The price of EOS [EOS] token saw a sharp hike today prior to the mainnet launch. The launch is scheduled for later today, with EOS moving to the new blockchain within hours.
While it traded around the $12 mark over the week, with occasional drops under the support, the token saw a sudden spike in price from $12.50 all the way up to $14.33. This is a price hike of 14.4% in just the span of a couple of hours!
The coin dipped below the $12 mark on May 29th, reaching a low of $10.96 on the same day. It quickly recovered, however, regaining the $12 mark before the day ended. It dipped once again on May 31st, just two days before the launch, and hovered around the $11.90 mark before reclaiming its value above the $12 limit.
The EOS mainnet launch has the bagholders excited, as many tote it to be the next Ethereum but better. The tokens have become non-transferable on the Ethereum blockchain, as announced by Binance yesterday. The token swap is undertaken by the exchanges, marking the end of an almost year-long ICO for the token.
EOS is an infrastructure to build decentralized applications and boasts of features like inter-blockchain communication, a web toolkit for interface development, and self-describing interfaces.