Soon after a big begin to 2021, cryptocurrencies crashed in Might. Even so, since the large drop, cryptocurrencies have been resilient and observed some complex help. That is leading traders to just take a second seem at other altcoins this kind of as EOS (CCC:EOS-USD)
EOS was not spared from the crypto crash. Its price tag had hit $14 recently, but fell to $4 in the current crypto carnage. Nevertheless, EOS bounced sharply, and is now again up over the $6 mark, which is a large shift off the lows. Why are folks providing EOS a second chance? Part of it is because of to the broader restoration, to be confident, but EOS retains some certain charm as properly.
Peter Thiel’s Crypto
EOS has one particular of the best line-ups of celeb traders involved. EOS is the token of Block.one, which is a blockchain software package company. Peter Thiel, Alan Howard and Louis Bacon are all billionaires who are invested in Block.a single. Bacon and Howard are both well known hedge fund professionals.
Thiel is the most well known of the group, as he’s a well known Silicon Valley entrepreneur. He’s most identified for co-founding PayPal (NASDAQ:PYPL) and Palantir (NYSE:PLTR) alongside with currently being the to start with exterior trader in Facebook (NASDAQ:FB). When Thiel invests in a little something, good factors are inclined to transpire.