EOS In the last few days, the value of the coin has seen an upsurge as investors are looking towards the integration of the Ethereum Virtual Machine and potential business deals. Hong Kong. The coin recorded a high of $1.23, higher than the last week’s low of $0.90.
Launch of Ethereum Virtual Machine in EOS
The Most important EOS news is the decision of the developers to incorporate Ethereum Virtual Machine (EVM) into the system. EVM is a software that executes smart contracts. Ethereum’s network. It The state of the computer can be calculated Ethereum Every block is added to the network.
This EOS is proud to feature this capability as it ensures that the dApps created in its domain are compatible with those made in Ethereum. Ethereum It is the major smart contract platform in the world. This integration shall be beneficial for both developers and users.
This It is why other top chains have been launching EVM capabilities. In MarchIOTA is a popular platform. Zilliqa, Filecoin, and Cardano are also in the process of integrating EVM capabilities.
The A tweet by is another reason EOS price is on the rise. Yves La RoseThe CEO of the EOS Foundation. In He mentioned that he was travelling to Hong Kong For a nine-day business trip. He Also, he indicated that he would speak with officials to discuss how EOS can be included in the economy.
Heading To Hong Kong This weekend! 🇭🇰✈️
During My 9-day journey, I’ll Be working out of the @EOSNFoundation‘s HK Office and Attending 20+ Events
One One of my main goals is to collaborate with HK government officials in order to figure out how to make Hong Kong more prosperous. $EOS They can play an important role in their future.
— Yves La Rose (@BigBeardSamurai) April 5, 2023
The EOS faces the biggest danger because its system is still small, even though it has raised over $4 billion in its Initial Coin Offering (ICO). FurthermoreThe industry is getting more competitive, with some of its top names in the industry. Polkadot Avalanche.
EOS Price Prediction
The Daily chart shows that EOS cryptocurrency value is in a bullish trend over the past few days. During this period, the coin moved above both the 50-day and 25-day moving averages. The A cup and handle pattern has formed, which is usually a sign of bullishness. It In addition, a rising wedge pattern has been created. This is often a bearish indication.
ThereforeThe outlook for the coin at this point is uncertain. If the coin goes beyond $1.3362 (the highest point), then a bullish outlook can be affirmed. March 3. A drop below $1.10 support will invalidate the bullish view.
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The The EOS price has been increasing since then: Here are some possible explanations. CoinJournal.