Tanya Abrosimova
Independent Analyst
EOS/USD has settled in a new range.- Bitfinex launches a trading platform based on EOS technology.
EOS/USD has settled in a new range limited by $4.25 on the downside and $4.40 on the upside. The coin has gained over 17% in recent seven days to become of the best-performing coins on a weekly basis. A strong positive momentum helped the coin to surpass Litecoin and move up to the fourth place in CoinMarketCap’s rating.
What’s going on
While the initial rally was triggered by intriguing comments from EOS CTO Dan Larimer, a steady flow of positive marco news helped the coin to retain the position above $4.00 handle and improve its short-term technical picture.
Thus, recently, cryptocurrency exchange Bitfinex announced the launch of EOSIO-based trading platform Eosfinex
“Today’s launch of eosfinex brings unparalleled opportunity to innovate within EOS and to pioneer research within security, performance and scalability. We couldn’t be more excited for what’s to come,” - the announcement on Twitter says.
Initially, the platform will operate in a so-called “paper mode”, which means that users will be able to experiment with the new environment and test their strategies. No real asset trading is involved at this stage.
“Developed by the Bitfinex team, eosfinex combines the scalability and speed of EOS with Bitfinex’s industry-renowned expertise to deliver a fast, transparent and secure platform for digital asset trading. eosfinex brings all core exchange components on-chain, including order books, matching engine and custody solutions,” the company added in a dedicated blog post.
EOS/USD, 4H chart
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Shiba Inu eyes positive returns in April as SHIB price inches towards $0.000015
Shiba Inu's on-chain metrics reveal robust adoption, as addresses with balances surge to 1.4 million. Shiba Inu's returns stand at a solid 14.4% so far in April, poised to snap a three-month bearish trend from earlier this year.
AI tokens TAO, FET, AI16Z surge despite NVIDIA excluding crypto-related projects from its Inception program
AI tokens, including Bittensor and Artificial Superintelligence Alliance, climbed this week, with ai16z still extending gains at the time of writing on Friday. The uptick in prices of AI tokens reflects a broader bullish sentiment across the cryptocurrency market.
Bitcoin Weekly Forecast: BTC consolidates after posting over 10% weekly surge
Bitcoin price is consolidating around $94,000 at the time of writing on Friday, holding onto the recent 10% increase seen earlier this week. This week’s rally was supported by strong institutional demand, as US spot ETFs recorded a total inflow of $2.68 billion until Thursday.
XRP price could renew 25% breakout bid on surging institutional and retail adoption
Ripple price consolidates, trading at $2.18 at the time of writing on Friday, following mid-week gains to $2.30. The rejection from this weekly high led to the price of XRP dropping to the previous day’s low at $2.11, followed by a minor reversal.
Bitcoin Weekly Forecast: BTC consolidates after posting over 10% weekly surge
Bitcoin (BTC) price is consolidating around $94,000 at the time of writing on Friday, holding onto the recent 10% increase seen earlier this week.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.