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Highlights:
- EPS is the native token of Ellipsis Finance, and it is Curve Finance’s authorized fork.
- Ellipsis crypto operates on the Binance Smart Chain (BSC), and it is a BEP20 token.
- According to CoinGecko, Ellipsis crypto catapulted around 63 per cent in the last seven days.
The price of Ellipsis (EPS) cryptocurrency has gained momentum over the past few days, and it appears that the virtual currency is gaining investors' attention.
Ellipsis crypto's 24-hour volume surged over 660 per cent in the last 24 hours to $112.6 million. At the time of writing, the EPS crypto was up 40 per cent to US$ 0.2666 per token.
What is Ellipsis crypto?
It is a BEP20 token and according to CoinMarketCap, Ellipsis crypto has a total supply of 623.1 million tokens. Meanwhile, the circulating supply is 594.1 million EPS tokens.
EPS is the native token of Ellipsis Finance, which is Curve Finance’s authorized fork. Ellipsis Finance acts as an exchange for users and decentralized protocols to trade between various stablecoins.
The network is designed to enable secure and low-slippage swapping of stablecoins. As Ellipsis receives support from Curve Finance, it is expected to ensure features like no liquidity lockups and no deposit and withdrawal fees.
According to the whitepaper of Ellipsis Finance, the EPS crypto is primarily a revenue earning token, and it benefits the stakes and liquidity providers.
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The liquidity providers and stakers of Ellipsis crypto get a portion of the trading fees. Generally, it is split equally between the two.
Ellipsis crypto price prediction
According to CoinGecko, Ellipsis crypto catapulted around 63 per cent in the last seven days. At 7 AM EST, the crypto was up 81.2 per cent from an all-time low of US$ 0.147084 per token on January 22.
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EPS crypto appears to be bullish at the moment, and if it continues this momentum, it could witness a price surge in future.
However, it is essential to note that the cryptocurrency market is highly volatile and prices of virtual assets keep fluctuating. Therefore, it is crucial to research before investing.
What is Ellipsis (EPS) crypto? Know its price prediction
Bottom line
The Ellipsis crypto is available on cryptocurrency exchanges like Binance, KuCoin, Mandala Exchange, and Crypto.com exchange. So, if you are interested in cryptocurrency, you could choose to visit the exchanges mentioned above.
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