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While the crypto market is in a corrective phase, EOS is showing somewhat bullish sentiment. Due to considerable purchasing interest, the EOS coin reached a monthly high this week.
EOS is the market's most scalable, divisible, and programmable digital currency. EOS is a Delegated Proof of Stake (DPoS) network where stakeholders have the authority to select node operators. Due to the decentralized nature of the token distribution on EOS, power doesn't reside in the hands of block miners, but rather all parties involved in the EOS Network.
However, the EOS token remains in the green zone by more than 7.5% on the weekly price scale. The bulls are witnessing a bullish weekend in line with the previous weekly close. Meanwhile, the coin is trading at the $1.4 mark at the time of writing against USDT.
The EOS Network is attractive because of its technology and community. It allows developers to build projects that other blockchains cannot support. The network is straightforward and has multiple tools and educational resources to help users acclimate to the blockchain.
The blockchain launched back in June 2018.
EOS Altseason Price Targets. EOS Price Prediction And Chart Analysis 2024
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