About a month ago, Yves La Rose, the CEO of EOS foundation took to Twitter to remind the EOS army that the ecosystem still has a lot to offer. Interestingly, less than a month after La Rose’s speech, the EOS token seems to be reviving.
EOS is now more than 20% up from the past month, and the token currently trades at $1.15. The EOS ecosystem had its best days in 2018. Around April that year, the token crossed the $20 mark and was tipped to perform even better in the coming years. Sadly, the blockchain protocol could not sustain its hype and its decline started then.
EOS’ CEO Blames Previous Management for the Poor Performance of the Token
Yves La Rose called out the previous management for not letting EOS reach its potential. To defend his claims, the blockchain engineer referenced Tweets from Vitalik Buterin criticizing the protocol’s leadership.
While several tokens found their “moons” in the 2021 Bull Run, the performance of EOS was less than impressive. EOS failed to reclaim its all-time high, while Bitcoin, Ethereum, and many other alts reclaimed and surpassed their previous highs.
Further, EOS fell off its ranks as a top ten cryptocurrency, with the likes of Cardano and Dogecoin overtaking the token.
At the moment though, Yves La Rose claims the “snakes” in the project’s leadership board have been evicted and EOS is ready to rebuild and recover.
The EOS blockchain boasts one of the best blockchain networks, and Yves La Rose claims the protocol is the only blockchain that can handle over 100 million daily transactions.
Notably, the EOS code base powers WAX blockchain, the world’s most active blockchain, and Tellos, the world’s fastest EVM. EOS community members will be looking forward to how Yves La Rose will possibly collaborate with Vitalik Buterin to revive the most scalable layer one blockchain.
