EOS Is the 2018 Winner So Far
Of the top 10 (probably true for the top 100) cryptocurrencies, only one has regained more than 50% of its all-time high. And that EOS.
source: coinmarketcap.com
The current price of Bitcoin for example is just 45% of its ATH of $19,500. Sadly all except EOS are in the same boat.
BTC chart: www.worldcoinindex.com
So what is driving EOS faster ascent to its previous ATH?
EOS chart: www.worldcoinindex.com
I've done some research to find out but other than the fact that June 2018 is a huge event in the EOS journey, I couldn't find any other reasons. EOS Dawn 3.0 Milestone is set to be released in June 2018.
It's either some "unknown" factors are hyperventilating the price of this crypto or this is just a knee-jerk reaction to the upcoming Dawn 3.0 release.
What's hard to comprehend is that while other altcoins like Steem have existing platforms that reinforce the value and use of the currencies, both (Steem & SBD) in this case just mirror bitcoin's price movement.
Assuming this incredible price ascent by EOS is just a hype, will it crash and crumble just like many of its predecessors? Or are we missing something of great value? One thing that helping the price to go up is the ongoing ICO. It's a one of the kind, ingenious way managing price volatility by spreading the ICO over a 345-day period and amassing about $1 billion USD in the process.
What do you think is driving EOS's faster price recovery?
Disclosure: This post does not intend to provide investment nor does it represents that the securities or services discussed are suitable for any investor. Investors are advised not to rely on any information contained in the article in the process of making a fully informed investment decision.
Thanks for the update in the cryptocurrency rate.Nice knowing you.i have upvoted and resteemed your post.
thanks @samosticallt for the upvote and resteem.