EOS will soon be headlining the 3rd annual blockchain summit in Shanghai, China. China has been a global powerhouse for the success of cryptocurrency in general and we can expect further democratization of technology and continuing adoption.
15-20% gains in the next month are possible for EOS with this very positive news as Ethereum headlined the 2nd Annual Blockchain Summit in Shanghai last September and saw an increase in price over 20%.
It is likely that deep pockets are suppressing the price right now as EOS is nearing oversold line at 40 on the RSI index. For near term I am extremely bullish on EOS.
The EOS distribution scheme is still very much different than regular ICOs. Developing software takes time and that is no different for EOS I guess. I hoped the price would drop some more now that the ICO period has advanced quite a bit, but indeed prices seem to be kept up to a certain level. My feeling is not that it is suppressed but the other way around: kept up above $1-1.30 level.
But in the long run, that does not matter (and I cannot know whether there is undue influence in the price action; probably free market action).
The most important aspect is that the coin is launched at some point with good quality code behind it.
The price has indeed a clear bottom and people are waiting to jump in. The new ICO style makes it very hard to predict on a short term. On longer term we are all bullish I have the feeling, we just dont want to get in too early
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