Quick News : TimeCoin’s Special Token Sale


EOS Surpasses Litecoin To Appear On The Fourth Position

It is after weeks of back and forth EOS surpassed its competitor coins and confirmed its position among the top 4 cryptocurrencies in global market.

On February 12 EOS pushed its competitor coins to appear among top 4 cryptocurrencies in global market. This recent price bump pushed EOS up by 7% over the past 24 hours. Hence, resulting in coin breaking into four of coin market and accompanying the likes of Bitcoin[BTC], Ethereum[ETH] and XRP.

Advertisement header-banner-ad

The cryptocurrency Litecoin has seen a 30% increase on Feb 8. This coin makes way for the bullish EOS, as the market cap of Litecoin is trailing EOS by $40 million in this race. Along with EOS and Litecoin, Bitcoin Cash also held the 4th position for a long time and is now on the sixth position after Litecoin.

No doubt, EOS has truly made up its January slump which saw the coins price getting slashed from $2.95 to $2.25 which is a 23.72% price decline within a span of 4 days between Jan 10 and Jan 14. During this bearish period, this coin’s market cap fell from $2,67 billion to $2 billion resulting in the coin closing the month off with a market cap of $2.103 billion. Also, by the end of January, EOS was neck-to-neck with Bitcoin Cash in terms of market capitalization.

But February was a good kick start for EOS as the coin’s price was consistently rising by 18.37% from $2.34 to $2.77 with the market cap crossing above the $2.4 billion mark. On February 12, there was a massive increase in price upto 7 % against US dollar. Hence pushing the coin to $2.95 from $2.78 a few hours earlier. This collective increase saw EOS overtake Litecoin only 6 days after the coin overtook 3 coins in succession to take the fourth spot.

Litecoin Trading

Litecoin’s increase against US dollar is nowhere when compared to EOS. LTC price has shot up by 0.63% and the coin is currently priced at $43.68 with a market cap of $2.64 billion.

Bitcoin Cash Trading

Bitcoin Cash is now trading on the sixth position on the global coin ladder. On Feb 8 Bitcoin Cash fell out of fourth position after EOS and Litecoin went through double-digit surges. During the press time the BCH rise against the US dollar by 2.25%, pricing at $123.09 being the third highest gainer in top-10 after EOS and Litecoin.

Top 10 analysis

Will EOS surpass Ripple? Share your thoughts on our Twitter and Facebook pages.

Show More

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button