The beginning of the last 72 hours saw EOS rise to an astounding high. What followed the remaining 48 hours is a sharp decline: a correction you may call it.
A lot of investors and analyst were keen on seeing it surpassing ethereum had it continue on that upward trend. But you know in cryptocurrencies, such sharp rises are almost always followed by a correction.
And for the fact that these coins are pegged to bitcoin makes it a roller-coster of some sort. Up they go together likewise down together until we see (the foreseeable future) them pegged against the USD.
EOS peaked at over $22 per coin with a marketcap of over $17 billion dollars. The above price shows its current state and going by the weekly chart, EOS is still in a healthy state.
The mainnet to be launched 1st of June is among some of the factors making it volatile at this moment. FOMO you know.
