EOS price jumps 20% for biggest gain in 15 months — What’s fueling the uptrend? By Cointelegraph

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EOS price jumps 20% for biggest gain in 15 months — What’s fueling the uptrend?

rose approximately 20% to reach $1.66 on Aug. 17 and was on track to log its best daily performance since May 2021.

Initially, the EOS rally came in the wake of its positive correlation with top-ranking cryptocurrencies like (BTC) and Ether (ETH), which gained over 2% and 3.75%, respectively. But, the upside move was also driven by a flurry of uplifting updates emerging from the EOS ecosystem.

daily price chart. Source: TradingView
EOS/USD daily price chart featuring cup-and-handle breakout setup. Source: TradingView