EOS Price Analysis reveals EOS might bounce higher as the foundation prepares to activate the Leap 6 hard fork today – here’s what to know.
Crypto projects often fundraise from the community. It is how Ethereum and multiple other protocols found the seed funding to launch.
However, over the years, no other project has conducted an ICO as successfully as EOS. In their 1-year long ICO, EOS raised $4 billion.
Even Ethereum didn’t raise this amount, although EOS was initially an ERC-20 token.
The problem is that seemingly EOS didn’t follow through on its promises.
Prices initially soared to as high as $15.5, but after the brutal winters of 2018 and 2022, prices cratered to as low as $0.45 before rebounding to spot rates.
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If anything, EOS is still at record lows. It is under immense selling pressure and could take years to recover from the alleged mismanagement of the $4 billion raised from the ICO.
EOS Foundation Banks On Leap 6 Hard Fork To Revitalize Growth
The EOS Foundation wants to reactivate the project, even recoup its lost glory.
Today, July 31, will mark the end of their highly anticipated hard fork.
Supporters claim the hard fork will be transformative, representing a radical overhaul of the EOS design—a move that could help revitalize its position in the industry.
The hard fork, dubbed Leap 6, introduces a new consensus algorithm, Savanna.
It promises to enhance speed and security while concurrently improving decentralization.
Of note is that the new consensus algorithm also introduces instant finality, meaning EOS transactions will be processed speedily, further enhancing user experience.
Additionally, after Leap 6 is activated, EOS will introduce new cryptographic advancements, integrating aggregate BLS signatures.
In turn, the update sets the foundation for developing zero-knowledge-proof systems that would improve privacy and security.
Smart EOS Investors Buying 99BTC In The Ongoing 99Bitcoins Presale
Amid this inevitable metamorphosis, smart investors are also diversifying their portfolios. They want maximum benefits if EOS prices rebound from spot rates.
Their eyes are on the ongoing 99Bitcoins presale in the final stage of crowdfunding.
The presale has drawn the interest of both investors and enthusiasts, raising over $2.5 million. It all has to do with what 99Bitcoins plan to do:
Being among the first and most successful crypto-centric news outlets, they are relaunching as a learn-to-earn platform.
At the heart of this will be the 99BTC token, which will be used to reward people willing to learn more about crypto.
As 99Bitcoins strives to become a leader in the L2E scene, investors can scoop 99BTC for just $0.00116–a huge discount.
Analysts are upbeat about what lies ahead.
Of note, they predict 99BTC to rally hard if Bitcoin prices break all-time highs and edge towards $100,000.
Here’s why:
99BTC will relaunch as a BRC-20 token, similar to ORDI and other gems in the broader Bitcoin network.
What’s even attracting more attention is the high annual staking yield for 99BTC stakers.
At over 670%, it is the highest in the industry.
Don’t Miss out on the biggest learn-2-earn launch of 2024.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.