The EOS Network announced the establishment of the Vaulta Banking Advisory Board. This development caused the price of EOS to increase by 16 %in the last 24 hours and reached the highest level of two months. Thanks to this rapid rise, the market value of Altcoin EOS has exceeded $ 1 billion for the first time since mid -February.
VAULTA BANKING UPDATE EOS FIXED THE PRICE
Introduced by the EOS Network last month, the Vaulta Banking feature continues to have a positive impact on the EOS Token. In the last seven days, the price of EOS has increased as 40 %, and developments in the ecosystem increase the trust of investors. Vaulta attracts attention as a platform aiming to connect the traditional banking sector and the web3 world. The fact that traditional financial institutions such as Blackrock are increasingly involved in the crypto area shows that such vehicles may have a great potential to adopt.
EOS announced that the Vaulta Banking Advisory Board has been established and said, ik We have brought together experienced leaders in banking, fintech and digital assets to establish a bridge between traditional finance and web3. This strategic guidance will ensure that Vaulta’s compliance, reliability and wide masses. ” He said. In addition, Vaulta’nın, portfolio investments such as real estate and commodity real world assets (RWA) will be carried to the world of web3 said. These developments enabled EOS to come to the fore in the crypto currency market, which was generally declined.
Technical Altcoin Analysis: Has EOS switched into bull trend?
Over the last seven days, the stable rise and increased purchase volume observed in the price of EOS have broken the end of a decreasing parallel channel. This breakage may indicate that the EOS price trend is transformed from the bear market to the bull market.
The relative power indicator (RSI) is 77. This may indicate that the EOS is approaching the extreme purchase zone and that there may be a short -term correction. However, the increase in the oriented motion index (ADX) indicates that the bull momentum is strengthened. These technical signals indicate that the price of EOS has more space for rise. Experts predict that the price can see $ 1.05, which corresponds to 227.2 %Fibonacci level.
The funding ratio map provided by CoNSS shows that an intensive Short position is taken on the EOS Token. As of now, the funding rate of EOS is at 277%. This shows that they are willing to pay a high funding fee to protect the positions of investors in the sales position.
