The EOS Mainnet launch didn’t go as planned and many members of the community are feeling discouraged. If you’re one of those people who is losing hope in the EOS blockchain, it’s time to rebuild your confidence. One thing you need to keep in mind is that the EOS team is struggling to fix all the problems that it gathered from depending on Ethereum all this time. One of the major changes to be made is becoming 100% decentralized. Keep in mind that this process is going to take a while. It’s not something that is done overnight.
Will EOS Price be as High as $30 By the End of 2018?
Cryptocurrency analyst Andreas Townsend, claims that EOS price will go as high as $30 before the end of the year. The main reason for this prediction was the Mainnet launch and the history of Ethereum which went from $10,00 to $285 within January and July last year. As soon as all the issues that came with the Mainnet are fixed, the platform will be more stable and you can expect a fair increase in price.
EOS Price Today / USD
Also, the EOS blockchain has become a favorite in different parts of the world. Recently, the Chinese government made EOS number one in its list of best cryptocurrencies. This is the because the government recognized the exceptional nature of the EOS blockchain and the different case uses.
Also, Block.one is making arrangements to completely overhaul the EOS constitution and abolish the current controversial one. This move will also increase the integrity of the coin.
Keep in mind that the cryptocurrency market is like a body of interrelated organs and Bitcoin is the figurative heart. So, as the price of Bitcoin increases, the entire market follows. Bitcoin has managed to break away from the $6,200 level selling as high as $6, 640 yesterday. Analysts predict that Bitcoin will create a new all time high this year. So, as long as the price is Bitcoin continues to rise, the price of EOS and other cryptocurrencies will rise.