EOS (EOS) Price Reaches $0.56 on Exchanges

EOS (EOS) traded 5.8% higher against the US dollar during the 1-day period ending at 18:00 PM E.T. on August 23rd. One EOS coin can now be purchased for $0.56 or 0.00000863 BTC on popular exchanges. EOS has a total market cap of $1.17 billion and approximately $109.28 million worth of EOS was traded on exchanges in the last day. During the last week, EOS has traded up 13.3% against the US dollar.

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

• TRON (TRX) traded 1.9% higher against the dollar and now trades at $0.16 or 0.00000245 BTC.
• BitTorrent-New (BTT) traded up 1.8% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Tezos (XTZ) traded up 6.6% against the dollar and now trades at $0.74 or 0.00001148 BTC.
• Terra Classic (LUNC) traded 7.1% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• aelf (ELF) traded 5.4% higher against the dollar and now trades at $0.42 or 0.00000654 BTC.
• Terra (LUNA) traded 6.9% higher against the dollar and now trades at $0.37 or 0.00000577 BTC.
• Lisk (LSK) traded 7.4% higher against the dollar and now trades at $0.93 or 0.00001445 BTC.
• USDX [Kava] (USDX) traded 3.2% lower against the dollar and now trades at $0.78 or 0.00001212 BTC.
• Ark (ARK) traded up 6.1% against the dollar and now trades at $0.36 or 0.00000555 BTC.

EOS Profile

EOS (CRYPTO: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. The official message board for EOS is eosnetwork.com/blog. EOS’s official Twitter account is @eosnetworkfdn and its Facebook page is accessible here. The official website for EOS is eosnetwork.com. 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 possible to buy alternative cryptocurrencies such as EOS directly using U.S. dollars. Investors seeking to acquire EOS should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy EOS using one of the aforementioned exchanges.

EOS/USD price chart by TradingView