EOS - (EOS) - Why I hold this & PRICE PREDICTION
EOS does everything that Ethereum does but better, faster and is more scalable.
They had their scaling down to a notch before their product was even out! Ever since the release of the EOS Main net they have hot their milestones, this project never goes stagnant.
Dan Larimer is the chief programmer for EOS, as well as Bitshares and Steem. Hopefully EOS can deliver the same quality as BTS and Steem, both of which are in the top 5 for most activity on the blockchain in terms of transactions, see link below:
Dan Larimer has a great track record, and he stated that his
"next projects will be built on EOS, not instead of EOS"
which I think is amazing.
EOS is five times more decentralised than Ethereum and they have secured huge partnerships with Venture Capital firms to invest these funds into the EOS ecosystem.
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Dramas:
Brock Pierce has left EOS now, which is good for EOS as he has an unsavory history, like John McAfee.
Big scandal, lawsuits by former employees of his previous company, a bankrupt web video venture. Pressuring minors for sex also...so him leaving the project is only a good thing in my opinion.
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Currently EOS is doing more volume than Ethereum, the amount of faily users is sky rocketing. Just for example their BET24 Dapp is seeing daily users over the 18,000 mark and this suggests to me that EOS is over taking Ethereum.
But the million dollar question is, when will the price reflect this?
In time we can expect EOS's market cap to match what Ethereum's is now, which as of right now is $18,184,224,189. EOS is currently at $4.1 billion. I don't think $20 billion is out of the question at all for EOS, and I think most people would agree.
The Dapps are exploding and there are a whole range of things happening on EOS right now. The coin has held up pretty strong in this November crash too.
Brendan Blumer (Block.one CEO) announced after the last Hackathon that Block.one would be releasing their next piece of software either later this year or early next year. That should be positive and generally bullish to see something finally coming out of Block.one. I mean they do release updates every week don't get me wrong but this will be something really tangible that the everyday token holder can notice and grasp.
EOS Price prediction:
This is tough one to estimate in a crash right now, but I would say with all the recent developments and the upcoming announcements, I would say $10 would be conservative for Q2 2019. I believe later in 2019 we will start to catch up with Ethereums market cap.
That’s all for today, thanks for reading.
DISCLAIMER: This post is not financial advice. This is just my opinions. I am not responsible for any investment decisions you make.
I have also not plagiarised any content, it is all my own unless I use quotes.
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