EOS (EOS) Trading 6% Lower Over Last Week

EOS (EOS) traded 0.9% lower against the US dollar during the one day period ending at 16:00 PM Eastern on November 1st. In the last week, EOS has traded down 6% against the US dollar. One EOS coin can now be purchased for about $0.43 or 0.00000628 BTC on exchanges. EOS has a total market capitalization of $662.65 million and approximately $61.12 million worth of EOS was traded on exchanges in the last day.

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

• TRON (TRX) traded 0.4% lower against the dollar and now trades at $0.17 or 0.00000241 BTC.
• BitTorrent-New (BTT) traded down 1.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Tezos (XTZ) traded 0.6% lower against the dollar and now trades at $0.63 or 0.00000904 BTC.
• Terra Classic (LUNC) traded down 2% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded up 0.5% against the dollar and now trades at $0.35 or 0.00000506 BTC.
• Terra (LUNA) traded 0.3% lower against the dollar and now trades at $0.34 or 0.00000486 BTC.
• Lisk (LSK) traded 0.6% higher against the dollar and now trades at $0.77 or 0.00001114 BTC.
• Ark (ARK) traded down 2.7% against the dollar and now trades at $0.48 or 0.00000691 BTC.
• USDX [Kava] (USDX) traded down 0.7% against the dollar and now trades at $0.56 or 0.00000812 BTC.

About EOS

EOS is a distributed proof-of-stake (dPOS) coin that uses the DPoS hashing algorithm. It launched on June 26th, 2017. EOS’s total supply is 2,100,000,000 coins and its circulating supply is 1,524,663,926 coins. EOS’s official website is eosnetwork.com. The Reddit community for EOS is https://reddit.com/r/eos and the currency’s Github account can be viewed here. The official message board for EOS is eosnetwork.com/blog. EOS’s official Twitter account is @eosnetworkfdn and its Facebook page is accessible here.

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 currently possible to purchase alternative cryptocurrencies such as EOS directly using US dollars. Investors seeking to trade EOS should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase EOS using one of the exchanges listed above.

EOS/USD price chart by TradingView