Despite the global economic recession caused by the Covid-19 pandemic, the cryptocurrency markets have soared significantly in value in 2020. The New Year is expected to be even more favourable for the growth of the industry, opening vast investment opportunities.
EOS commenced trading in January in a bullish trend. Before January 2020, the altcoin had been in a bear market for seven months. The coin has an opening balance of $2.59 but it rallied to $4.39 in the same month.
Today, EOS is trading at $2.53 at the time of writing. About a week ago, the coin was trading at $2.66 high. This explains the fact that the crypto is depreciating each day as the selling pressure persists.