How EOS [EOS] gains 14.4% before mainnet launch?

The purchase price of EOS [EOS] token saw a sharp increase today before the mainnet launch. The launching is scheduled for later today, using EOS moving into the brand new blockchain in hours.

Though it traded across the $12 mark within the week, with occasional falls beneath the service, the token saw a surprising spike in cost from $12.50 all the way around $14.33. That is a price hike of 14.4percent in just a period of a few hours!

The coin decreased below $12 on the 29th May, reaching a low of $10.96 on the same day. It quickly recovered but regaining the 12 mark before the day ended. It dipped again on May 31st, two weeks ahead of the launch, and hovered about the $11.90 mark prior to regaining its worth over the $12 limit.

The EOS mainnet launching gets the bagholders excited, as the most bag it to be another Ethereum however better. The tokens have become non-transferable on the Ethereum blockchain, as declared by Binance yesterday. The token exchange is undertaken with the trades, marking the conclusion of a nearly yearlong ICO for its token.

EOS is an infrastructure to construct decentralized software and boasts lots of features such as inter-blockchain communicating, an internet toolkit for port growth, and self-describing interfaces.