EOS developer Block.one recently responded to claims of suspicious voting activities among block producers (BPs). Last week, reports emerged that Huobi and other BPs were colluding to manipulate votes in the network.
Vote Buying Scandal Stokes Fears of EOS Governance Failure- EOS investors can't say they weren't warned.
What was foretold...
With the start of 2018, there have been many decreases due to market fluctuations. However, many crypto units ignored these breaks and made very important movements and succeeded. One of them, EOS took an unforgettable step by launching its own MainNet this year. EOS is working to make its...
Recently, EOS was surrounded by a lot of misperception and argument and got a lot of flake for the issue around its governance and mediators. Conversely, being a favorite among the experts, exceeding bitcoin in transaction processing and continuous Dapp developments, EOS is ahead for a good future no...
Altcoins values are appreciating with Bitcoin Cash (BCH) championing the rally. However, there is a technical undervaluation of EOS, while LTC, XLM, and TRX are gaining day by day creating a bullish recovery. If cryptocurrencies are valued above this week’s Fibonacci retracement zones between 38.2% and 50%, the undervaluation...
Although digital currencies are currently experiencing a bear market, crypto enthusiasts and investors are still optimistic of a market pull run. A study carried out by the Satis Group predicts the crypto trading volume to swell by almost 50% in 2019. The group further suggests a compound annual growth...
EOS/USD Medium-term: Bearish
Resistances: $6.0, $7.0, $8.0
Supports: $4.5, $4.0, $3.0
On September 24, the EOS trend was bearish. On September 21, the coin moved bullish up to $6.18. The cryptocurrency faced a resistance, which resulted in a bearish trend for the last five days. The price will probably drop to the...
EOS/USD
The overhead resistance breakout of $5.65 does not comprise a basis for bulls. EOS, contrary to our expectations, did not rise and recovered from $6.3117 on September 22.
EOS is now testing again the $5.65 breakout. The moving average support is just under the existing level. If the support bears...
EOS/USD Medium-term: Ranging
Resistances: $6.0, $7.0, $8.0
Supports: $5.0, $4.0, $3.0
Last week, when EOS’s price dropped towards $4,72, it was ranged bound as well. Afterwards, EOS moved bullish up to $5.02. Until September, the digital currency kept fluctuating above the level of $5.0.
On the other hand, the bullish trend risen it...
Recently, Michael Novogratz, the founder of virtual property management company Galaxy digital, restated his belief that digital currencies have reached the bottom of their pits, but a comeback is imminent.
Another famous billionaire, Tim Draper is unconcerned by the persistent drop in crypto markets, terming the situation as a golden...
