Ride that EOS wave and an update from Binance for EOS holders

in #eos8 years ago


Photo Credits: Forbes

Congrats to BlockOne and EOS on a successful 1 year ICO and mainnet launch. Its still early days, but certainly an exciting journey is ahead. For investors, its a dream come through for those who caught EOS while it was trading below 0.50 USD in October of 2017, currently its trading at 14.54 according to CoinMarketcap with a high of around 22.00 USD. Against BTC, EOS has had a phenomenal run, outpacing BTC but more importantly gaining and maintaining value. The mainnet launch had quite a wave and an expected pullback as investors took some profits just before the mainnet launch but it quickly gain value with a solid green candle that is yet to be retrace. Here how the chart look, with the solid green candle that lifted entire market.
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The bigger question everyone is asking, am I late to the party or where is it heading? I can't really give an answer but there are signs you can look for and I have listed them:

  1. Look out for where the developers are heading. A healthy sign would be an influx of developers
  2. The amount of dapps being built on the chain or working on the chain. An increasing number is a healthy sign but more importantly the experience should be better than whats available on the market.
  3. A diverse and budding community. A healthy sign would be harmonious developers, PR, blockchain auditors, etc all on the same page.
  4. Timely updates from the BlockOne Team outlining plans and projects.
  5. Capturing the Asian market. This one is probably the most important for me, as we move into the digital age of commerce, any project that can become the infrastructure that others can build on, would truly be the giants of tomorrow. If EOS happens to tap into the Asian market especially China with their President most recent romance of blockchain, it current valuation would be pitiful compared to what it would be.
  6. Maintaining a healthy trading volume. Anything above 1 billion USD shows great appetite and continued traction.

These are some of the signs we should look out for, you can add much more to the list. Nonetheless, the critics would be out in their numbers but I am expecting TOP3 target. One of my chief reason for giving EOS TOP3 target is the healthy trading volume, often outpacing Ripple and Bitcoin Cash, in fact, EOS trading volume double Ripple and also double Bitcoin Cash today. If you combine today's 24 trading volume of Ripple and Bitcoin Cash, EOS still beats them handsomely. I am also predicting that China would soon open its floodgates to cryptocurrency again and given their Ministry positive rating of Steem and Bitshares on their technological score, I am expecting further surge of volume given the simple fact that China has allocated billions towards blockchain development in the country.

Am I early or late to the EOS party?

It depends on the risk appetite and time-frame of investing. There are good times as well as bad times ahead, it all depends on how well you can ride the waves. I expect the competition to be fierce among the dapps platforms given the fact we already have so many from Ethereum, NEO, Tron, Cardano, etc but we are entering a new dawn so keeping investors/traders entice would be key to maintaining a footing. That's a wrap on EOS buzz and an update from the Binance Team.

Here a timely update from the Binance Team for EOS holders
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I’m fairly confident that all your points will be met. The only thing that makes me uneasy is the constitution. It is the biggest experiment on the EOS chain IMO. I don’t think it is too late get in but I’m not sure if we will see the standard post ICO dip or not. Almost all EOS will be staked by default initially so we may see a large ramp prior to a sell off in a few weeks.

The constitution is a first, nonetheless, we are into a new dawn, given dpos is his brain child, I think he would have learnt his lesson well, it might be something that works well with dpos to ensure that it is robust enough to deal with abuse where the code can do little to prevent...We may not see the usual dumping like what is happening with Bitshares and Steem as everyone has invested, and no one is really looking to sell below the buying price, and premine portion does not spill over into the market adding to the selling pressure...inflation isn't really eating to investor BTC value over time, so its a matter of getting the dapps on board

Open the floodgates!!

Let us see what will happen.

Hahahahahahaha....I am awaiting that China news, the chart are looking juicy on the 3 day, could go well with some fundamental news, like China, we could easily see EOS go to 36 as predicted and Bitcoin to 17K easily