- The rally followed the rebranding of EOS to Vaulta and the launch of its Web3 banking infrastructure aimed at bridging digital assets with traditional finance.
- EOS hit a five-month high of $0.87, with the MACD signaling strong momentum and rising trading volumes supporting the rally.
The crypto market has been experiencing a mixed trend, but EOS has bucked the overall pullback with a stunning 22% price jump over the last 24 hours. The surge comes as the project, now renamed Vaulta, launches major pieces of its Web3 banking infrastructure. This move seeks to bridge digital assets with mainstream financial systems.
Vaulta’s EOS Market Cap Exceeds $1.2 Billion
Although big digital currencies, such as Bitcoin, fell with the recent tariff announcements by U.S. President Donald Trump, EOS defied the trend. The EOS token saw its market capitalization surge beyond the $1 billion mark. The valuation of the token rocketed to a record high of $1.2 billion in nearly five months.
The force behind EOS’s rally is partly due to the release of Vaulta’s Web3 banking model, which aims to facilitate frictionless interactions between centralized finance (CeFi), decentralized finance (DeFi), and mainstream banking, as mentioned in our previous report. The announcement presented the Vaulta Banking Advisory Council, a group of representatives from regulatory institutions, banks, and the crypto industry, all working to bridge the divide between financial institutions and blockchain-based services.
EOS Price Technical Analysis Shows Mixed Signals
Meanwhile, the EOS price rally had the token reaching its highest point of $0.87, levels not seen since late January. The positive trend comes after an impressive recovery from its March bottom of $0.45.
Technicals like the Moving Average Convergence Divergence (MACD) indicate unabated strength, with green histogram bars to reaffirm the bullish setup. Improving trading volumes also indicates market conviction. However, the Relative Strength Index (RSI) is at an overbought 78, indicating a possible correction.
If profit-taking causes a retracement, EOS will look for support at key moving averages. Here, the 50-day EMA, 100-day EMA, and 200-day EMA could act as a safety net between $0.66 and $0.60.
A Look At Vaulta’s Banking Ecosystem
For further context, Vaulta’s strategy to reimagine digital finance is built on four core areas:
- Wealth Management: Customized investment plans that integrate traditional financial instruments with crypto-based products.
- Consumer Payments: Facilitating quicker and low-cost transactions through blockchain technology.
- Portfolio Investment: Serving institutional and retail investors with sophisticated portfolio management tools.
- Insurance Solutions: Providing crypto-backed insurance products to promote financial security.
Furthermore, according to a post on X, Vaulta’s exSat Network also serves as a Bitcoin bridge. This allows the protocol to operate as a liquidity transport layer. The innovation would have the potential to draw institutional heavyweights such as BlackRock, which has demonstrated growing interest in digital asset services.
Among the most appealing aspects of Vaulta’s makeover is its staking rewards system. The network has provided a 250 million token reward pool, where users can receive up to 17% yearly yields. In contrast to Ethereum and Solana, where staking returns range between 2% and 7%, Vaulta’s program is much more rewarding.
Source: https://www.crypto-news-flash.com/eos-pumps-as-vaulta-introduces-next-gen-web3-finance-model/?utm_source=rss&utm_medium=rss&utm_campaign=eos-pumps-as-vaulta-introduces-next-gen-web3-finance-model