EOS Price Suddenly Surged Nearly 30%

EOS is becoming the most attention-grabbing topic of the community on August 17 with a hot growth of nearly 30%, which is very rare in the past years.

The EOS community is really excited by the official information from the development organization behind the project – EOS Network Foundation (ENF) released on August 17 that the project will start innovating in the near future to the whole rebranding that comes with new features, bringing more usability to the platform.

At the time of writing, EOS price suddenly increased sharply after the above news and is trading at $1.6.

This can be seen as the biggest development since the project was taken over by ENF. In the past, despite being the biggest crowdfunding project in the crypto industry, up to $4.1 billion through ICO in 2017, it does not seem to bring any positive news.

The main reason stemming from the development company at the time was that Block.one abandoned the project. CTO Dan Larimer – who contributed greatly to building the project also announced his departure from Block.one. It was not until the end of 2021 that EOS really regained hope when ENF CEO Yves La Rose publicly criticized Block.one and called on the community to join hands with him to revive this project.

In terms of development, it can be affirmed that even though it has only been managing for less than a year, what ENF has done for the project is more remarkable than Block.one’s 4-year period.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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