Ethos price hike is the news of the day, to be frank, the rise in the price was phenomenal, with the coin showing the bullish trend since yesterday, we will cover the reason behind it in this post but what makes this news really interesting is the speculative opportunity that the investors had yesterday and even now regarding this coin.
Ethos price hike: The coin is still giving returns!
The hike in the price of Ethos was about 75% in a 24hr change, meaning the coin has given 75% in return in 24hrs, initially the coin achieved the 50% change in positive and aimed towards the 75% mark, the rise in the price was factored by the launch of the Ethos Universal Wallet in the USA.
Shingo Lavine who is the CEO of Ethos tweeted yesterday, “With the launch of the @Ethos_io Universal Wallet in the USA today on July 4th, there is no better time than to talk about
#FinancialFreedom a value that is core to us at Ethos.”
A tweet by Shingo Lavine on the launch of its universal wallet: Image Source Twitter
In a medium post, Shingo posted what the wallet is aiming to achieve the idea of liberating the financial world by providing the crypto-investors with the financial freedom they deserve, stating that people should be in control of their assets and financial services should be made open to them, should be fair and safe at the same time.
Fusion and its partners enable consumer-centric services through three core offerings which are:
- Managed Accounts
- Brokerage Accounts
All of these offerings will be made available to the user directly through the Ethos Universal Wallet allowing the utility of the ETHOS token to deliver access to dynamic financial services.
Ethos price hike, a sudden spike seen which is followed by the Universal Wallet release: Image Source CoinMarketCap
The hike in the price is followed by a fundamental reason that is not unnatural in nature, furthermore you can expect the coin to perform better and it will be a good coin to HODL and short later, keeping a speculative strategy and also at the same time keeping an eye on the prices can actually bag you phenomenal returns.
Image Source for the featured image: coincentral.com
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