While the Saturday announcements spurred some excitement, the news did not have a major positive impact on the EOS price, possibly because rumours that Block.one was planning a move into the social media space had been circulating around the crypto space prior to the official announcement. On Saturday, EOS tumbled to as low as $7.67, before closing at $7.78. This was well below its opening price of $8.52.
The coin saw some ups and downs yesterday, but ultimately finished the day virtually unchanged.
In today’s trading, the EOS price stood at $7.37, as of 14:24 BST. The coin has lost almost 6% of its value in the past 24 hours, according to data from digital currency tracker Coinmarketcap. The coin’s total market capitalisation currently stands at $6.7 billion.
Featured image: Pogorelova Olga / Shutterstock.com
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The post Block.one unveils EOS-powered social media platform appeared first on The Independent Republic.
source: https://theindependentrepublic.com/block-one-unveils-eos-powered-social-media-platform/
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