EOS is ranked at #8, south of Binance Coin and Tether on coinmarketcap. The price ascended at a rate of 3.31% in the course of the past 24-hours. The trading volume recorded is $1.186 billion, while the supply has 929,858,484 EOS tokens in play. The total market cap of EOS is $3.085 billion as of this moment. As of this instant, EOS is priced at $3.32.
📰 #OKExWeeklyUpdate happenings of OKEx (Aug 24-Aug 30):
— OKEx (@OKEx) August 31, 2019
The daily RSI has bounced back above 30, which shows that EOS is not being oversold any longer; it currently stands at 36. Resistance will be felt if the altcoin manages to surge and reach $3.7, while support lies close to the $3.08 mark.
The Ichimoku Cloud between lead 1 and lead 2 is becoming wider too [it is red for now]. Taking into account its performance in the market today, EOS may soar to reach $3.5 if the buyers can keep up their momentum.
#DApp Daily Report:
— DappReview (@dapp_review) August 31, 2019
As you can see, the dApp community on EOS has been prospering without any hindrance. Even though Justin Sun keeps claiming that TRON is better suited for decentralized apps, TRX has its own share of problems to deal with.
WAX utilizes the DPoS i.e. Delegated Proof of Stake mechanism and is backward compatible with EOS. Wax is scheduled to organize a tour in Australia this month; programmers and leaders associated with this venture shall be present at Sydney on 5th, Perth on 10th and in Melbourne the following day. WAX is positioned at #94 in the market and has a reported market cap of almost $40 million.