{"id":243889,"date":"2021-05-06T23:40:12","date_gmt":"2021-05-06T20:40:12","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/eos-price-rallies-100-following-a-proposal-to-increase-staking-rewards\/"},"modified":"2021-05-06T23:40:12","modified_gmt":"2021-05-06T20:40:12","slug":"eos-price-rallies-100-following-a-proposal-to-increase-staking-rewards","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/eos-price-rallies-100-following-a-proposal-to-increase-staking-rewards\/","title":{"rendered":"# EOS price rallies 100% following a proposal to increase staking rewards"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a419f50911d2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a419f50911d2\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/eos-price-rallies-100-following-a-proposal-to-increase-staking-rewards\/#Protocol_upgrade_boosts_rewards_for_EOS_stakers\" >Protocol upgrade boosts rewards for EOS stakers<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># EOS price rallies 100% following a proposal to increase staking rewards <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>As the blockchain sector continues to evolve, occasional protocol updates are needed to ensure projects stay up to date with the latest developments and provide users wit the best user experience possible.\u00a0<\/p>\n<p>Since May 5, EOS price has rallied more than 100% following a recent protocol upgrade that increases the project&#8217;s inflation rate.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-05\/fa23abb3-d2f3-4687-81ef-e8018cbd7104.png\"><figcaption style=\"text-align: center;\"><em>EOS\/USDT 4-hour chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/EOSUSDT\/\">TradingView<\/a> shows that after hitting a low of $6.18 on May 5, the price of EOS has catapulted more than 100% to a mid-day high of $12.85 on May 6 thanks to a record $15 billion in 24-hour trading volume. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Protocol_upgrade_boosts_rewards_for_EOS_stakers\"><\/span>Protocol upgrade boosts rewards for EOS stakers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to the EOS <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> feed, the most significant developments for the network over the past month have been related to resource allocation and staking rewards. <\/p>\n<p>A recent <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/eoswriter\/status\/1388992495166447616\">report<\/a> commissioned by Block.one concluded that the protocol needs to increase the rate of inflation from its current pace of 1% to a rate between 1.2% and 3.8% in order to increase financial incentives for voters and block producers. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">An EOS Staking Rewards Model Commissioned by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/block_one_?ref_src=twsrc%5Etfw\">@block_one_<\/a>  + <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/moore_chaney?ref_src=twsrc%5Etfw\">@moore_chaney<\/a> interviews <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rschlesinger?ref_src=twsrc%5Etfw\">@rschlesinger<\/a> for the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cryptowriter_?ref_src=twsrc%5Etfw\">@cryptowriter_<\/a> podcast  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/psIFnzL9Xj\">https:\/\/t.co\/psIFnzL9Xj<\/a><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BrendanBlumer?ref_src=twsrc%5Etfw\">@BrendanBlumer<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/bytemaster7?ref_src=twsrc%5Etfw\">@bytemaster7<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/EOS_Nation?ref_src=twsrc%5Etfw\">@EOS_Nation<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/EverythingEOSio?ref_src=twsrc%5Etfw\">@EverythingEOSio<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/EOS?src=hash&amp;ref_src=twsrc%5Etfw\">#EOS<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/EOSIO?src=hash&amp;ref_src=twsrc%5Etfw\">#EOSIO<\/a><\/p>\n<p>\u2014 EOSwriter (@eoswriter) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/eoswriter\/status\/1388992495166447616?ref_src=twsrc%5Etfw\">May 2, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>While the community still needs to settle on the exact size of the inflation rate will increase, the prospect of higher yields for community participation helped spark more excitement in the project. <\/p>\n<p>A second major development for the protocol is the EOS <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/block_one_\/status\/1389262935286063110\">PowerUp model<\/a>, which allows users to pay a fee to power up their account for 24-hours to transact on the network as opposed to paying a transaction fee for every transaction. <\/p>\n<p>The PowerUP model offers EOS token holders another way to earn a yield by depositing unused EOS tokens to receive a percentage of all the &#8216;power-up&#8217; fees that are generated by the network. <\/p>\n<p>This has become an increasingly attractive option as most traders are searching for ways to avoid the high transaction fees and network congestion on the Ethereum (ETH) network. <\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for EOS on May 4, prior to the recent price rise. <\/p>\n<p>The VORTECS\u2122 Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-05\/55556881-e771-4282-b088-70494afbe514.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. EOS price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen on the chart above, the VORTECS\u2122 Score for EOS was in the yellow range for the first few days in May before reaching into the green zone to register a high score of 68 on May 4. This was just one hour before EOS price began to rally 100% over the next two days. <\/p>\n<p>With the overall cryptocurrency market heating up and 2016-era projects like Litecoin (LTC) and Ethereum Classic (ETC) reaching new highs, EOS is one large-cap blockchain project that could continue to benefit as the cryptocurrency bull market stampedes ahead. <\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/eos-price-rallies-100-following-a-proposal-to-increase-staking-rewards\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# EOS price rallies 100% following a proposal to increase staking rewards &#8221; As the blockchain sector continues to evolve, occasional protocol updates are needed to ensure projects stay up to date with the latest developments and provide users wit the best user experience possible.\u00a0 Since May 5, EOS price has rallied more than 100%&#8230;<\/p>\n","protected":false},"author":1,"featured_media":243890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvOGUxY2NlNjUtOTM1Mi00YzI0LWI1YWMtZjVhNzkwZGI3NmRiLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74863,89004,74868,74904,74876,73785],"class_list":["post-243889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-cryptocurrencies","tag-daniel-larimer","tag-defi","tag-eos","tag-proof-of-stake","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/243889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=243889"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/243889\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/243890"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=243889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=243889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=243889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}