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EOS lurches forward as market bounces back; Bancor brings in liquidity staking mechanism for EOS

Bitcoin

Many EOS investors are choosing to abandon the aforementioned chain due to concerns related to further development. The altcoin season [which had a huge impact two years ago] is yet to grace the industry, thus making thousands of HODLers nervous.

EOS is ranked at #8, above Bitcoin SV and Stellar in the market. The price had a minor boost rate of 0.26% observed in the course of the past 24-hours. The trading volume recorded is $1.602 billion, while the supply has 929,024,131 EOS coins in play. At present, the total market cap of EOS is $3.373 billion. As of this moment, EOS is priced at $3.63.

BitGo is a popular choice among investors as they have multi-sig support as well as custodial solutions. Insurance, when associated with hacks, is also a key feature. Recently, they had revealed that EOS will henceforth be supported on their platform.

You can know more about the announcement if you read this article penned by a BitGo executive:

Even though the creation of a unique digital identity was praised by countless folks in the cryptosphere, EOS has received its share of criticism. Their centralized set-up is still being questioned, and both Brendan and Larimer have not been able to refer to an appropriate solution to this problem.

In order to create an EOS account, you must first have a public and a private key. You can successfully generate one or few at EOS Authority. The private key is crucial for having access to the account, so keep track of it. After this, you can head to the page which will directly aid you in creating an account.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.