EOS Price Pumping Ahead of Block.One’s Major Announcement

  • Yuri Molchan
    📰 News

    Earlier this week, Block.One has mentioned that on June 1 a major announcement would be made, EOS price is already surging


EOS Price Pumping Ahead of Block.One’s Major Announcement
Contents

Previously, this week U.Today reported that Block.One, the emitter of EOS cryptocurrency, promised to make a major announcement on June 1.

Today is the day. EOS price is pumping.

What is Block.One up to?

Recently, Block.One has started a buyback of its shares, showing a major confidence in its future projects. Mike Novogratz and his Galaxy Digital fund were among the investors who sold its Block.One stock back to the issuer.

Also, it was reported that Block.One had acquired a trademark MEOS, which is most likely to be for a decentralized social media platform that company is building.

The website set up specially for the announcement has been promising to reveal it on June 1, which is today.

Today, Dan Larimer, one of Block.One co-founders has reminded the community about the coming announcement in his Twitter handle.

The crypto community is very excited about that, filling the comment thread with positive expectations.

https://twitter.com/bytemaster7

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EOS soars 12 percent

Ahead of the promised announcement, EOS price is spiking. At press-time, the coin has risen by over 12 percent and is trading at $8.31.

CoinMarkerCap.com
CoinMarkerCap.com

All the top ten crypto assets are rising today, enjoying the sea of green. However, EOS is the best performing coin so far, closely followed by Tron’s TRX (+11.18 percent). The obvious reason is that Justin Sun has also promised to make a major announcement on June 1.

CoinMarkerCap.com
CoinMarkerCap.com
Cover image via u.today
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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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Ripple’s XRP Is on the Cusp of Major Breakout

  • Alex Dovbnya
    📰 News

    ⚡🕓 XRP has so far shown a rather underwhelming performance in 2019, but the upcoming weeks look very promising 🔮👀


Ripple’s XRP Is on the Cusp of Major Breakout
Contents

Cryptocurrency trading expert claims that XRP investors should be ready for big gains as technical indicators look very bullish for their favorite remittance token.

The XRP price is currently sitting at $0.43, and the $0.45 resistance level seems very hard to surpass.

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Another rally is just around the corner

As reported by U.Today, XRP got a major boost after it was announced that it would be used by MoneyGram for conducting cross-border payments.

Ripple acquired 10 percent of the MoneyGram, making its shares spike by an eye-popping 150 percent.

After the MoneyGram hype died down, XRP experienced a slight setback, but another price surge seems imminent.

The traders are about to witness a major breakout confirmation in the form of a golden cross. Once XRP forms this bullish pattern, the sky's the limit – it could go as high as $3.30, thus retesting its current ATH.

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XRP will follow Bitcoin

The analyst also points out that XRP’s future breakout could be accelerated by another upward move on Bitcoin’s side.

The number one cryptocurrency has recently reached $9,400 for the first time in more than 13 months, and it is currently vying to reach $9,500, another major support level before hitting $10,000.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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