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The price of EOS rises as the vaulting brand change approaches

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  • The price of EOS is recovering before the expected vaulting brand change.
  • The exchange of EOS to $ A tokens will be launched on May 14 through MSIG and the vulture exchange portal.
  • As the price of EOS increases, bullish graphics and growing open interest point to a possible bullish race after brand change.

    • The price of EOS has risen more than 20% today, reaching an intradiary of 0.8482 dollars, while traders prepare for the important update of the next week.

    The sudden rebound also coincided with an amazing 241% increase in the volume of 24 -hour operations, According to CoinmarketCap dataexceeding the USD 506 million EOS in all orders books.

    EOS’s vaulting brand change is scheduled for May 14

    According to a Official announcementthe EOS network will officially change its native token of $ eos to $ a as part of a complete brand to vaulta, as of May 14.

    This change will be executed through a multifirma (MSIG) transaction of the block producer that displays the new token vulture contract and opens the vault exchange portal in Unicove.

    Tokens possessors may exchange their $ A $ A individual and without commissions using the official portal or compatible exchanges.

    The transition is purely cosmetic and strategic, since all existing infrastructure, wallet addresses and smart contracts remain fully compatible under the new identity of the main vaulted network.

    Both developers and users are urged to complete the exchange in advance to guarantee access without problems, although a bidirectional exchange window will remain open for four months after the launch.

    EOS price perspective

    The technical indicators are emitting bull signals after EOS broke the upper limit of an upward expansion wedge of several weeks in the 4 -hour graph.

    Chaikin’s flow of money has risen to positive territory at 0.16, while Arono Up is about 85% and Aroon Down falls to about 35%, which underlines the persistent purchase pressure.

    DERIVATIVE DATA They further reinforce the upward case, with an open interest in EOS futures of more than 41% to approximately USD 195 million and a relationship of long/short futures greater than 1 in the main exchanges.

    Together with the attractive staking yields of around 17% in the next Vaulty Token, much higher than 2.7% of Ethereum or 5.4% of Solana, investors are looking at EOS both for capital gains and for passive income.

    Market observers, such as cryptocurrency investor and CW data analyst, believe that a break in the psychological level of 1 dollar could pave the way to $ 1.45 in the short term.

    The most optimistic traders point to USD 2.10 as the next significant resistance after a daily rupture of the graphic triangle.

    With the vaulting brand change just a few days away, EOS seems to be prepared to maintain its ascending trajectory as a speculative asset and a network token generating network.

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    The Balenciaga fashion brand follows Gucci by accepting cryptopagos

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    Balenciaga goes after Gucci. The brand revealed that it now accepts payments in cryptocurrency. They are beginning this in the USA. And then they will implement this option in other countries.

    “Other regions will continue”

    Balenciaga initially will only accept cryptocurrencies in its flagship stores, even in Madison Avenue in New York and Rodeo Drive in Beverly Hills. In addition, it is possible that I can pay with cryptocurrencies in the US. On the website: Balenciaga.com. “Other regions and electronic commerce will follow“, Said the company, according to WWD.

    The fashion house follows Tag Heuer and Gucci, who recently also began accepting cryptocurrencies for their products. This last brand will also first initiate a pilot test in the US. UU., Before focusing on other countries.

    The fashion house is still deciding which payment solution provider will use, according to WWD, but Bitcoin and Ethereum are almost safe. It will probably be 12, of which five are stable currencies, as is also the case of Tag Heurer and Gucci. If you copy the complete image of the clock brand, Bitpay can offer a payment solution.

    Is it something possible?

    Of course, we were very curious about whether Balenciaga had already begun to accept cryptocurrencies in secret. That is why we take a look at Balenciaga.com, but unfortunately we discover that this function is not yet available.

    At the moment they are only shown as payment options credit card, Paypal and Klarna. This can be possible in the US are also the flagship stores that accept cryptocurrencies.

    It is currently a matter of patience until all Balenciaga accepts cryptocurrencies. Therefore, it is very likely that the application is already available in the US., And as well as Gucci and Tag Heuer, it will be the European turn later.

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