March 11th saw John Oliver, the famous comedian criticize and poke fun at EOS as well as other cryptocurrencies on his HBO television show. Despite the trashing talking, EOS has risen 35%. CoinMarketCap reported that amongst the 9 other big cryptocurrencies, EOS was the only one to trade higher within a 24 hour period this past Thursday. In contrast to its success, bigger cryptocurrencies aren’t thriving on the same scale. Bitcoin has risen only 4% and Ethereum has dropped 11%.
The sudden jump of EOS came shortly after John Oliver’s mention of it on the show. During his cryptocurrency segment John Oliver stated, “According to Brock Pierce, OS is going to “change everything”. “How is EOS going to change this iguana?” He then went on to say, “Just know that you’re not investing [in crypto], you’re gambling…Caution is a tough sell when you’re up against Bitconnect and Hodl Gang. “Bitcoin could be worthless or it could be worth millions.”
After the broadcast many crypto fans jump on EOS. In the cryptocurrency universe everyone is on a frequent search for the next big coin. To people outside of the cryptosphere, John Oliver’s statement regarding EOS probably didn’t sound like much, but it was enough to perk the ears of anyone in the crypto community. Normal investments rarely see this kind of jump due to mere mention on media.
The cryptocurrency EOS was made for a platform called EOS.IOS. Although EOS.IOS hasn’t been introduced to the public yet, the system’s goal is to deliver more efficient operations for decentralized applications. This is a strategy that will hope to see other platforms, like ethereum become irrelevant. If all goes as planned for EOS.IOS, society will be able to adopt cryptocurrency into their everyday lives much more easily.