EOS Is Waiting For the Storm to Be Over

EOS is one of the top digital currencies in the world, sitting at the number five position on the list of top digital currencies with a market cap of about $10.8 billion. At the time of writing, the digital currency is waiting for the storm to be over and the return of bulls. Digital currency analysts are worried about the negative trend that is being seen in the digital currency market.

A lot of experts have said that this negative movement in the value of digital currencies in the crypto market might continue in the next couple of months as well.

SEE ALSO:   IOTA price predictions 2018: The cryptocurrency to look upwards (IOTA Forecast) IOTA news today -IOTA Cryptocurrency News - Wed Oct 17

The Current Value of EOS

Earlier this week, the digital currency was trading at $13.18, but right now it is trading below the $13 mark. At the time of writing, the digital currency is priced at about $12.4. In the past twenty-four hours, the value of EOS is declining at an alarming rate of 8.3 percent.

The Drastic Decline

In the past seven days, the value of the digital currency has been dramatically declining as it was priced around $18 on the 11th of May, and today, the value has declined to $12.4, more than a decrease of $5 in a period of seven days.

SEE ALSO:   Llew Claasen: Bitcoin will hit $40,000 and 90% of the cryptocurrencies will fall (Bitcoin Price Predictions 2018) - Bitcoin Price Today - Wed Oct 17

On the 29th of April, the values were almost up by 200% year-to-date compared to its current value. After the digital currency came down from that level, there has not been any vigorous momentum in the value of the cryptocurrency.

The Launch of EOS’s Mainnet

EOS is a digital currency that is linked to an innovative blockchain network which can be used for running Dapps (decentralized apps). There have been so many speculations about the launch of EOS’s Mainnet which is scheduled for early June. Analysts believe that the value of the cryptocurrency will surge after the launch of its Mainnet.

SEE ALSO:   Tron Latest Update: Justin Sun Announces a Specialized Chrome Wallet for Tron (Tron Price News Today) - Wed Oct 17


LEAVE A REPLY

Please enter your comment!
Please enter your name here

2 × 4 =

This site uses Akismet to reduce spam. Learn how your comment data is processed.