EOS Price Rises 100% After Offer To Increase Staking Rewards

As the blockchain sector continues to evolve, occasional protocol updates are needed to ensure projects stay up to date with the latest developments and provide users wit the best user experience possible.

Since May 5, EOS price has rallied more than 100% following a recent protocol upgrade that increases the project’s inflation rate.

Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $6.18 on May 5, the price of EOS has catapulted more than 100% to a mid-day high of $12.85 on May 6 thanks to a record $15 billion in 24-hour trading volume.

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