EOS Fund in Höhe von 100 Millionen US-Dollar soll eine neue Ära für OG Blockchain einläuten

Bildquelle: Twitter Die jüngste Ankündigung einer 100-Millionen-Dollar-Kriegskasse für EOS-Projekte überraschte die Krypto-Community, nicht zuletzt aufgrund eines ansonsten düsteren Bildes an den Märkten nach dem Zusammenbruch von FTX. Nur zwei Tage nachdem FTX und Alameda Research Konkurs nach Chapter 11 angemeldet hatten, ließ Yves La Rose, CEO der EOS Network Foundation (ENF), auf Twitter die Katze aus dem Sack und versprach, dass der 100-Millionen-Dollar-Ökosystemfonds für Investitionen zweckgebunden sein würde in reinen EOS-Projekten.

Timeline of Eos

EOS's double-top setup on the daily chart paved a path for its recent bear run. A plausible reversal from its current rising wedge could pose hurdles for the bulls in the coming sessions.

EOS Network Foundation, the non-profit helping to develop the decentralised blockchain network EOS (EOS/USD), and Busan Metropolitan City, have announced a memorandum of understanding (MoU) to boost city's blockchain ecosystem over the next three years.

The Busan Metropolitan City government has an MoU with several venture firms led by the EOS Network Foundation in a deal that will see millions of dollars invested in the city's web3 startups.

Amid the ongoing uncertainty in the crypto market, the EOS coin price is trying to sustain below the recently breached $1.1-1.05 support level. Moreover, a low volume retest to the flipped resistance indicates weakness in the buyer's commitment.

On Wednesday, September 21, the EOS community announced a major upgrade that would see it become independent and a fully self-sustained platform. The community will become more decentralized following a consensus upgrade to Antelope Leap 3.1.

A community driven fork of the EOS blockchain's code adopted by block producers who manage the network will sever ties to former network code custodian Block.one. The post EOS Antelope Protocol update severs network's ties to Block.one and Bullish appeared first on The Block.

Today the EOS/USDT pair is down 3% as it retests the breached resistance of $1.58. Reclaiming this barrier suggests the end of the last correction phase, and the new cycle could surpass the high swing resistance of $1.9.

To those inside the Web3 arena, the EOS story is well known. It's a story about how EOS founders, Block.one raised a huge amount of funding for what was meant to be an incredible POS blockchain, with everything going for it, and then completely neglected it.

The Bitcoin Hash Ribbons indicator has been flagged, and this indicator identifies periods where Bitcoin miners are forced to turn off due to a price drop. The underlying logic is that when miners are unprofitable due to the price of Bitcoin being at a major low, it offers long-term investors a brilliant buying opportunity.

The EOS/USDT pair failed to give a bullish breakout of a rounding bottom pattern due to the increased selling pressure at the $1.89 supply zone. However, the price action displays the underlying bullish sentiment is preparing a trend reversal with a cup and handle pattern.