EOS Price Hits $0.49 (EOS)

EOS (EOS) traded up 1.5% against the U.S. dollar during the twenty-four hour period ending at 18:00 PM ET on October 19th. In the last seven days, EOS has traded up 2.6% against the U.S. dollar. One EOS coin can currently be purchased for about $0.49 or 0.00000718 BTC on exchanges. EOS has a market capitalization of $745.58 million and approximately $46.95 million worth of EOS was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed in the last day:

• TRON (TRX) traded 1.1% lower against the dollar and now trades at $0.16 or 0.00000230 BTC.
• BitTorrent-New (BTT) traded down 0.4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Tezos (XTZ) traded 0.1% lower against the dollar and now trades at $0.69 or 0.00001009 BTC.
• Terra Classic (LUNC) traded 0.4% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 0.6% higher against the dollar and now trades at $0.39 or 0.00000564 BTC.
• Terra (LUNA) traded 0.8% higher against the dollar and now trades at $0.37 or 0.00000543 BTC.
• Lisk (LSK) traded 1.2% higher against the dollar and now trades at $0.83 or 0.00001216 BTC.
• Ark (ARK) traded up 1.3% against the dollar and now trades at $0.59 or 0.00000861 BTC.
• USDX [Kava] (USDX) traded up 3.9% against the dollar and now trades at $0.67 or 0.00000979 BTC.

About EOS

EOS is a distributed proof-of-stake (dPOS) coin that uses the DPoS hashing algorithm. Its launch date was June 26th, 2017. EOS’s total supply is 2,100,000,000 coins and its circulating supply is 1,521,966,475 coins. The Reddit community for EOS is https://reddit.com/r/eos and the currency’s Github account can be viewed here. EOS’s official Twitter account is @eosnetworkfdn and its Facebook page is accessible here. EOS’s official website is eosnetwork.com. The official message board for EOS is eosnetwork.com/blog.

According to CryptoCompare, “EOS is a decentralized platform for developing and executing decentralized applications. The platform is designed to solve scalability and usability issues that exist in many blockchain-based systems. EOS features a delegated proof-of-stake consensus algorithm that allows token holders to vote for block producers. The EOS token is the native cryptocurrency of the EOSIO blockchain platform, and it is used to power the EOSIO software and pay for transaction fees and resources on the network. EOS was created by Dan Larimer, the founder of other blockchain-based platforms such as Bitshares and Steem, and developed by Block.one, a company based in the Cayman Islands.”

Buying and Selling EOS

It is usually not possible to buy alternative cryptocurrencies such as EOS directly using US dollars. Investors seeking to acquire EOS should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy EOS using one of the exchanges listed above.

EOS/USD price chart by TradingView