The market capitalization of EOS has surpassed $1.70 billion for the first time in two years

Recently, the market capitalization of EOS has surpassed $1.70 billion for the first time, reaching $1.74 billion after the price of EOS increased from $0.42 to $1.12. This is seen as a positive sign for the EOS project, marking a significant recovery after two years. This growth may reflect the return of confidence in the cryptocurrency market, especially in the context of global cryptocurrency trading volume reaching a record high last November, with a total spot trading volume of $2.71 trillion, the highest since May 2021. This recovery in the cryptocurrency market has driven the prices of many altcoins, including EOS, and reinforced the upward trend in recent times, while also indicating an increase in confidence from investors.