EOS has surpassed Litecoin (TIKER: LTC/USD.BITFINEX) as fifth largest cryptocurrency with market capitalization.
On Thursday, the EOS price exploded by almost 33 percent, outpacing every other top 100-cryptocurrency.
The present EOS rally appears to be primarily connected to the eosDAC airdrop, whose blockchain snapshot is scheduled for April 15.
On thе 300th day of the EOS ICO all Ethereum wallets holding at least 100 EOS tokens will receive an equivalent number of eosDAC tokens, which will ultimately be transferred to the EOS mainnet once it launches later this year.
Users holding fewer than 100 EOS tokens will eventually be able to claim their airdropped eosDAC tokens as well, though they will have to do so manually.
By Jade Olafson