EOS Trading Down 4.9% This Week (EOS)

EOS (EOS) traded 3% lower against the US dollar during the 1-day period ending at 18:00 PM E.T. on September 16th. One EOS coin can currently be purchased for $0.47 or 0.00000814 BTC on cryptocurrency exchanges. Over the last week, EOS has traded down 4.9% against the US dollar. EOS has a market capitalization of $988.06 million and $59.12 million worth of EOS was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

• TRON (TRX) traded 0.1% lower against the dollar and now trades at $0.15 or 0.00000257 BTC.
• BitTorrent-New (BTT) traded down 2.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Tezos (XTZ) traded 1.6% lower against the dollar and now trades at $0.63 or 0.00001082 BTC.
• Terra Classic (LUNC) traded down 4.9% against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Terra (LUNA) traded 7.8% lower against the dollar and now trades at $0.37 or 0.00000644 BTC.
• aelf (ELF) traded 5% lower against the dollar and now trades at $0.35 or 0.00000606 BTC.
• Lisk (LSK) traded down 3.3% against the dollar and now trades at $0.76 or 0.00001317 BTC.
• USDX [Kava] (USDX) traded 1.3% lower against the dollar and now trades at $0.76 or 0.00001322 BTC.
• Ark (ARK) traded down 2.1% against the dollar and now trades at $0.30 or 0.00000517 BTC.

About EOS

EOS is a distributed proof-of-stake (dPOS) coin that uses the DPoS hashing algorithm. It was first traded on June 26th, 2017. EOS’s total supply is 2,100,000,000 coins. EOS’s official Twitter account is @eosnetworkfdn and its Facebook page is accessible here. The Reddit community for EOS is https://reddit.com/r/eos and the currency’s Github account can be viewed here. The official message board for EOS is eosnetwork.com/blog. The official website for EOS is eosnetwork.com.

According to CryptoCompare, “EOS is a decentralized platform for developing and executing decentralized applications. The platform is designed to solve scalability and usability issues that exist in many blockchain-based systems. EOS features a delegated proof-of-stake consensus algorithm that allows token holders to vote for block producers. The EOS token is the native cryptocurrency of the EOSIO blockchain platform, and it is used to power the EOSIO software and pay for transaction fees and resources on the network. EOS was created by Dan Larimer, the founder of other blockchain-based platforms such as Bitshares and Steem, and developed by Block.one, a company based in the Cayman Islands.”

Buying and Selling EOS

It is usually not currently possible to buy alternative cryptocurrencies such as EOS directly using US dollars. Investors seeking to acquire EOS should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy EOS using one of the aforementioned exchanges.

EOS/USD price chart by TradingView