Chart Of The Day: Is Voice A Success?

in voice •  8 months ago  (edited)

COD EOS steem bitcoin cover.jpg

Some investors and scientists are seeing the Market something almost so great as God. They think the market knows it all. All information is included in the prices. That’s because it is impossible to beat the market. The Market is almighty. Etc., etc.

Hit or flop?

I couldn’t register to Voice, the new EOS-blockchain social media application, although I tried. They simply didn’t answer my request. So be it. But if the market is so wise and knows it all, then, the same market can tell me if Voice is a success, a great thing. Or, maybe not, it is a flop, a defeat.

That’s because I was wondering how EOS has performed in the last weeks. Voice was announced on the 1st of June, so I made a comparative chart from this day.

COD eos steem bitcoin steemit1.jpg
(Click for higher resolution. Chart courtesy of
Tradingview.com)

If we think the chart tells us all, the chart is wise, then Voice could not be a real success, because EOS was clearly underperforming. Fell 30 percent from May 31, while Bitcoin jumped 30 percent. Our Steem price, about which all are complaining, fell “only” 15 percent in these 5 weeks.

Expectations and reality

Although, there can be other reasons than new developments. I think Bitcoin has had no innovation recently. Steem is preparing a hard fork, but nobody knows in reality, how it will end.

Another explanation is that Voice is some sort of success, but a lesser one than expected before. The news or gossips of the upcoming application were previously arriving at the market. EOS was surging a lot in the 5-6 months before (to more than 8 USD from 2 USD). (See the second chart.) So, the fall can also be a correction of the previous highs.

ChartOD eos steem btc.jpg
(Click for higher resolution. Chart courtesy of
Tradingview.com)

The series

I think I make a series with the title “Chart Of The Day”. I see every day interesting things on the markets or in the news. The first part is here:

Chart Of The Day: Wow, Wow, How Overperforming!

(Cover photo: Own work)

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Steem is my favourite stable coin :)

Posted using Partiko Android

Price move limited. On the upside.

I don't see any value in EOS that is justifying it's market capitalization.
Always wondered what people try to see in it.
Maybe they are blinded by the greed.
Maybe the chart does currently reflect some sort of discretion.

May the Steem be with you !

I didn't register to it, if you say so, seems no need to do.

Posted using Partiko Android

You got a 86.19% upvote from @brupvoter courtesy of @deathcross!