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RE: The Price Of EOS Keeps Rising
One reason may the EOS.IO Developer Update by Dan himself. It shows promising things to come and i wrote also in several posts about EOS because i think it adresses many things in the right way. But we should also consider the token sale isn't over yet. About half of the tokens are out now (556 million). For distribution there are 444 million left and will dilute existing shareholder value in the next 7 months. Maybe we see a sharp fall after this pump because the token sale is going on til June 1st 2018 from what i know. Maybe it's FOMO and will further pump the price for a while.
Yeah. I haven't sat down and done the figures lately, but I thought the crowdsale address basically had a very set method for determining how many tokens 1 ETH would purchase.
Maybe the demand for the crowdsale has increased so much that the price on the open market is reflective of this function. Will do a little more research and hopefully bring some more information in the form of a post when I get it.
But EOS definitely has a bright future. Hopefully the market doesnt get too mixed up that it scares off investors.
I'll lookin' forward, follow you now. EOS is definitely one of the top Altcoins i have on my watchlist! Thank you!