EOS Headlines 3rd annual Blockchain summit
EOS will soon be headlining the 3rd annual blockchain summit in Shanghai, China. China has been a global powerhouse for the success of cryptocurrency in general and we can expect further democratization of technology and continuing adoption.
15-20% gains in the next month are possible for EOS with this very positive news as Ethereum headlined the 2nd Annual Blockchain Summit in Shanghai last September and saw an increase in price over 20%.
It is likely that deep pockets are suppressing the price right now as EOS is nearing oversold line at 40 on the RSI index. For near term I am extremely bullish on EOS.
The EOS distribution scheme is still very much different than regular ICOs. Developing software takes time and that is no different for EOS I guess. I hoped the price would drop some more now that the ICO period has advanced quite a bit, but indeed prices seem to be kept up to a certain level. My feeling is not that it is suppressed but the other way around: kept up above $1-1.30 level.
But in the long run, that does not matter (and I cannot know whether there is undue influence in the price action; probably free market action).
The most important aspect is that the coin is launched at some point with good quality code behind it.
The price has indeed a clear bottom and people are waiting to jump in. The new ICO style makes it very hard to predict on a short term. On longer term we are all bullish I have the feeling, we just dont want to get in too early
Congratulations @moonkangaroo! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations @moonkangaroo! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations @moonkangaroo! You have received a personal award!
Click on the badge to view your Board of Honor.
Do not miss the last post from @steemitboard:
SteemitBoard and the Veterans on Steemit - The First Community Badge.
Congratulations @moonkangaroo! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!