EOS (EOS) Trading Down 20.4% Over Last 7 Days

EOS (EOS) traded up 2.3% against the US dollar during the 24 hour period ending at 21:00 PM Eastern on August 5th. One EOS coin can now be purchased for about $0.46 or 0.00000824 BTC on popular exchanges. EOS has a total market capitalization of $972.27 million and approximately $260.86 million worth of EOS was traded on exchanges in the last day. In the last seven days, EOS has traded down 20.4% against the US dollar.

Here is how similar cryptocurrencies have performed in the last day:

• TRON (TRX) traded 0.6% lower against the dollar and now trades at $0.12 or 0.00000218 BTC.
• BitTorrent-New (BTT) traded down 1.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Tezos (XTZ) traded 1.7% higher against the dollar and now trades at $0.65 or 0.00001148 BTC.
• Terra Classic (LUNC) traded 5.4% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 0.9% higher against the dollar and now trades at $0.35 or 0.00000627 BTC.
• Terra (LUNA) traded up 1.6% against the dollar and now trades at $0.30 or 0.00000540 BTC.
• Lisk (LSK) traded up 5.6% against the dollar and now trades at $0.80 or 0.00001416 BTC.
• USDX [Kava] (USDX) traded up 0.1% against the dollar and now trades at $0.80 or 0.00001419 BTC.
• Ark (ARK) traded 4.1% higher against the dollar and now trades at $0.29 or 0.00000520 BTC.

About EOS

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

EOS/USD price chart by TradingView