EOS (EOS) Price Analysis: Despite Daily Dips EOS Still Able to Keep Weekly Returns Above 10%

Although EOS (EOS) is said to have lost almost million dollars to hacker attack since July, also being criticized for “sloppy” mainnet launch, EOS still makes one of the leading platforms for decentralized applications when it comes to volumes of users on a daily and weekly basis. That is how EOS might be able to keep up with the positive momentum despite the dipping cryptocurrency market. EOS is definitely going down with the rest of the market on December 14th by over -5% in the last 24 hours, the crypto is still managing to keep a positive return of over 10% collected in the last seven days.
EOS is thus one of the rare currencies on the list of top 30 currencies seen in a spike at least on the weekly level while the crypto long surpassed Bitcoin Cash by market cap. EOS has some of the most popular gambling apps, which might be one of the price pump factors able to push EOS against the market crisis.

EOS Dapps Score the Highest Daily Volumes: Dapps the Main Price Pump Factors for EOS in theMarket?

EOS appears to be one of the most commonly used platforms for decentralized applications even though Ethereum still has a greater market cap than the so-called “Ethereum Killer”. On December 14th, the top Dapp on EOS is a gambling application called Endless Dice. Endless Dice is scoring over 14,000 users within a course of a single day, in oppose to the top Dapp on Ethereum, Storj, counting a bit over 1,800 users. It might be possible that EOS is able to acquire a positive return of 10% in the market where toppers like Bitcoin and Ethereum are still having a hard time rising up above trading in the red. Additionally, the total number of users across all top five used Dapps for Ethereum and EOS barely over 2,000 users for ETH Dapps against over 22,000 users on the EOS platform in the last 24 hours.

EOS Price Today – EOS / USD

Name Price24H (%)
Bitcoin (BTC)

However, it appears that ETH is showing a spike against the fiat on the weekly chart by slowly transitioning to trading in the green. However, despite the fact that EOS is able to score 10% against the fiat in the last seven days, Coin Gecko is reporting major losses on bi-weekly, monthly, and its YTD charts where EOS is down by nearly -80% year to date. EOS also lost over -65% of its value in the course of the last month, which is the period following dips from November 14th. However, improvements in the market, in general, are already notable is it appears that the bear trends are slowly letting go.

What to Expect from EOS in 2019?

EOS last saw the value of 2$ back at the beginning of December,while after December 6th the crypto went below the initial value, however, still keeping the resistance above 1$. It is considered that the first quarter of 2019 will also be marked in bear trends, while Q2 may serve the cryptos as more benevolent in terms of price. Whatever the case, EOS is said to be able to keep the resistance levels above 1$ even in 2019.
Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.