Can EOS Crypto Hit $1 Before the Final Stage of the Vaulta Rebrand?
The EOS token has seen a rally for the second day in a row, reaching its highest level since April 5 as investors reacted positively to the upcoming complete rebranding to Vaulta. This increase coincided with a substantial rise in the volume processed through its decentralized exchange protocols.
EOS (EOS) surged to a high of $0.850, representing a 95% increase from its April lows, boosting its market capitalization to $1.3 billion. This rally took place amidst a high-volume scenario, with daily trading volume soaring by 67% to $428 million.
Following the developers’ announcement that the full rebranding to Vaulta is scheduled for May 14, EOS experienced an uptick. The ticker symbol will shift from EOS to A. These gains followed the confirmation that EOS would fully transition to Vaulta on May 14, along with the corresponding ticker change.
Vaulta aims to position itself as a key player in blockchain-based banking. The platform will offer programmable contracts and settlement layers, enabling banks and fintech companies to deliver scalable, cross-border financial services.
The team compares Vaulta’s ambitions to those of Stripe, the leader in online payment acceptance for businesses. However, Vaulta’s focus is on easing access to blockchain for traditional financial institutions without the need for extensive technical expertise.
Moreover, Vaulta aspires to be a significant entity in the tokenization of real-world assets. It plans to provide technology for companies in wealth and asset management to convert their assets into digital tokens.
The EOS token also experienced an increase after independent data revealed that the volume managed by its DEX protocols grew over the past week. They processed tokens valued at $86.7 million, bringing the total for 30 days to $158 million.
The rise in EOS prices was further supported by the weighted funding rate turning positive and reaching its highest level since Tuesday. A positive rate indicates that long traders are compensating short sellers, which occurs when the perpetual contract price is above the current market value.
EOS Price Technical Analysis
The 8-hour chart shows that EOS has maintained its upward trend, reaching $0.85—its highest point since April 4. The token has moved above the ascending trendline connecting key swing lows from March 11.
It is also trading above the 50-period moving average, with several momentum oscillators trending positively. The price is approaching a crucial resistance level at $0.8770, which was the peak on April 3.
A breakout above this resistance could set the stage for additional gains, with the next major target being the psychological milestone of $1.00, roughly 20% above current levels.