In today’s edition of crypto news, we’ll cover why EOS is surging and the details behind why a Ripple (available on Binance) executive isn’t phased by the current crypto bear market.
EOS Surges as Other Coins Fall
EOS is currently leading the top 40 cryptocurrencies for total market gains this weekend. The world’s seventh-largest cryptocurrency project has received a wave of criticism as of late for its lack of decentralization. This weekend, EOS jumped up more than 16%.
At this time, it remains unclear why the coin surged so much.
Coinbase is exploring the addition of 30+ new digital assets. It’s our goal to offer support for all assets that meet our standards and are compliant with local law. https://t.co/Hl2zbVodLl
— Coinbase (@Coinbase) December 7, 2018
Three days ago, Coinbase announced that it was looking into supporting 30+ digital assets, and EOS was a part of the list. However, the other 29 coins listed in the press release haven’t seen any substantial surges. According to CoinMarketCap, EOS is currently trading at $2.01 a coin, up 5.13%, in 24 hours. Bitcoin (available on Coinbase) (BTC) is currently trading just below the $3,550 mark, and Ethereum (available on Coinbase) (ETH) is trading just below $100.
Ripple (available on Binance) Exec “Isn’t Phased” by Current Bear Market
Crypto news has been slow the past week, as digital currencies have hit year-lows. Early last week, the market started to correct and trend upward—only to crash again days later. Many analysts are dumbfounded with the sharp corrections that have taken place recently and high volatility. Has the market really matured?