EOS Price Down 7% This Week (EOS)

EOS (EOS) traded 7.1% higher against the U.S. dollar during the 24-hour period ending at 8:00 AM E.T. on May 2nd. In the last seven days, EOS has traded down 7% against the U.S. dollar. One EOS coin can now be purchased for approximately $0.80 or 0.00001354 BTC on exchanges. EOS has a total market capitalization of $896.47 million and $154.88 million worth of EOS was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• TRON (TRX) traded up 2.7% against the dollar and now trades at $0.12 or 0.00000208 BTC.
• BitTorrent-New (BTT) traded 3.7% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Tezos (XTZ) traded up 2.1% against the dollar and now trades at $0.92 or 0.00001570 BTC.
• Terra Classic (LUNC) traded up 3.4% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded up 4.2% against the dollar and now trades at $0.57 or 0.00000963 BTC.
• aelf (ELF) traded 8.8% higher against the dollar and now trades at $0.55 or 0.00000942 BTC.
• Lisk (LSK) traded up 10.6% against the dollar and now trades at $1.82 or 0.00003087 BTC.
• Ark (ARK) traded 4% higher against the dollar and now trades at $0.75 or 0.00001266 BTC.
• USDX [Kava] (USDX) traded up 0.3% against the dollar and now trades at $0.82 or 0.00001395 BTC.

EOS Coin Profile

EOS (CRYPTO: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 1,124,703,218 coins and its circulating supply is 1,124,710,967 coins. The official website for EOS is eosnetwork.com. EOS’s official Twitter account is @eosnetworkfdn and its Facebook page is accessible here. 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.”

Buying and Selling EOS

It is usually not currently 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, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy EOS using one of the aforementioned exchanges.

EOS/USD price chart by TradingView