Market Analysis

Crypto green candle as markets show signs of recovery

In just 30 minutes on 12th April, the price of Bitcoin increased by $1,000. The news spark mass euphoria in the Crypto industry. In this article today, we discuss the aftermath of this Crypto green candle and EOS’s great moves.

Bitcoin’s price increases

After weeks of being stagnant at a single price gap, BTC finally made a move on Thursday, and it was a big one. The coin’s price increased by 13.22%, similar to other coins such as Ethereum and ripple which increased by 15.03% and 19.09% respectively, as of press time. BTCs price surge is the largest crypto green candle witnessed in just one month.

When the coin wants to move up, it whirls like the wind, treating its hodlers to the thrills of associating themselves with the biggest cryptocurrency so far. In a tweet by CrypotRae, a total of $1.2 billion bitcoin was traded in just an hour, the tweet read, “Ready to have your mind blown? More bitcoin traded hands in that one hour than any other time in history.” As such, while the optimism in the industry remains strong, the traders are not holding their breath.

EOS leaps past Litecoin into fifth place

According to coinmarketcap, EOS price has increased by about 30% in the last 24 hours to a market cap of $7.1 billion, topping Litecoin’s $6.8 billion. The crypto gains came ahead of an airdrop of new coins to EOS traders. Michael Novo Gratz, the former Fortress hedge-fund manager, announced in late January, regarding a joint venture with the EOS developer block for about $325 million funds.

Additionally, a group of developers claiming involvement with the cryptocurrency, plan to distribute one eosDAC token to all accounts with at least EOS tokens at 1 a.m. UTC April, or at 9 p.m. ET on Saturday. The EOS coin is set to release the Eos.ios, which will see the increased adoption of crypto-related technology worldwide.

What are your thoughts on the market’s slight recovery? Do you think EOS will stay as one of the leading altcoins?

Share your thoughts in the comment section below

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coinmag

Having contributed to many leading financial blogs, Ken's love for cryptocurrencies and the blockchain technology has him on high alert on all price developments within the cryptocurrency sphere.

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