The EOS token shows significant growth, reaching its highest level since early April. This occurred in light of news about the full rebranding.
Significant Rise of EOS Price
The EOS token rose to $0.850, which is up 95% from its April lows. Its market capitalization reached $1.3 billion, with daily trading volume increasing by 67% to $428 million.
Announcement of Rebranding to Vaulta
Developers announced that the full rebranding of EOS to Vaulta will take place on May 14, changing its ticker from EOS to A. Vaulta aims to become a significant player in blockchain-based banking, offering programmable contracts and settlement layers for banks and fintech companies.
Technical Analysis of EOS Price
Technical analysis indicates that the token continues to rise, reaching $0.85, the highest since April 4. The price is above the 50-period moving average, and several momentum oscillators are trending upwards. The current level is approaching a key resistance at $0.8770.
The EOS token continues to rise in anticipation of the expected rebranding and increased trading volumes, which may lead to further gains in the future.
