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EOSrecords significant 20% surge in value as it approaches Vaulta's impending rebranding

EOS experienced a significant jump of approximately 22% today, fueled by anticipation for its impending rebranding to Vaulta. Notable bullish tendencies emerged on its diagrams.

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Cryptocurrency EOS surged approximately 22% today, fueled by anticipation of its rebranding to...
Cryptocurrency EOS surged approximately 22% today, fueled by anticipation of its rebranding to Vaulta, featuring numerous positive indicators on its charts.

EOSrecords significant 20% surge in value as it approaches Vaulta's impending rebranding

Crypto Alert: EOS Soars 22% Ahead of Rebrand to Vaulta

The EOS token is on a tear, shooting up by 22% and reaching an intraday high of $0.84 on May 8. This surge has pushed the coin's market cap above $1.2 billion, all while trade volume spiked by a massive 285% to nearly half a billion dollars in a day. This bull run comes as EOS prepares for a major makeover - its rebranding to Vaulta.

Vaulta Takes Center Stage

As part of the shift, EOS will be swapped 1:1 for the new Vaulta token, referred to as "A." The transformation of EOS into Vaulta is set to take place officially on May 14, less than a week away. Vaulta is positioning itself as a Blockchain-powered banking solution, aiming to merge traditional finance with decentralized tools.

According to the team, Vaulta will inherit all the existing EOS tech, including its integration with exSat, Vaulta's Bitcoin banking gateway. Token swaps can be carried out using the Vaulta Swap Portal or supported crypto exchanges.

"Vaulta is not a fork or a reset. It's the EOS network reimagined and rebranded, fully compatible with all existing infrastructure and state history," the team explained in a recent update.

High-Yield Opportunities

A significant driver behind EOS's gains is the attractive staking rewards being introduced with the Vaulta token. The new token is expected to offer a staking yield of approximately 17%, which is notably higher than the yields offered by big players like Ethereum (around 2.7%) or Solana (around 5.4%).

Betting on EOS

The derivatives market is also showing confidence in EOS. Open interest in EOS futures increased by 45% to over $188 million, while the long/short ratio on Binance is above 1, suggesting a higher number of traders are betting that EOS will continue climbing in the short term.

Technical Analysis: Is EOS Poised for a Breakout?

On the charts, EOS has broken out of the upper side of a multi-week ascending broadening wedge pattern, a potential bullish signal in technical analysis. The Chaikin Money Flow is at 0.16, indicating stronger buying pressure, while Aroon Up is at 85.7% and Aroon Down is down at 35.71%, suggesting bulls are in control.

With this setup, EOS could be gearing up to retake the $1 psychological resistance level, a price it failed to breach in mid-January. Analysts believe EOS could push even higher, with predictions of a move toward $1.45 if the coin breaks through the next big sell wall at $1. Another trader has set their sights even higher, predicting a move toward $2.10 once EOS breaks out of a symmetrical triangle pattern on the daily chart.

Enrichment Data:

EOS Rebranding to Vaulta: Key Dates and Goals

The official rebranding date for EOS to Vaulta is May 14, 2021. During this transformation, the EOS network will migrate its native token from $EOS to $A to reflect its new focus on Web3 digital banking solutions[1][3]. The Vaulta team plans to bridge traditional finance with decentralized finance capabilities, offering a range of services such as high-yield staking, crypto-backed credit, tokenized asset investments, and insurance products[2].

High-Yield Staking Benefits

While the exact rates of staking rewards for the Vaulta token have not been specified, high-yield opportunities are a core feature of the Vaulta platform[2]. The rate structure for staking will likely become clearer as the platform rolls out new products and features in the coming weeks[2][4].

  1. Vaulta Predicts 17% Staking Rewards on New Token Infrastructure – DappRadar
  2. Evaluating Vaulta: A Comprehensive Review of the DeFi Neobank – Medium
  3. Vaulta Protocol Gathers Momentum as Team Prepares for Full Token Launch – The Daily Hodl
  4. Vaulta Protocol: New DeFi Neobank Breaks Ground with 12,000% Returns on Staking – Crypto Briefing
  5. The EOS token's rebranding to Vaulta, set for May 14, has ignited excitement in the crypto community, with the EOS token soaring 22%.
  6. Vaulta, the new token resulting from the EOS rebrand, is positioning itself as a Blockchain-powered banking solution, aiming to merge traditional finance with decentralized tools.
  7. The team behind Vaulta has announced that it will inherit all the existing EOS technology, including its integration with exSat, Vaulta's Bitcoin banking gateway.
  8. A significant driver behind EOS's gains is the attractive staking rewards being introduced with the Vaulta token, which is expected to offer a staking yield of approximately 17%.
  9. This staking yield for the Vaulta token, when revealed, is expected to outweigh the yields offered by competitors such as Ethereum and Solana.
  10. The derivatives market is showing confidence in EOS, with open interest in EOS futures increasing by 45% to over $188 million.
  11. On the charts, EOS has broken out of the upper side of a multi-week ascending broadening wedge pattern, a potential bullish signal in technical analysis.
  12. With its bull run, high-staking yields, and positive technical indicators, analysts predict that EOS could push even higher, with predictions of a move toward $1.45 if it breaks through the next big sell wall at $1, and some even predicting a move toward $2.10 once EOS breaks out of a symmetrical triangle pattern on the daily chart.

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