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EOS, which was the sixth most important cryptocurrency last week, net of Stablecoin Tether (USDT) and Stellar (XLM), surpassed Stellar with a 35% price hike of $ 1.94 to $ 2, 62. EOS is currently 4th largest cryptocurrency by market capitalization despite the negative retracement from $ 2.62 to $ 2.49 at the time of writing.
The rest of the top ten coins also gained bullish momentum, with EOS, Ripple's XRP and Stellar's XLMs leading the rise with double-digit earnings.
As Chepicap explains, EOS has remained steady in its gains in the last week, making it several times in the list of major gainers.
Apparently investors are leading the last EOS rally after carefully examining the blockchain project's decision to launch their long-planned referendum system.
The EOS referendum is a step forward towards building a democratic decision-making process. Although not everyone is enthusiastic about the proposal, the ad seems to have a strong bullish effect on the symbolic EOS value.
The news that EOS will be included in the list of 30 cryptocurrencies that reach the Coinbase platform, most likely added to the day's bullish sentiment.
In the long run, EOS is trying to exceed the $ 4.00 position. Given that the currency is struggling to stay above the halfway mark, exceeding $ 4.00 remains a prospect for 2019.
XRP
It continues to hold its position as the second largest cryptocurrency of the XRP with a 13% surge in the last 24 hours. It currently stands at $ 0.32 at the time of writing and has a market capitalization of over $ 13.325.690,900. Last week, Ripple's XRP token nearly hit the four-cent mark, but it did not last long as it returned to $ 0.28 during the strong bear market grip.
XRP works hard on decoupling from bitcoins. The main development that has to happen because decoupling comes down is greater liquidity of the XRP token due to greater direct exposure to XRP / fiat pairs and also to basic trading pairs that use XRP. It currently has more than 300 pairs in which XRP is the basic trading token on exchanges:
We have 300 $ XRP couples and counting !!! pic.twitter.com/sQSefwozAG
– Elie Jeanlouis 📽🎬 (Melanated Ventures) (@ElieJlouis) December 17, 2018
XRP also continues to dominate the social media arena, winning the polls right and left. The most recent is a poll by Julian Hosp, co-founder of TenX who asked his followers if they liked the BTC or the XRP more:
– Dr. Julian Hosp (@julianhosp) December 17, 2018
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The writers and authors of CapitanAltcoin may or may not have a personal interest in any of the projects and activities mentioned. None of the contents on CaptainAltcoin is an investment advice, nor does it replace the advice of a certified financial planner.
The opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
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