EOS 22% pump steals the show unveiling Vaulta’s web3 banking ecosystem

• EOS’s market capitalization surges beyond $1.2 billion as Vaulta introduces four fundamental pillars for its rebranded financial network.
• The protocol’s 17% staking mechanism greatly overshadows Ethereum and Solana, solidifying EOS’s role as a formidable contender.
• EOS rolls out exSat, a bridge for Bitcoin and a vital access point to the blockchain ecosystem that promotes liquidity access.
• The oversold daily RSI could jeopardize EOS’s $1 target amid increasing uncertainty following Trump’s ‘Liberation Day’ tariffs.

In the past 24 hours, EOS, the token that powers the newly rebranded Vaulta network, has witnessed an astonishing 22% surge. This remarkable increase follows the announcement of crucial components of the protocol’s Web3 banking ecosystem, poised to provide steadfast support to participants in the financial sector, Bitcoin, and the digital asset domain.

While many cryptocurrencies, including Bitcoin, have seen a downturn after US President Donald Trump’s ‘Liberation Day’ tariffs, EOS’s market cap skyrocketed beyond $1 billion, peaking at $1.2 billion, its highest mark since mid-February.

EOS forays into Web3 with CeFi, DeFi, payment solutions, and RWA features

Now operating under the name Vaulta, EOS has introduced the Vaulta Banking Advisory Council, which includes experts from banking, regulatory bodies, and digital currency sectors. In a post on X, the network emphasized that the council’s main objective is to “connect traditional finance with Web3 banking” by fostering collaboration among banking, fintech, and digital asset industries.

Vaulta has laid the groundwork for its banking ecosystem on four key pillars: wealth management, consumer payments, portfolio investment, and insurance. These components will enable Vaulta to tackle challenges in the CeFi and DeFi yield markets for Bitcoin while enhancing consumer payments, real-world assets (RWA), and insurance backed by cryptocurrency.

The exSat Network will serve as a Bitcoin bridge, facilitating the protocol’s role as a transport layer. Additionally, it will unlock liquidity for users within the ecosystem, positioning exSat as a gateway to the “broader blockchain ecosystem.” EOS aims to draw in major players like BlackRock, which is increasingly interested in digital asset services.

Another notable feature of the rebranded network is its staking mechanism, allowing users to earn yields of up to 17%. A reward pool comprising 250 million tokens has been established to back the staking rewards, putting EOS ahead of rivals like Ethereum and Solana, which offer yields between 2% to 7%.

EOS maintains bullish technical indicators

The recent surge in EOS’s price saw it reach $0.87 for the first time since January 20, marking a remarkable rebound from March’s support level at $0.45 (highlighted in green on the chart).

The Moving Average Convergence Divergence (MACD) is revealing a developing bullish trend, bolstered by green histograms. For bullish investors, maintaining support above $0.8 combined with increasing trading volume could validate a move towards the short-term target of $1.

EOS/USD daily chart

An uptick in social volume, according to Santiment data, further enhances the optimistic outlook. However, this increase in conversation around Vaulta should be approached cautiously, as it might indicate an impending price correction.

EOS social volume chart

The Relative Strength Index (RSI) is currently overbought at 78, suggesting a potential price correction could be on the horizon, particularly if traders choose to take profits. As the possibility of a pullback below $0.8 looms, traders might seek support from the 50-day Exponential Moving Average (EMA), the 100-day EMA, and the 200-day EMA, which are anticipated between $0.66 and $0.60.