What is EOS Coin? EOS Hit $5! Should You Invest?
EOS Coin is a newly released cryptocurrency / token ICO. EOS Coin brands itself as the way to decentralize everything and as the most powerful infrastructure for decentralized application. EOS Coin has had a lot of hype surrounding it and has been compared to the Ethereum and Lisk platforms. EOS Coin allows you to use their platform to build decentralized applications. They provide a web toolkit for interface development and has the ability to support thousands of commercial scale DApps. I believe that EOS Coin has the potential to be big and was shown enormous support initially, seeing it rise over 300% to $5. Hope you enjoy!
I am going to buy into EOS at some point, thank you for letting me know that eos has not gone through the roof.
Not to be a downer here but I think we need a dose of reality when it comes to EOS. It might rise to a stable $5 in the future but consider what a $5 coin means first.
$5 means the market cap is $5B after all 1B coins are distributed in a year. This would put it at the number four position behind Bitcoin, Ethereum, and Ripple (assuming no other movement). That market cap is also higher than the market cap of Litecoin, Dash, Monero and Stratis combined!
Secondly, it is unproven technology. Until projects actually start to use it, the platform gets stress tested in real world applications, and bugs start getting squashed the valuation is all speculation based because there is no functioning tech that any other business is using yet.
EOS may have a very positive future ahead but today it is all hype that will die down once the next amazing coin surfaces. Same thing happened to Stratis... Going from $0.50 to $11 in a matter of weeks. Does it deserve that valuation today? No. And the market has since pushed it back down until it can prove itself. I am confident Stratis will go back up, but it needs time.
So I'd be wary of anything over $1 for EOS until this white paper is actually turned into a real platform. For those who got in on the first round of the ICO, I think they are in good shape. Anything after, not so sure.
Again this comment isn't intended to down play your view but I just think we have to be wary of what actually happens in this market and that speculation is the name of the game for now.
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