The Ethos token was designed to help improve and support an ecosystem that involves payments and wallets. When it was picked up less than a week ago, it was claimed for just $1.20 in a bid, and the developers behind the token built up their “big announcement,” helping the token to stay at $1.50 in value for most of the weekend.
Even though there was plenty of hearsay around the token, including the idea that there was a major deal with Wall Street, none of these ideas came to fruition. Instead, the company announced their launch of the Ethos Universal Wallet, so consumers will be able to keep all of their assets and token in a single mobile device. Their wallet was issued in the Netherlands, Germany, and the United States for the last 72 hours, a step that caused a lot of attention in the crypto community.
In those days since the bid, Ethos’s token has risen to $3.35 in value, which is the best spike they have had since May 14th. However, according to CoinMarketCap, it has fallen back down to $2.00, and then to $1.90, though it still has had a 50% increase either way. Right now, it is one of the best-performing tokens on the market.
With all of this excitement, the platform was underwhelmed by the response to the support of the new software system.