What Is EOS/USD CFD Trading?
EOS/USD CFD (Contract for Difference) trading provides traders with the opportunity to capitalise on the price movements of EOS relative to the US Dollar without actual ownership of the underlying assets.
EOS is a cryptocurrency that serves as the native token of the blockchain platform of the same name. It plays a central role within the EOS ecosystem and has numerous important functions.
The US dollar is the official currency of the United States of America and is one of the world's primary reserve currencies. It is also the most widely used currency for international trade and financial transactions.
To get the most up-to-date insight into the recent performance of this pair, check the EOS to USD chart on the TickTrader platform. It can help you make informed decisions at home or on the go – no matter if you use the desktop version, web terminal, or mobile app. Our real-time chart includes the very latest prices, historical data, and technical analysis tools to help guide your next trade.
EOS/USD Historical Performance
These are the most notable price fluctuations of the EOS/USD pair:
EOS was officially launched in June 2018. It began trading at around $7 per token. Following the overall crypto market bull run, in April 2018, the rate reached a significant high of approximately $23. However, the market experienced a correction, and EOS/USD exhibited significant volatility throughout the year. By the end of 2018, the rate of 1 EOS to USD had dropped to approximately $2, reflecting the broader market downturn.
2019 was a challenging year for the crypto market as a whole. The price of EOS remained relatively subdued, often fluctuating around the $2 mark.
In 2020, the cryptocurrency demonstrated resilience and attracted attention as interest in blockchain technology and decentralised applications surged. However, 2021 was challenging. In May, the rate of EOS surged above $14 but soon turned around and plunged to $1 by the summer of 2022.
EOS experiences large price spikes. However, with FXOpen, traders can deal with significant price fluctuations with spreads from 0.0 pips and commissions from $1.50.
Major Factors That Affect the EOS/USD Rate
Market sentiment is a powerful driver of prices. Positive news, technological advancements, and the growing adoption of the cryptocurrency may create bullish sentiment, pushing its rate higher. Conversely, negative developments, security breaches, or regulatory uncertainty may induce bearish sentiment, causing price declines.
Trends in major cryptos like Bitcoin and Ethereum heavily influence investor sentiment and impact other cryptos.
The price of EOS is closely tied to its adoption across various industries and DApp use cases. An expanding ecosystem of decentralised applications, gaming platforms, and DeFi projects on EOS can increase demand for the token and drive up its rate.
The regulatory environment for cryptocurrencies is ever-evolving. Positive regulatory developments usually boost EOS's appeal, while unfavourable ones can hinder its performance.