EOS takes a dive after the first few days of gains. Veritaseum gains a massive 107% and Bitshares, NEM and LiteCoin all make big moves up today.
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Litecoin is currently on fire, and just for the record I think its recent rise is just the beginning. See the article I wrote below if your interested in knowing more context on why I think this.
The Potential Upcoming Price Ratio Correction: Gold vs Silver & Bitcoin vs Litecoin
https://steemit.com/cryptocurrency/@budz82/the-potential-upcoming-price-ratio-correction-gold-vs-silver-and-bitcoin-vs-litecoin
Really enjoy your daily videos - Keep it up!
Useful video information!
EOS still has 800 MILLION shares coming out over next 350 days(roughly), so won't we expect a steady price of under a dollar? I think i'm holding off on purchase. Market will dilute a little and if eos gains ground in 5 years those 500 tokens i get later this year for pennies(hopefully) will be massive profit. Long game though.
EOS was a good pump and dump early on after release (if you bought it right after it was added to Kraken and then sold it a few hours later you could of got about a ~4x return on your money). Since then it has been steadily dropping, and this downward trend is likely to continue to drop over the next few days/weeks/months and more and more coins are added to circulation, and you are correct will likely settle at less then a dollar when everything is said and done. Anyways I guess this is a learning curve for some people to remember for next time (any ICO which is released in chunks over a long period of time is not going to be a good medium term hold, instead it should be seen as a coin to capitalize on early and then quickly get out of dodge while you still have some profits).
Good points in this post. Nice to see I'm not the only one who thinks like this. The blockchain is here to stay. No matter what any crypto will do in the upcoming years. I think that's a conclusion we can make by now. I found this amazing platform: https://www.coincheckup.com For a complete crypto analysis on every single tradable crypto out there.