EOS (EOS): Ethereum’s Competition

EOS seems to be doing pretty well even though lots of big currencies out there are dizzily dropping. From being launched less than a year ago, this coin is said to be progressing pretty rapidly, already ranked the 9th coin on the global coin ranking list. This case poses the question: Is it possible for EOS to “take down” Ethereum in the following months?

Here is a chart :-

EOS taking down Ethereum?

Many people are speculating that a platform like Block.one with EOS as its main token of value could easily take down Ethereum. Can this case scenario be true?

Most probably, yes. Given the fact that EOS is being traded at 9$ per one coin while Ethereum costs nearly 100 times more per one unit against the dollar, investors are more likely to be focused on buying EOS rather than investing in Ethereum. This is a perfectly normal scenario.

Let’s imagine that you walk into a store and see two jackets: now the jackets may be a bit different in color, but they are made out of the same material and in the same way. There is one difference though: one of the jackets costs 9$ while the other costs 800$. Which jacket do you ?

Now that EOS is rapidly progressing with reaching the price of 8.73$ even after a decrease that went up to -6% against the dollar, Ethereum seems to be “threatened” by another similar platform that does the same work – only at an improved pace.

It is said that EOS is now even having faster transactions that can be easily done in no more than 1 to 10 ms of runtime, which probably adds to its value.

With its current state, EOS with its platform Block.one is enjoying the perks of being listed at 9th spot of the global coin ranking list, now being side by side with big coins.

What to Expect from EOS in 2018?

If we take into consideration that EOS has managed to make exceptional progress in only a couple of months of its lifetime, this digital coin is already carrying a promise to become one of the top coins on the market, and not just a top ten coin on the list.

If you add the fact that Ethereum is falling to despair with constant decrease that has made this coin drop for over 400$ per one coin, which is a pretty tough loss, EOS can easily take Ethereum’s place by the end of the year. This would be the case only in case Block.one would perform flawlessly, that way inviting new investors and making old investors stick around without selling off the coins.

The way things are working for EOS now, tells us that this digital coin is on the road to increase its trading volume, also increasing the price per one coin possibly to 20$ by the end of March. This would be the case only in a scenario where this token wouldn’t be experiencing massive and often decreases. All in all, it seems that 2018 is going to be more than favorable for EOS.

Source :- https://globalcoinreport.com/eos-eos-ethereums-competition-prediction/