EOS plummeted 10.08% on Wednesday, closing at $0.8023 by 17:01 (21:01 GMT) on the Investing Index—the steepest single-day decline since April 13. This sharp downturn slashed EOS’s market capitalization to $1.26 billion, representing just 0.07% of the total cryptocurrency market cap. At its peak, EOS boasted a market cap of $17.53 billion.
Over the prior 24 hours, EOS fluctuated between $0.7990 and $0.9064. Despite the recent dip, the cryptocurrency recorded a modest 2.46% gain over the past week, trading within a range of $0.7990 to $0.9967 during that period. Trading volume for EOS in the last 24 hours reached $282.14 million, accounting for 0.12% of total crypto market volume.
However, EOS remains deeply undervalued compared to its all-time high of $22.98, set on April 29, 2018—currently down 96.51% from that peak.
In the broader crypto market, Bitcoin traded at $103,580.00, down 0.73% on the day, while Ethereum fell 3.44% to $2,597.45. Bitcoin’s market cap stood at $2.06 trillion, comprising 108% of the overall cryptocurrency market capitalization, with Ethereum’s valuation at $314 billion, or 16.48% of the market.
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