With the announcement from the CEO of EOS, the altcoin starts to gain value.
The CEO of EOS has stated that the inflation of EOS will be reduced.
The statement also includes detailed information that the money supply will be limited to 2 billion. EOS currently has a supply of 1.118 billion.
After the announcement, the price of EOS has increased by 12%.
Although EOS has been one of the popular altcoins in recent years, it has lost its popularity recently.
EOS, once ranked among the top 10 cryptocurrencies, has now dropped to 85th place.