EOS has added more than 3% to its value in the last 24 hours after the EOS Network Foundation announced the launch of its $100 million ecosystem fund.
EOS, the native coin of the Eos network, has added more than 3% to its value in the last 24 hours. It has been performing well so far today and could rally higher over the coming hours and days.
The positive performance comes after Yves La Rose, the CEO of the EOS Network Foundation, announced on Sunday that they have launched a $100 million ecosystem fund.
According to the CEO, the fund is geared towards investing in EOS projects. The $100 million ecosystem fund will be managed by EOS Network Ventures, and will exclusively be investing in EOS projects.
The broader crypto market is recovering following last week’s massive losses. The total crypto market cap stands around $840 billion, up by more than 1% in the last 24 hours.
Source : coinjournal.net/news/is-eos-set-for-a-breakout-after-the-eos-foundation-launched-its-100m-ecosystem-fund/ by Hassan Maishera - November 15, 2022