- EOS price is up by 20%, a day after the G20 summit; G20 will not regulate cryptocurrencies.
- EOS immerges as the strongest cryptocurrency in the last 24 hours.
EOS is the best performer among the top ten coins in the market on Tuesday. The cryptocurrency is up by 20% just a day after the G20 summit. The upside momentum was initiated the day before the summit on March 18 when the chair of the Financial Stability Board (FSB), Mark Carney, wrote a letter to the G20 central banks and finance ministers to emphasize the financial watchdog will not be regulating cryptocurrencies. Besides, the letter went further to note that the body does not find crypto a risk to the financial industry.
EOS has immerged as the strongest cryptocurrency in the last 24 hours recording a double-digit rise. The price sharply ascended during trading on Tuesday morning to highs of $6.61 from lows of $4.5. In just two hours EOS/USD was fighting its way to cross above the $6.000 mark.
The price has, however, consolidated towards the 50-simple moving average. The 100-simple moving average is in an upward sloping trend and is acting as a support line at $5.400. EOS market capitalization stands at $4.38 billion while the trading volume in the last 24 hours is $821 million.
EOS/USD price hourly chart
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