Operating as a smart contract platform for the delivery of decentralized applications (dApps), EOS continues to perform well in the market conditions of the short-term downtrend, and market analysts believe that this may be just the beginning.
The cryptographic currency and Blockchain EOS, which act as a clever contract platform for decentralized applications (dApps), continue to perform well in the market conditions of the short-term downtrend, and market analysts believe that this may be just the beginning.
The value, after rising for weeks, was the fifth largest crypto currency, experiencing a needed and expected decline.
EOS Price Today
However, the EOS once again saw an 11 percent increase yesterday. This increase was remarkable when the overall downward trend in last week was taken into consideration. EOS reached $ 23 on April 29.
After a significant upsurge, despite the decline, the EOS is still continuing a significant upward momentum.
Blockchain investor and consultant Oliver Isaacs told Forbes about the EOS:
“Despite the price decline, EOS is highly active and the 24-hour transaction volume is $ 1.67 billion.”
The EOS continues its upward momentum as it will launch its main network on June 2nd.
eToro senior market analyst Mati Greenspan explained the following about the transition of EOS to its main network:
“The crypto enthusiasts from around the world are very excited about launching the EOS main network. This will be a groundbreaking event that the industry has not yet seen. ”
Greenspan also likened EOS to a digital real estate:
“If Bitcoin is digital gold and Ethereum digital oil is EOS, it’s like digital real estate.”
In a similar vein, Oliver Isaacs does not expect EOS to slow down in the near future, in general:
“I expect to start a bullish move after EOS’s main network is put on the market. ICO has been working for over a year and will finally finalize the day of the launch. The main network opening will still be effective for the success of the EOS, which is an Ethereum token. ”
If EOS starts its operations successfully and fulfills its platform promises, we can see that EOS has gone uphill.