According to BlockBeats, on March 8th, the price of EOS experienced a significant increase, reaching a 24-hour growth rate of 16.88%. The surge may be attributed to the potential shutdown of the inflation mechanism within the EOS ecosystem. After breaking through the $1.36 mark, the price later settled at $1.2545.
The inflation mechanism has been a controversial aspect of the EOS platform, and its potential shutdown could have a significant impact on the overall market sentiment. As the EOS community continues to debate the merits of the inflation mechanism, the recent price surge may be an indication of the market's response to the possibility of its removal.
