A proposal to boost staking rewards and increase the inflation rate triggered a 100% rally in EOS price.
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. Since May 5, EOS price has rallied more than 100% following a recent protocol upgrade that increases the project’s inflation rate.EOS/USDT 4-hour chart. Source: TradingViewData from Cointelegraph Markets Pro and TradingView 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. Protocol upgrade boosts rewards for EOS stakersAccording to the EOS Twitter feed, the most significant developments for the network over the past month have been related to resource allocation and staking rewar
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