EOS (EOS) defies market slump with 9% spike, here's what caused it $EOS EOSnFoundation BigBeardSamurai
, the native crypto asset of the EOS blockchain, suddenly jumped nearly 8% as the entire market dipped. At the time of writing, EOS was up 9% in the last 24 hours at $1.27. The token is also outperforming weekly, up 8.70% in the past seven days.Bitcoin and the rest of the crypto market suffered losses early Friday, triggered by concerns about crypto-friendly bank Silvergate.
This is in response to fears that the crisis at the bank that is known to help market participants and exchanges transfer funds may deepen the liquidity crunch on the cryptocurrency market.This comes after most exchanges on Thursday stated that they would no longer be conducting business with the embattled bank.Combining the performance of EOS with the familiarity of Ethereum, Solidity developers are in for a treat.
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