Not much is happening across the cryptocurrency industry as of right now. Most currencies are seemingly stuck in a bit of sideways trading momentum, which can mean one of two things. In the case of the EOS price, it seems things are heading in the right direction, courtesy of a small gain over the past 24 hours.
EOS Price Surpasses $5.2
It is interesting to see how the EOS price is evolving over these past few hours. Although there does not appear to be much momentum to push the value much higher, its trading volume is increasing rapidly. Thanks to $625m in volume, the EOS price has surpassed $5.2 once again. This is an interesting trend, albeit it remains to be seen how long this will last.
With the EOS value noting this 2.23% increase, it is also the only top currency to note any real gains in the past few hours. It will be interesting to see if other coins follow this example prior to or during the weekend. If this trend remains in place, the EOS price will very well make its way to $5.5 over the next few days, albeit that will primarily depend on how the Bitcoin price evolves in the coming days.
Even though the EOS price momentum appears to be turning a bit bullish, there are some doubts among cryptocurrency enthusiasts. A recent Hacker Noon article claims the EOS core protocol development may have been outsourced. Although that in itself would not necessarily be a big problem, it would certainly put a different spin on how the project is perceived as a whole.
In more positive news, it would appear a new smart contract security auditing platform for EOS has gone live. The project is known as EOSpark SEC, and will offer a lot of expertise when it comes to smart contracts and applications making use of EOS’ native technology. As is always the case, there are concerns when it comes to smart contract technology and potential issues which may arise because of its use.
Furthermore, it appears things are heading in an interesting decision where Australia is concerned. EOS will be exposed to the Australian Dollar on the ACX platform. Albeit this may not necessarily be the biggest exchange among cryptocurrency users, it further confirms a lot of companies are looking for ways to improve their list of current offerings. Having more fiat currency gateways can do wonders for any cryptocurrency, including EOS.
— ACX.IO (@ACXTWEET) September 20, 2018
Although the positive developments may not necessarily make an immediate impact on the EOS price, it shows the ecosystem is still advancing as a whole. Even so, the weekend is around the corner, which will usually lead to some interesting price changes regardless. For the EOS price, it is impossible to determine what the future may hold in this regard, but things look relatively promising at this time.