Despite a bit of a rocky start earlier this morning, it appears most cryptocurrency markets have come around eventually.
Most of the top crypto markets are currently in the process of moving up again every so slightly.
When the overall cryptocurrency market sentiment sours a bit, it is only normal some projects lose more value than others.
Earlier today, all of the cryptocurrency charts looked rather bearish for a moment.
It would appear as if EOS has not made too many headlines over the past few weeks.
It has been a rather rough month of December for EOS. Although all currencies and assets lost tremendous value, EOS, in particular, suffered significant losses. It was not uncommon for the altcoin to drop by over 10% in a single day, whereas the market average was 5% or less. Things are not slowly picking up again, as the EOS price is well underway to hit $2 in the coming hours.
EOS Price Reversal Looks Promising
Every time a cryptocurrency or digital asset market rebound becomes apparent, one has to wonder how long the momentum will last this time around.
It seems yesterday’s and today’s positive market momentum is turning against all cryptocurrencies and assets once again. There is plenty of red to be noted across the charts, and more trouble is brewing behind the scenes. The EOS price is declining in spectacular fashion right now, as its losses are almost in the double-digit percentage range already.
EOS Price is Losing Traction Quickly
Even though many people expected the most recent market rebound to remain in place, cryptocurrency does not follow traditional rules by any means.