EOS Driving Recent Ethereum Price Drop
EOS has been known as the "Ethereum Killer" due to its potential to both (1) replace Ethereum as a platform, and (2) tank Eth prices by dumping its large Eth holding (think Mt. Gox and Bitcoin). Is it finally going to unfold? News is circulating that TrustNodes has come out and blamed EOS for the recent Eth price tank as they are suspected to suddenly dump a large amount of Eth on Bitfinex, all while the overall crypto market has been weak. EOS is believed to own up to 1.1MM Eth.
So EOS or ETH? Who will dominant? I think it all comes down to the quality of the leadership, vision and execution. Only time will tell. Until then, we can only sit back, HODL both and watch.
I think ETH will win. Let's see.
I agree, I think there will always be a place for eth.
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