The post Three reasons why EOS rallied over 20% today appeared on BitcoinEthereumNews.com.

EOS rallied as high as 23% today, ahead of its major rebranding to Vaulta, as multiple bullish patterns emerged on its charts. EOS (EOS) price shot up for the third day in a row, hitting an intraday high of $0.707 on April 1 as its market cap climbed to over $1 billion when writing. The price surge was accompanied by an 87% increase in trading volume, with $371.6 million exchanged between traders. There are three main catalysts driving EOS crypto’s gains today. First off, there’s a lot of hype around EOS’s upcoming rebranding to Vaulta, expected to go live by the end of May 2025. The project is shifting its focus toward blockchain-powered banking solutions. As part of the rebrand, the EOS token will transition into Vaulta, with a fresh ticker expected to be revealed later this month. The new token will carry over all of EOS’s core tech, including its integration with exSat, the Bitcoin banking solutions. Second, the new Vaulta token will offer a staking yield of around 17%, backed by a reward pool of about 250 million tokens, placing it much higher than major players like Ethereum (ETH) and Solana (SOL) at 2.03% and 5.14%, respectively. Lastly, traders in the derivatives market are clearly betting on EOS going higher. Data from CoinGlass shows that open interest in EOS futures surged more than 30%, hitting an 11-month high of $144.14 million. The funding rate has also flipped positive, a sign that more traders are now betting on the upside in the near term. Chart watchers are taking notice, as they believe the rally could just be getting started.  Analyst CW pointed out that EOS has already cleared a key sell wall at $0.65 and now has its sights set on the $1 mark, a major psychological and technical…

---

Filed under: News - @ April 1, 2025 11:27 am