It’s https://www.investdiva.com/ ‘s Kiana Danial with NewsBTC and here is your cryptocurrency update. EOS made yet another stunning bullish move on Wednesday, after days of consolidation which followed its rallies in March. The 30% surge helped EOS/USD test above the 61% Fibonacci retracement level of $7.4, as well as the lower band of the daily Ichimoku cloud. With this, EOS became the leader of an otherwise partially bullish cryptocurrency market. The reason behind this specific surge is not clear as of yet. However, EOSIO has been making exciting announcements in the past few weeks. On April 6th, first feature-complete pre-release of EOSIO, Dawn 3.0 was announced, presenting scalability and Inter-Blockchain Communication features as some of its key elements of its blockchain infrastructure. On the same day, Block.one, the developer of the EOSIO software, signed a $200m joint venture partnership to accelerate EOSIO’s ecosystem development. This was the fourth injection of capital through Block.one’s EOS VC initiative which now totals 600m USD. Michael Cao, the founder of a blockchain mining facility in the United States and prominent investor in key blockchain infrastructure throughout the world is one of the other partners, who is convinced that the speed, scalability, and usability of the EOSIO open-source platform will enable rapid and radical innovations. With a market cap of just over $6b, EOS is the 6th largest cryptocurrency trailing behind Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin. Its token price is currently supported at $5.7 and $4.3 respectively, as it aims to reach the 50% Fibonacci resistance of $9.6. A break above the daily Ichimoku cloud could open doors to further gains towards $11.71. Thanks for watching, invest responsibly, and I’ll see you with more updates next time.
Related Post:
- Golem (GNT)Tests Above Ichimoku Cloud While the Rest of Cryptocurrency Market Slides
- IOTA Leads Market Gains, Breaks Through Ichimoku Cloud
- XRP Above Ichimoku Cloud as Ripple Signs Deal with UAE Exchange – NEWSBTC 02/12/2018
- XRP Breaks Above Ichimoku Cloud as Ripple Gives Token Away for People to Use it
- Cardano ADA Price Analysis Using Ichimoku Cloud!!! – Bitcoin Trading Tips
- From Edge to Cloud: How Cloud IoT Core Is Supporting Industrial IoT at Scale (Cloud Next '19)
- Daily: Pfizer turns to Ethereum, Singapore bank tests blockchain for unbanked
- Easy Cryptocurrency Trading With The Pivot Reversal Strategy with Ichimoku Indicators
- Investment Strategy for Stellar Lumens (XLM) Using Fibonacci, Ichimoku
- Ichimoku Live At Five Cryptocurrency Edition 3 30 18
