Price Volatility into Mainnet Launch Non-Existent - Signs of a Maturing Crypto Market?
Well, that was anti-climatic. I honestly expected to see some swings in the price of EOS in the hours leading up to the token registration deadline for mainnet, but quiet it was.
Calm instead of a Storm
Take a look at the chart below. EOS has basically been stuck in a tight range for the past week and I will admit it has surprised me. Buy the rumor sell the news is usually a reliable mantra to invest with, but EOS has skirted typical investment theory.....and maybe that is a good thing.
Or maybe people do not know what to do since this is basically a first of its kind process and investment.
Holding Registered Tokens
Given we did not get any kind of crazy price push up into the deadline I decided to hold all my EOS. Fingers crossed this all works out, but I wouldn't be surprised to see a sell off once mainnet is fully live and trading is available.
Here's hoping for us to moon though!
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Disclaimer: All info in this post is my opinion and for informational purposes only
I remember holding bitcoin for several years before it exploded. Calm before the storm.
I wasn't really expecting much after that run up to $23 at the end of April. There is usually a cooling period after that kind of price action. That was your end of token distribution/pre-mainnet run-up right there. Seems that the market is usually more clever than the masses and so many people were expecting more of a run-up before mainnet launch. I do think it will trend upwards and I expect $35 - $50 by the end of the year. That is a lot more conservative than many fans predict for EOS. But I kind of think most of the market will be mostly sideways for a year or so. Not a popular prediction but that's what I think. Then in a year or two Bitcoin will be at $80K - $100K, ethereum will be between $6K - $8 K and EOS will be at $800 - $1,200.
I'm of a similar opinion. Would be surprised if we see cryptos substantially higher this year as I think BTC will still be sub 20k come the near year.
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How do you expect eos to respond in the weeks after this precipitous event?
Posted using Partiko Android
How do you expect eos to respond in the weeks after this precipitous event?
Posted using Partiko Android
Yeah. I'm actually waiting for the sell-off after the mainnet launch. Will buy more after all the ICO launch noise go away.