EOS was developed by Block.one, a blockchain -based decentralization system that enables the development of hosting and implementation of commercial -scale decentralized applications (dApps) on its platform.
Its establishment focuses on development flexibility and network scalability. Not only that, EOS is also user -friendly and business -friendly for those interested in building dApps, thus appearing as a competitor to a conventional blockchain like Ethereum.
In early May, Block.one launched a project called ‘Bullish Global’.
1/https://t.co/LgcclYBd6L and prominent investors launch Bullish Global with $ 10B in funding, and announce the 2021 launch of new cryptocurrency exchange, Bullish. https://t.co/1WPcIJryZD
- block.one (@block_one_) May 11, 2021
Bullish Global is focused on 2021 to launch its own cryptocurrency exchange product, Bullish Exchange, which is based on the latest blockchain designed to combine user performance and privacy.
Next, looking at the EOS/USDT price movement chart, the EOS price seems to be trying to break the SBR (support become resistance) zone around $ 7.0-7.6.
If the price movement is able to break through the zone, the next SBR level around the price of $ 8.8- $ 9.5 will be the focus level for investors to test before making a higher jump.
But if the EOS price movement shows a bearish trend, the previously reached $ 4.0 support level will be tested again before signaling whether the zone is able to support a more drastic price spike again.
At the time of writing, the EOS is trading at $ 6.4 with a 24 -hour trading volume of $ 2,088,558,999. The coin is currently ranked 23rd in the crypto market.
