$EOS
🔥 Once the top-tier EOS, now renamed and surging, is this an opportunity or a looming danger?
From EOS to Vaulta, the EOS Network Foundation plans not only to rename the token to Vaulta but also to empower the new token, which may be one of the reasons behind the rise in EOS's price.
Back in the day, dubbed the Ethereum killer, EOS was shining brightly, led by star founders, with a record-breaking $4 billion ICO funding, claims of millions of TPS and zero transaction fees, it was the top player in the crypto space, ranking fourth in market capitalization in 2018.
However, upon announcing its rebranding to Vaulta and transforming into a Web3 bank, it suddenly surged. According to data, on March 19, EOS soared over 26% in 24 hours, breaking 0.6. This unexpected rise raises many questions.
Entering the market at this point may just make you a “bag holder” for others. When it was declining, no one cared, and now, suddenly skyrocketing, the risks behind it are evident. We must remain clear-headed and not let this seemingly attractive surge cloud our judgment; this could very well be a carefully orchestrated scheme to harvest retail investors!
#eos
$EOS