Cryptocurrency and Blockchain EOS, which operates as a smart contract platform for the distribution of decentralized applications (dApps), continues to perform well in short-term downtrend market conditions, and market analysts think this may be just the beginning.
After weeks of upwards in value, the fifth-largest cryptocurrency suffered a much-needed and anticipated drop.
However, EOS saw an 11 percent rise once again yesterday.. This increase was quite remarkable given the overall downward trend over the past week.. EOS reached the level of $ 23 on April 29.
After a significant rally, although it has been falling, EOS still maintains a serious bullish momentum.
Blockchain investor and advisor Oliver Isaacs, About EOS He told Forbes:
“Despite the price drop, EOS is extremely active with a 24-hour trading volume of $1.67 billion.”
EOS, It continues its bullish momentum as it will launch its mainnet on June 2nd.
eToro senior market analyst Mati Greenspan made the following statements regarding the transition of EOS to its mainnet:
“ Crypto enthusiasts from all over the world are the root of the EOS mainnet. extremely excited about launching. This will be a groundbreaking event the industry has yet to see.”
Greenspan also likened EOS to digital real estate:
“If Bitcoin is digital gold and Ethereum is If digital oil, EOS is like digital real estate.”
Likewise, Oliver Isaacs doesn’t expect EOS’s overall uptrend to slow down anytime soon:
“EOS’ I expect it to start a bullish move after the mainnet launch. The ICO has been running for over a year and will finally conclude on the day of launch. The mainnet launch will be instrumental to the success of EOS, which is still an Ethereum token.”
If EOS successfully launches its mainnet and the platform can live up to its promises, EOS will be on the rise.
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