EOS saw its token price increase 2.39% over the past 24 hours, rising from $0.7621 up to $0.7803. The move higher comes after an extended period of lateral trading for most of July.

Examining EOS Market Cap and Volume

Despite the upside price move, EOS still maintains a relatively modest market capitalization of $849 million. This ranks it outside the top 30 cryptocurrencies by market value.

Over the past day, trading volume reached $136 million for EOS. This level of volume is right around the monthly average, signaling decent interest during the upward price action.

Short-Term Momentum Turns Bullish

Analyzing the hourly and daily percentage change shows the short-term trend turning bullish, with EOS up 0.54% and 2.39% respectively. However the weekly performance remains negative at -2.50%.

The monthly view is much more positive, with EOS gaining 19.04% over the last 30 days. This indicates the longer-term trajectory remains tilted to the upside.

Targeting a Move Back Above $0.90

Given the bullish momentum over the past 24 hours, EOS looks poised to retest upside resistance around the $0.90 level in the near-term.

The first hurdle is the $0.80-$0.85 zone, but a sustained breakout above there should open the door for EOS to challenge the key $0.90 mark again. Traders can watch for support around $0.75.

Predictions and Key Levels to Watch

I anticipate EOS will continue trading higher in the near-term as bulls make another run toward the upper end of its 2022 trading range. A breakout above $0.90 would signal additional upside.

However, EOS must maintain support at $0.75 to keep the short-term uptrend intact. A fall back below $0.75 would negate the bullish outlook.

What is EOS's competitive positioning heading into 2023?

Heading into 2023, EOS faces stiff competition from newer and more actively developed smart contract platforms like Solana, Avalanche, and Polygon. However, EOS still maintains some competitive edges:

• Strong technical architecture capable of high throughput.
• Established ecosystem of dApps and developers.
• Ongoing funding and development by Block.one.
• Brand recognition as a long-standing DeFi platform.

To boost its competitiveness, EOS should focus on attracting new developers, executing layer 2 solutions, and providing compelling DeFi incentives in 2023. Staying ahead on innovation will be key.

Will Dan Larimer's departure continue to negatively impact EOS?

Dan Larimer's departure from Block.one in 2021 was a blow to EOS from a leadership and technical perspective. However, the impact may be overstated for a few reasons:

• Much of the core EOS architecture was already in place.
• Block.one has expanded its development team significantly.
• The open source community continues building on EOS.
• Larimer's new projects are unproven competitors so far.

While Larimer's vision was crucial in EOS's early rise, the project's ongoing trajectory depends much more on Block.one's execution and the vibrancy of the EOS developer ecosystem today. Those factors remains solid despite his departure.

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