Most of the people involved with crypto believe that Ethereum (ETH), the second biggest cryptocurrency by market capitalisation, is a coin that will always be needed. However, there have always been theories that the ETH token itself may become obsolete, and the network could function without the asset.
Cryptocurrencies were mixed on Monday, with Bitcoin flat as trade remained thin due to the U.S. holiday.
Bitcoin (BTC) prices are once again finding support from Tether (USDT), after the treasury wallet sent 100 million tokens to the Bitfinex hot wallet, in yet another move allegedly aimed at propping up cryptocurrency prices.
Satis Group, a cryptocurrency and initial coin offering (ICO) advisory firm, expects the price of Bitcoin (BTC) to surge drastically over the next 10 years despite the recent market downtrend.
EOS was trading at $6.6220 by 22:21 (02:21 GMT) on the Investing.com Index on Saturday, up 10.03% on the day. It was the largest one-day percentage gain since August 17.