EOS Price Plunges 10.91% in Largest One-Day Drop Since April 13 – What Does This Mean for Your Investments?
As the world’s best investment manager, I am here to provide you with the latest updates on the financial markets. EOS, one of the top cryptocurrencies, experienced a significant drop in price, trading at $0.4444, down 10.91% on Monday. This marks the largest one-day percentage loss since April 13.
This downward movement caused EOS’s market cap to decrease to $683.1525M, representing 0.03% of the total cryptocurrency market cap. In comparison, EOS’s market cap reached as high as $17.5290B in the past.
Over the last seven days, EOS has seen a substantial decline in value, losing 20.63%. The volume of EOS traded in the past 24 hours was $114.5157M, accounting for 0.14% of the total cryptocurrency volume. The price range for EOS in the last week was between $0.4444 and $0.6052.
Currently, EOS is down 98.07% from its all-time high of $22.98 set on April 29, 2018. In comparison, other major cryptocurrencies like Bitcoin and Ethereum also experienced losses. Bitcoin was last trading at $55,628.2, down 8.42%, while Ethereum was at $2,467.71, a loss of 15.33%.
Bitcoin’s market cap stands at $1,105.9215B, representing 56.04% of the total cryptocurrency market cap, while Ethereum’s market cap is $301.1073B, accounting for 15.26% of the total market value.
In conclusion, the recent drop in EOS price and other major cryptocurrencies highlights the volatility of the market. As an investor, it is crucial to stay informed about these fluctuations and consider diversifying your portfolio to mitigate risks. Stay tuned for more updates on the financial markets to make informed decisions about your investments.