#EOSProject On November 4, the price of EOS was $0.42. However, as of this writing, it has risen to $1.12, indicating that the altcoin experienced an increase in demand over the past few weeks. While the project did not have any major development driving the rally, it appears that the rising interest in relatively old coins played a role in the hike.
Following the development, EOS’ market cap soared to $1.74 billion. Market cap is the product of price and circulating supply. Therefore, the rise in the metric is linked to the 165% price increase, especially as the project did not recently unlock any token to its 1.53 billion circulating supply.
