🔥 $EOS , $IOTA , #Hedera prices lead as Bitcoin stalls at $97k
Popular layer-2 cryptocurrencies like EOS, IOTA, and Hedera Hashgraph were among the top gainers on Friday as Bitcoin found resistance at $97,000.
EOS (EOS) surged to $0.9570, rising over 36% from its December low and pushing its valuation to more than $1.2 billion. The token’s jump was driven by Binance’s announcement of an APR boost airdrop through the BNSOL Super Stake program. The boost will begin on January 6 and run through January 20, with users set to receive 320,656 EOS tokens valued at nearly $300,000.
EOS, launched by Block.one, had a strong performance in 2024 as its turnaround strategy progressed. Its total value locked in the DeFiindustry space rose to over $254 million, fueled by projects such as EOS Rex, Defibox, and Paycash.
Hedera Hashgraph (HBAR) rose by more than 10%, reaching a high of $0.3200. The token is up over 630% from its 2024 lows. Its latest rally is linked to speculation about a potential HBAR ETF, with expectations growing ahead of Donald Trump’s swearing-in later this month.
Eric Balchunas, head of ETF strategy at Bloomberg, predicted that the SEC will approve a spot HBAR ETF. He noted that the agency has not previously categorized Hedera as a security, which increases the likelihood of approval.
Hedera’s ecosystem has also seen growth, with its TVL climbing to $186 million, supported by platforms like Stader, Bonzo Finance, and HLiquity.
IOTA (#IOTA ) price increased for three consecutive days, forming a bullish chart pattern known as the “three white crows,” characterized by three consecutive bullish candlesticks.
IOTA’s rebound, which we predicted, is because, as shown below, the token formed a falling wedge and a double-bottom pattern at $0.2785. It has also bounced back ahead of the Rebased upgrade, which will introduce more features like staking, full decentralization, and parallelized MoveVM.
