th with Bancor, so that EOS can now be traded on that platform\'s exchange.

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Another partnership announced in February, with Bitfinex, will take the project further. Although EOS has been traded on the Bitfinex digital asset exchange since last July, the two companies are launching a joint project to be built on the EOS.IO blockchain, called EOSfinex. EOS currently trades its tokens on the Ethereum blockchain to fund the EOS.IO project development.

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