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.
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.
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.