Cryptocurrency trader "Galaxy" has taken to Twitter to inform his followers that EOS, the seventh biggest cryptocurrency is on the verge of a possible price breakout. The token that underpins the first decentralized operating system is trading at $2.96, according to CoinStats data.
As reported by U.Today, the same trader noticed that Ripple's XRP registered a bullish MACD crossover on the weekly chart, which could lead to a mammoth-size price increase (up to 4,600 percent). As of now, XRP remains the only green coin in the sea of red.
The EOS price experienced a substantial price increase on Oct. 1, which was allegedly prompted by its $24 mln settlement with the US Securities and Exchange Commission (SEC). The fine was deemed by many as a slap on the wrist for EOS given that Block.one's ICO managed to rake in a staggering 4.1 bln in 2018.