EOS remained on the rebound throughout the week, rising more than 30 percent, Coinesk reported on the 24th (local time). It is interpreted that market expectations for EOS’ technology improvement have increased.

EOS succeeded in opening the largest cryptocurrency (ICO) in history with $4 billion in funding in 2018, and it is a cryptocurrency that has been highly anticipated from the start.

In the early days, it settled in the top 10 in market capitalization by actively carrying out technological work such as developing “EOSIO” and drawing support from many communities. However, since then, it has not made any significant changes and has moved away from market interest. Token value has fallen 37% since then, falling to 33rd place in market capitalization.

Meanwhile, EOS succeeded in reversing the mood by unveiling its technology change plan last week. EOS continued its surge throughout the week. According to Coin Market Cap, EOS was trading at $1.81 as of 9 a.m. on the 24th. Although it is far from its peak of $14 a year ago, it posted a 33.03% increase over the past week.



Mesari, a cryptocurrency analysis company, said EOS showed the largest increase among 49 types of cryptocurrency with a market value of more than $1 billion tracked on its own.

The surge in EOS began shortly after the EOS Network Foundation (ENF) announced last week that it would use Antelope as a basic protocol for EOSIO-based blockchain.

ENF is planning a hard fork of EOS IO blockchain code for the official transition to Antilope on the 21st of next month. ENF member projects such as EOS, Telos, Wax, and UX Network will support Antilof, a blockchain protocol operated by the community.

Meanwhile, ENF plans to file a lawsuit with Block.one, a developer that designed EOS, on charges of professional negligence. The foundation claims that Block One put the project at risk last year by stopping support for EOS IO development. Dan Larimer, co-founder and chief technology officer of Block One, left the project in January last year.