EOS Price Hits $0.55 (EOS)

EOS (EOS) traded 11.4% lower against the U.S. dollar during the 1 day period ending at 11:00 AM E.T. on June 18th. Over the last week, EOS has traded down 18.2% against the U.S. dollar. One EOS coin can currently be purchased for about $0.55 or 0.00000849 BTC on popular exchanges. EOS has a total market capitalization of $1.15 billion and $241.47 million worth of EOS was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed over the last day:

• TRON (TRX) traded down 1.9% against the dollar and now trades at $0.11 or 0.00000177 BTC.
• BitTorrent-New (BTT) traded down 5.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Tezos (XTZ) traded down 5.5% against the dollar and now trades at $0.72 or 0.00001115 BTC.
• Terra Classic (LUNC) traded 4.6% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded 10.9% lower against the dollar and now trades at $0.43 or 0.00000664 BTC.
• aelf (ELF) traded up 10.6% against the dollar and now trades at $0.39 or 0.00000598 BTC.
• Lisk (LSK) traded 7.5% lower against the dollar and now trades at $0.97 or 0.00001497 BTC.
• Ark (ARK) traded down 13.3% against the dollar and now trades at $0.62 or 0.00000963 BTC.
• USDX [Kava] (USDX) traded 0.4% higher against the dollar and now trades at $0.82 or 0.00001266 BTC.

EOS Coin Profile

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

EOS Coin Trading

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

EOS/USD price chart by TradingView