Why is EOS pumping? 10 STEEM bounty

in #eos6 years ago

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EOS has been very strong in the recent bear market, but today it is pumping hard.

I have been looking for reasons but could not find any, so I am asking you: what is the reason EOS is pumping so hard?

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EDIT: Added some links to the posts I have read!


Three positive things I have heard about EOS in the last days:

  1. release of EOSIO Dawn 3.0 which makes it far better scalable (EOSIO Dawn 3.0 Now Available)
  2. news that EOS-community is by far the most active on Github compared to other blockchains (If GitHub activity is a measure of future value, EOS is flogging the rest of the pack.)
  3. Announcements of ONO, a new social network from China that will launch on EOS. (ONO White Paper: A Social Network Launching on EOS)

That's what I have heard, no gurantee any of that is "the" or even "a" reason ;) However to a EOS-noob like me it seems there have been some positive news and no negative ones!

Greets and have a nice day :)

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There are some reason behind this pumping. i think the most one is:
"It is Release due in less than two months."
most of trader look on the new items. thats it.

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Lets see...

  • A great Lead Developer that is trusted and knows his stuff, with a history of successes.

  • New information out not only on DAWN, but it's Interoperability.

  • Release due in less than two months

  • News of Airdrops is in the news (huge YouTube) exposure

  • And many people missed the ETH train, they do not want to miss this one.

Just some of my thoughts.

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Personally I think the main reasons are:

  • The market is looking for coins/projects that have relevant news. EOS has had the Dawn 3.0 update and people find it good enough of a reason to pump it.
  • Anticipation of mainnet launch in June.
  • EOSDac airdrop snapshot will take place on the 15th of April. Somehow these airdrops always disproportionally drive prices up temporarily.
  • Other potential reasons but probably not significant are the Upcoin exchange listing, recent comparisons between EOS and Ethereum Github etc.

I expect quite a big drop after the 15th of April though, and definitely a big drop after mainnet launch. This project is valued disproportionally to similar others if you ask me. It is a good project, but not that good. It takes years to build a good ecosystem around a project for instance and I don't hear much about that.

Mhhh, I love ur sentiment. I’ve been thinking a lot when to get in. I own way too little eos.

Upvoting your own comment on a Post with a @steem-bounty is not nice my friend :P

Seems like a problem with @steem-bounty rather than the user? Perhaps @steem-bounty should ignore self-upvotes?

Well. I’m not sure if the self upvote is a problem in the first place. What’s wrong with bringing a solution and voting for it.

Secondly, not allowing self upvote makes it easy for cheaters who use their 2nd account and hard for the host to cheat.

Hence the design to allow self-upvotes and be transparent about it.

If someone brings a crap solution to my bounty and self upvote I may very well flag.

I agree. In general I self-upvote as a way to reward myself for writing high-quality comments. Without my self-upvote, I'd likely participate less in the system.

It sounds like Steem bounties are subject to considerable gaming. Therefore, downvotes will be important for preventing abusive practices.

You are totally right, let's delete that vote :-)

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It's becuase of the eosDAC airdrop coming on the 15th.

I was gonna say the same, but you said it... It's the airdrop, so far means shit, will see later if it was worth it... It's all a gamble, even more childish then a bitcoin HF...

Yup, that is why we buy the rumor and sell the news. Ride the wave and sell before the snapshot, unless someone really wants the new tokens.

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I wish your grandmother good luck.

Lolz me too

Auf jeden Fall !!!

Good luck

I believe it has everything to do with the EOSdac airdrop coming up on the 15th. I was planning on getting some EOS myself in waiting for the airdrop but somehow, i decided to wait for the 14th. Now I am wishing I had earlier.

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I'm not 100% sure if this news is reliable, but according to one online article the South Koreans seems to be determined to pump the price of EOS. Here is the link to the article if you are interested. https://www.google.com.sg/amp/s/themerkle.com/eos-price-surpasses-6-again-amid-mini-bull-rush/amp/
The article is six days old but I think it's still relevant to the bullish pump EOS is having. I Hope it helps.

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There may be a few reasons

  • Antpool (Bitmain) is the one doing the pumping
  • EOS dac Airdrop
  • Dawn 3.0 release

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  • UpCoin Listing

UpCoin is a lovely wellknown cryptocurrency trade and on 10th April i.E. The previous day, they announced that they're going to record EOS. They tweeted, "comfortable to announce listing of $EOS & $TRX! Welcome to the #UPcoin_Exchange #UPcoin extra to return!"

As now we have noted time and time again, getting listed on a popular alternate does wonders for a crypto's value.

  • EOS Airdrop aid

more than one excessive-value exchanges have elevated their support to the eosDAC airdrop. Exchanges like OKEx, Bithumb, and UpBit have announced that they're going to be helping the airdrop.

  • March toward Mainnet

On April sixth EOS announced the release of their EOSIO dawn three.Zero. The mainnet variation is scheduled for liberate on June third 2018. Possibly this constant march toward mainnet is attracting more and more traders on their facet.

  • EOS vs Ethereum

news got here out that the EOS is allegedly selling its Ethereum proceeds on the open market, depreciating the ETH rate. Plus, on prime of that, over the last 24 hours, some of the more preferred articles on EOS have been "Ethereum vs EOS" pieces.

One of the most possible motives why these articles are immediately trendy is when you consider that of investor interest. As more and more competencies investors get into EOS, they'd wish to know how it compares to anything that they're all accustomed to i.E. Ethereum.

Congratulations! Your submission earned you 0.007 STEEM from this bounty. You have received 0.000 STEEM from the creator of the bounty and 0.007 STEEM from the community!

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