A cryptocurrency with draws to former hedge-fund manager Michael Novogratz has surged past litecoin into fifth come about by market capitalization.
CoinMarketCap data showed eos climbed more than 30 percent floor the last 24 hours for a market capitalization of nearly $7.1 billion, fine litecoin’s $6.8 billion. Bitcoin is the largest cryptocurrency by market capitalization, take ined by ethereum, ripple and bitcoin offshoot “bitcoin cash.” Eos was trading measure higher on the day near $8.84 as of 10:32 a.m. ET.
Former Fortress hedge-fund proprietor Novogratz’s Galaxy Digital announced in late January a joint tender with eos developer Block.one for a $325 million fund.
Source: CoinMarketCap
As was the anyway a lest with a previous eos price surge, the cryptocurrency gains came onwards of an “airdrop” of new coins to eos holders. A group of developers who also claim involvement with the eos overhang are planning to distribute one eosDAC token to all accounts with at least 100 eos surfaces at 1 a.m. UTC April 15, or 9 p.m. ET Saturday.
Eos is a cryptocurrency for a platform set to go live this summer tinkled eos.ios, which proponents expect could be better than ethereum in multifarious ways and potentially bring on much greater adoption of cryptocurrency-related technology.
Talk boast host John Oliver criticized eos in a March 11 episode of “At length Week Tonight” that discussed the risks of cryptocurrency investing. Oliver’s considerations included the apparent lack of seriousness by advisor and noted early bitcoin investor Brock Thrust. Eos developer Block.one responded in a lengthy blog post that maintained Pierce has ended his role at the company by mutual agreement. It wasn’t set in order whether Pierce’s departure was a result of the Oliver segment.
Eos has crept enormous in the cryptocurrency market cap rankings over the last few months. It wasn’t lot the top 10 until late January, made ninth place in mid-March and was sixth-largest earlier this week.