EOS trade ideas
Some hope for EOS today!Hello to every crypto enthusiast over there!
To start with, we finally have some positive news about our favourite EOS here! EOS is in recovery mode
EOS had the lowest position of the Sunday of $3.08. The coin has gained over 8% in recent 24 hours.
EOS has overtaken the position of Bitcoin Cash from the 4th position in cryptocurrency rating provided by CoinMarketCap. The victory did not last long and currently the EOS coin is back at the 5th place with the market value slightly over $3B at the time of writing. Also, Stellar does not give up and threatening to push EOS to the 6th position.
To sum up all the news, at its current price, EOS is still 85.54% less from its all-time high of $22.98 set on April 29. Therefore, my predictions is that price will be around 3, 44$ during next 24 hours and in this case it will be a sign of stabilizing and more or less strengthening position.
A sustainable movement above $4.30 is needed to improve the longer-term picture.
EOS current positionHello, all interested in EOS currency, here are some of my thoughts concerning the current situation. Please, do not consider it as an advice or call for action, it is just an opinion.
Recently, there are more evidences appeared on various sources that some block producers or otherwise known as miners are in full control of the entire EOS network. It is an opinion that only the few block produces are able to have the ability to censor transactions, to restrict access from the network for some individuals and to secure their position within the network. In case, these statements happen to be true, it will lead to the fact that EOS network will be in control of few and work for their advantages.
Moreover, EOS was experiencing some delays in the launch of the platform as well as the various bugs discovered within the protocol.
Nevertheless, even if the news happen to be not very positive, we can see the "up-trend" during the last days . At the moment, EOS price stays in arrange after recoil from $4.3 support. The past few weeks have not been easy in crypto-conversion, however it is important to notice that EOS provided the first place in terms of chain transactions which is promising the upgrade trend and the rumors does not have much on more or less stable position of EOS.
