EOS has surpassed Litecoin (LTC/USD) as fifth largest cryptocurrency with market capitalization. On Thursday, the EOS price exploded by over 30 percent to reach $8.95. As a result, its market capitalization reached $6.95 billion, pushing Litecoin out of the top 5 cryptocurrencies.
The present EOS rally appears to be primarily connected to the eosDAC airdrop, whose blockchain snapshot is scheduled for April 15. 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.