EOS price lags while Bitcoin Cash and Litecoin surge.

  • The price of EOS has decreased by 13% since the beginning of the year, while LTC and BCH have become very bullish.
  • The overall market outlook is positive, which could help EOS reach its recent peak.
  • At the time of writing, EOS is trading at $0.77, which is about a 10% increase after briefly dropping to $0.70.

Currently, the price of EOS is near $0.77 after briefly falling to $0.70, following a similar trend in the broader cryptocurrency market.

However, the coin is still below its highs in June and has decreased by 15% in the past 30 days. EOS is also far from its peak for the year, which contrasts with the performance of some of the oldest altcoins in recent weeks.

Could positive news about EOS EVM generate optimism and push the price higher? It’s possible, and it’s what the bulls need – a positive push resulting from increased network activity.

Games and dapps coming to EOS EVM 😎

— Yves La Rose (@BigBeardSamurai) June 30, 2023

EOS price amid crypto market outlook

Coins like Litecoin (LTC) and Bitcoin Cash (BCH) have been performing exceptionally well recently, outperforming even the leading cryptocurrency Bitcoin (BTC), which has gained 83% year-to-date.

On the other hand, EOS has mostly remained in negative territory since its decline from around $2 in September of last year. The drop from $1.34 in March gradually brought EOS/USD to $0.60 in mid-June, resulting in a 13% decrease year-to-date despite recent gains.

The performance of the coin has been affected by dips caused by the SEC’s lawsuits against Coinbase and Binance, which led to a sharp retreat of Bitcoin from the $30k range earlier this month. While the spot ETF wave triggered by asset manager giant BlackRock has pushed EOS higher, the overall technical setup is bearish.

EOS price may also face further selling pressure as bankrupt crypto lender Celsius begins to sell or convert altcoins into BTC and ETH. [ Read more ].

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