EOS was one of the names that attracted attention in the crypto money market with its rise on the market. The 24-hour volume of EOS on domestic exchanges such as Paribu and BtcTurk exceeded 222 million TL. Why did EOS coin rise, increase?
Why Did EOS Coin Rise?
According to CoinGecko data EOS coins , has experienced an increase of 7.5 percent in the last 24 hours. At the time of writing, EOS is trading at $1.40. In fact, the bullish rally of EOS has been going on for a while. One of the reasons for this is seen as a recent tweet by Yves La Rose, CEO of the EOS Foundation.
Rose said in his tweet that EOSIO would undergo a brand change that could lead to an EOS hard fork.
This week we are revealing the highly anticipated EOSIO rebrand, and next month, $EOS will activate its v3.1 consensus upgrade (hardfork).
🧵 Here’s what you need to know about #TheNewEOS. 🧵
— Yves La Rose (@BigBeardSamurai) August 15, 2022
The hard ford made will bring an upgrade to the existing EOS ecosystem. He pointed out that the hard fork is vital to unify all the chains running on the EOSIO network.
Normally, a hard fork can lead to a split in the chain, with EOS holders receiving the same amount of tokens from the splits. However, it has not been confirmed for now whether a new token will be released from the event, which is planned to be held in September.
Ethereum Merge is one of the hottest topics in the cryptocurrency market lately. With the realization of Merge, an increase in ETH price is also expected. Just like Merge, the EOS hard fork seems to have been an explanation that affected the price increase.
The increase of EOS is not only in price. According to DefiLama data, the total locked value has also increased by 5.6 percent.
You can follow the current status of EOS below:
