I will provide reasons why I believe the EOS token price is currently entering a Bull run.
My Investment case:
Main points:
- EOS Testnet will be launched on September 20th, in the London Blockchain Live. Since the ICO, one of the Red flag has been that “there is no product”. As soon as D.Larimer will show users and investors that there is a product easy to use and develop on, it should have a strong effect on investor’s sentiment
- The world is becoming more familiar with cryptos and are waiting for a strong backed-up projects that knows where to go. EOS seems to fit the criteria and he’s backed by Private Banks and Private Equity. The London Blockchain Live conference is attracting thousands of People this year and will be a great way to advertise EOS’ capabilities
- Block.one has strong financial power that can lead to strong partnership with big “mainstream” players and they woul probably buy a lot of advertising in London for the occasion. Block.one's CEO Brendan Blumer.is someone who knows how to present a tech product.
- EOS price has been under pressure since the beginning of the ICO because there is a lot of doubt and people calling red flags. I repost the most important sentence of the SGT interview of Joey, co-funder of Bitshares: “The people who say that there is no product yet, Dan has built 2 of them if they think he’s not gonna build the 3rd one, they’re crazy. This is the one he always wanted. The other 2 were just helping him get there.”
Other points:
- EOS intends to make programming even easier for developers as the actual Solidity language is not the perfect fit
- Ethereum is too slow to build apps as Steem or BitShares, EOS is designed to be able to host hundreds of these apps
- On EOS you would be paid for owning tokens (share of the network) that the dapps/companies will use
- EOS is not subject to mining that is computer intensive and ends up being less decentralized (7 mining pools mine 70,4% of Bitcoin Blocks)
- D.Larimer announced that his next product will be built on the EOS blockchain
- Yesterday Kraken exchange delisted EOS/EUR and EOS/USD pairs which put pressure one the EOS price, but it is now bouncing back
- From a technical analysis, the down trends is currently being broker which could allow an uptrend to take place
Trading Update
EOSUSD – 4 hours
EOSUSD – 1 Day
Interview with Dan Larimer about EOS – The Decentralized Operating System
THE EOS CONTROVERSY, STEEMIT & A WORLD OF CRYPTO - Joey, co-funder of Bitshares on SGTReport
Please remember that this is my own personal opinion and not a financial/investment advice. You need to do your own research to make your own decision. Investing in cryptocurrencies can lead to financial losses.
Have a Great day and let the Steemit community know by Upvoting, Commenting or Resteeming!
I think it will drop a bit more as tokens are released, but a year from now it will have massive gains
Not sure, if we have big bull trend during the London conference, people will start to have Fear of Missing Out and will rush to it.
True, when is the London Conference?
September, 20th. It is in the beginning of the Blog Post ;).
EOS was dropping for way too long. I expect some volatility until 50 percent is distributed. After that steady to the moon
Amen!
Do you think EOS will be the end of STEEM and BitShares (and many other things) due to the fact that similar applications can be built onto the EOS platform with ease?
That is what I was thinking about as he states it in the video.
It could be, nevertheless it could also move Steemit to EOS i am guessing.
We will see...
I'm pretty happy that I bought some EOS yesterday at $1.26 :)
Lucky you ! I did too but I had some a little bit before :).
I am happy I bought Ripple (XRP) last week.
I just made a nice sum in the last 14 hours buying EOS on margin. Only wish I had bought more ;)
On which exchange have you been able to do that with EOS?
This post received a 2% upvote from @randowhale thanks to @vlemon! For more information, click here!
This post has received a 1.56 % upvote from @drotto thanks to: @banjo.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Vlemon from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
Congratulations @vlemon! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP