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EOS price 12% High, Awaiting Block.one’s Major Announcement

The EOS community is very much delighted. You know why? Block.one, the emitter of EOS cryptocurrency, has said it will make a major announcement on June 1, calling the event ‘B1June’.

However, the EOS digital asset surged off to 12% price growth in the past 24 hours. Moreover, the crypto is up by almost 40% in the past week,  surging ahead than most of the other digital assets.

According to some reports, Block.one is going to launch a social media platform through EOS to rival Twitter.

The CryptoGlobe reporters earlier this month noted that Dan Larimer, Block.one’s CTO, gave a clear hint to the launch of an EOS-enabled social media site. Larimer made comments on Telegram like “We will not collect data like Facebook does”, “We will not sell data to advertisers,” among other quips.

There is another good news, Tether recently revealed that it is going to launch its stablecoin on the Block.one-backed blockchain, after the successful launches of USDT on Ethereum and Tron.


EOS performance

EOS is now supported on Coinbase’s consumer platform.  Millions of users of the platform, can now be able to purchase, trade and store the  the fifth largest crypto asset in circulation.

This news came just two months after Coinbase Pro, revealed that it would be listing three crypto assets, Augur (REP), and Maker (MKR), and the EOS.

All the top ten crypto assets are performing well today. However, EOS has outperformed other coins along  with Tron’s TRX . The Tron community is expecting a news, after Justin Sun has also promised to make a major announcement on June 1.

eos chart

At the time of writing, the price of EOS was $8.36USD with 24-hr volume at $2,044,838,589 USD. The market price is $7,673,107,997 and circulating supply is 917,289,604 EOS .

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EOS price 12% High, Awaiting Block.one's Announcement
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EOS price 12% High, Awaiting Block.one's Announcement
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EOS price 12% High, Awaiting Block.one's Announcement and Tether is going to be launched on Block.one backed blockchain.
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David

David Kariuki is a journalist who has a wide range of experience reporting about modern technology solutions including cryptocurrencies. A graduate of Kenya's Moi University, he also writes for Hypergrid Business, Cryptomorrow, and Cleanleap, and has previously worked for Resources Quarterly and Construction Review magazines.

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