EOS enters the top 5 Cryptocurrencies by market capitalization

EOS enters the top 5 Cryptocurrencies by market capitalization

EOS has exceeded $12 billion dollars in capitalization. Litecoin, Stellar and Cardano, on the other hand, are slightly above 8 and 9 billion; Therefore, we can say that EOS seems to have overcome firmly to Litecoin, considered one of the most famous Cryptocurrencies by market capitalization, becoming the fifth largest Cryptocurrencies for market capitalization (and it is said that It can grow even more, approaching Bitcoin Cash.
Until mid-April, the price of EOS was around 6 USD. It has now risen above 17 (after reaching a maximum of 23 USD a few days ago), with a gain of 183% in just two weeks.
EOS is becoming a very interesting project and, in fact, proposed as an alternative to Ethereum, which is a platform for managing smart Contracts. Lately they are establishing agreements with some stock exchanges, such as Bitfinex and Kraken, to try and create a decentralized, fast and cheap Exchange, which can also be scalable to manage large volumes of transactions. Among other things, its blockchain does not use the proof-of-work system to validate the blocks, but the so-called proof-of-stake, which drastically reduces electricity consumption (one of the great Achilles ' heels of the Bitcoin) for management and platform operation.


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