EOS, Is It Worth Your Time?
EOS (EOS) – Overview And Long Term Price Forecast
EOS is a blockchain protocol that aims to provide a complete system for the smooth macrocosm of decentralized apps. Some of its features admit server hosting and cloud storage among others. The protocol emulates many another of the characteristics of a "orthodox" computer or network simply all on the defile and completely along blockchain. Scalability is at the forefront of its appeal with the network being fit to handle millions of transactions per endorse, a fact that makes it a competitor for the Ethereum dApp network.
The EOS ICO was uncomparable of a kind because it took place over a altogether twelvemonth starting in June 2017. IT raised $4 billion, which is a record surpassed only by Petro (PTR), the Venezuealan Petrodollar. The EOSIO platform was developed aside block.one (a private company), based on a white wallpaper publicized in 2017,the EOSIO mainnet went live in June 2018.
Although the project benefited from prominent scale leaf funding several network vulnerabilities were discovered leading up to the mainnet plunge and afterwards. The vulnerabilities put a scratch in the project's credibility and made many community members doubtfulness its integrity. This could be a reason for the low mass of Eos dApps created so far, and the reason wherefore Ethereum is still the #2 cryptocurrency away securities industry cap.
EOS/USD Price Analysis – The Big Motion-picture show
Presently trading at $3.60, Eos has a circulating supply Charles Frederick Worth $3,264,256,248, which puts it in the 5th identify reported to CoinMarketCap rankings. This is just behind Litecoin and about $1 billion ahead of the 6th ranked Bitcoin Cash just still well behind Ethereum.
Unlike just about other cryptocurrencies, Eos did not reach its uncomparable high at the oddment of 2017 but at the end of Apr 2018 which coincided with the launch of the mainnet. The highest prerecorded price was $21.46 (29 April 2018) but by December last class it had dropped to $1.61. The distich has been trading in a clear downtrend since hitting its highs and it Crataegus laevigata go lower. Even so, this twelvemonth has been relatively good for EOS which managed to recover from below $2.00 to a high of $4.40 in a move that smacks of reversal.
If we were to analyze 2019 exclusively, we could say the partner off is in a mild uptrend, affecting supra the 100 days Exponential Moving Mean and printing higher lows/high highs. Judgement from the larger perspective, this year's climb is a move generated by downtrend exhaustion which means that resistance to higher prices is likely to be strong. Once a strong pouch of resistance is hit I think this token will start tumbling back up towards last year's low.
American Samoa shown on the Day-to-day chart, EOS has already encountered resistance at $4.40 – $4.60 and has returned to test the early level at $3.10. The fashio damage behaves inside this channel will determine the next mass medium-to-long term Leontyne Price action: a break of resistance wish take terms into $5.80 (and possibly $6.90 – $7.00 during the next 3 to 6 months), while a break of the support around $3.00 will open the door for another drop into $1.55 expanse.
Every day Graph Support: $3.10; 100 Days EMA; $1.55
Period Chart Support : $1.55
Daily Chart Impe&ce : $4.60, $5.80
Weekly Chart Electric resistance : $4.60; $6.90
Just about likely scenario : the pair is in a long term downtrend so a drop below $3.00 has a high chance of occurrent; a break of $4.60 could avoid such a scenario
Alternate scenario : strong climb towards $5.80 resistance
Source: https://www.binaryoptions.net/eos-is-it-worth-your-time/
Posted by: marchandmoroate.blogspot.com
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