EOS rallies over 20% ahead of official Vaulta rebranding
The post EOS rallies over 20% ahead of official Vaulta rebranding appeared on BitcoinEthereumNews.com. EOS rallied as much as 22% today, ahead of its official rebranding to Vaulta, with several bullish signals showing up on its charts. EOS (EOS) rose for the second straight day, reaching an intraday high of $0.84 on May 8, while its market cap crossed $1.2 billion at the time of writing. The surge came alongside a massive 285% spike in trading volume, with nearly $500 million worth of EOS traded in 24 hours. There are three main catalysts driving EOS crypto’s gains today. First, a lot of hype is building around EOS’s upcoming rebrand to Vaulta, which is officially set to happen on May 14, less than a week away. The project is pivoting toward blockchain-powered banking solutions, hoping to bridge traditional finance with decentralized tools. As part of this shift, the EOS token will be swapped 1:1 for the new Vaulta token, ticker “A”, according to details shared yesterday. The new token will inherit all the existing EOS tech, including its integration with exSat, Vaulta’s Bitcoin banking gateway, and can be swapped using the Vaulta Swap Portal or supported crypto exchanges. “Vaulta is not a fork or a reset. It’s the EOS network—reimagined and rebranded, fully compatible with all existing infrastructure and state history,” the team explained in a recent update. Another big driver is the attractive staking rewards being introduced. The Vaulta token will reportedly offer a staking yield of around 17%, funded by a 250 million token reward pool. That’s notably higher than the yields offered by larger blockchains such as Ethereum (ETH), which provides around 2.7%, or Solana (SOL), which offers about 5.4%, making it a more attractive option for those seeking passive income. Lastly, traders in the derivatives market are piling in. Data from CoinGlass shows open interest in EOS futures increased 45% in…
The post EOS rallies over 20% ahead of official Vaulta rebranding appeared on BitcoinEthereumNews.com.
EOS rallied as much as 22% today, ahead of its official rebranding to Vaulta, with several bullish signals showing up on its charts. EOS (EOS) rose for the second straight day, reaching an intraday high of $0.84 on May 8, while its market cap crossed $1.2 billion at the time of writing. The surge came alongside a massive 285% spike in trading volume, with nearly $500 million worth of EOS traded in 24 hours. There are three main catalysts driving EOS crypto’s gains today. First, a lot of hype is building around EOS’s upcoming rebrand to Vaulta, which is officially set to happen on May 14, less than a week away. The project is pivoting toward blockchain-powered banking solutions, hoping to bridge traditional finance with decentralized tools. As part of this shift, the EOS token will be swapped 1:1 for the new Vaulta token, ticker “A”, according to details shared yesterday. The new token will inherit all the existing EOS tech, including its integration with exSat, Vaulta’s Bitcoin banking gateway, and can be swapped using the Vaulta Swap Portal or supported crypto exchanges. “Vaulta is not a fork or a reset. It’s the EOS network—reimagined and rebranded, fully compatible with all existing infrastructure and state history,” the team explained in a recent update. Another big driver is the attractive staking rewards being introduced. The Vaulta token will reportedly offer a staking yield of around 17%, funded by a 250 million token reward pool. That’s notably higher than the yields offered by larger blockchains such as Ethereum (ETH), which provides around 2.7%, or Solana (SOL), which offers about 5.4%, making it a more attractive option for those seeking passive income. Lastly, traders in the derivatives market are piling in. Data from CoinGlass shows open interest in EOS futures increased 45% in…
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