EOS Is Targeting $0.7000 after Rebranding
EOS (EOS) is surging by 20.1% to $0.5729 this week, significantly outperforming the broader market, where Bitcoin (BTC) is up 1.0% to $83,534. The sharp rally comes after the token announced its rebranding to Vaulta on Tuesday, marking a major shift aimed at “realizing the vision of Web3 banking.” The transition, which includes a token swap, is expected to be completed by the end of May, although the timeline remains subject to change.
Yves La Rose, founder and CEO of the Vaulta Foundation, emphasized that this move represents more than just a name change. He described Vaulta as the result of years of planning, strategic development, and careful design. The announcement triggered an immediate 30.0% surge in EOS prices to $0.6639, the highest level since February 21. While prices have since retreated, it is crucial for them to hold above the $0.5000 support level. Maintaining this level could sustain the uptrend, potentially pushing prices toward $0.7000 in the near future.
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