Though we know that the crypto winter is here and has impacted most of the altcoins, EOS has been showing substantial recovery over the past few days and in today’s altcoin news, we take a look why.
From December 17 until today, December 24, EOS showed a steady increase reaching 35% gains with the latest 8% being in the last 24 hours. The altcoin is not showing any signs of stopping just yet.
Sometimes the reasons why these popularity games happen are unclear but this time, however, there is a reason why EOS went on a rally. China’s Center for Information and Industry Development published its Global Public Blockchain Technology Assessment Index and since EOS is highly respected in China and the most popular choice among users, EOS has 156 points more than Ethereum which takes Bitcoin down on the list at the 18th place.
This could be one of the reasons that EOS increased in price since all other blockchains that were featured on the list spiked in prices as well.
For example, GXchain took the third place making its coin GXS to increase by 5percent, Komodo (KMD), Ontology (ONT), Nebulas (NAS), NEO and Steem are also among the favorites. All of these saw an increase in price right after they were featured on the list. Another one of the popular blockchains in China is NEO which increased by 14 percent in the past 24 hours.
The Ethereum blockchain is ranked third and ETH is up by 13 percent over the past 24 hours.
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