EOS Experiences Significant Market Decline

EOS Price Plummets

EOS experienced a substantial decline, trading at $0.8839, marking a 10.27% decrease. This drop represents the largest one-day percentage loss since November 2022, significantly impacting its market cap.

Market Cap and Trading Range

The decline in EOS's value reduced its market cap to approximately $995.39 million, comprising 0.09% of the total cryptocurrency market. Historically, EOS's market cap reached a peak of $17.53 billion. In the last 24 hours, EOS traded within a range of $0.8839 to $0.9740.

Weekly Performance and Trading Volume

Over the past week, EOS has seen a 9.88% decrease in value. The trading volume for EOS reached $131.18 million in the last 24 hours, accounting for 0.32% of the total cryptocurrency trading volume. The weekly trading range for EOS was between $0.8831 and $1.0380.

Long-Term Price Decline

Currently, EOS is down 96.15% from its all-time high of $22.98, recorded in April 2018. This significant drop highlights the ongoing challenges faced by EOS in maintaining its market position.

Broader Cryptocurrency Market Trends

In the broader cryptocurrency market, Bitcoin and Ethereum also witnessed declines. Bitcoin's price fell to $27,403.9, a decrease of 5.22%, while Ethereum dropped 5.17% to $1,813.67. Bitcoin holds a market cap of $537.65 billion, representing 46.99% of the total market, whereas Ethereum's market cap constitutes 19.41% at $222.09 billion.

The recent downturn in EOS's value reflects broader trends affecting the cryptocurrency market, emphasizing the volatility and unpredictability of digital assets.