EOS Coin Bulls Gaining Force while Fast Approaching MainNet Launch

Stan Peterson Altcoin News PublishedMay 25, 2018 | ModifiedMay 25, 2018

eos coin

EOS Coin Bulls Gaining Force while Fast Approaching MainNet Launch

EOS bulls have come charging as it registers double-digit gains just days before its MainNet launch. Crypto enthusiasts are expecting EOS price to skyrocket with McAfee predicting it to reach $32 by July end. However, it also means EOS coin holders have a couple of days left to get registered or to lose their EOS coin.

EOS coin to moon, will it cross McAfee’s $32 EOS price prediction?

After a long depressing market, cryptocurrencies are seeing a boom in their prices. The positive upward movements might be slow and limited but these small shifts are far more significant than the drastic downward movements.

At the time of writing, all the top 10 digital currencies are in the green, however, EOS is the only one to register the gain in double digits i.e. 12.05 percent. At 5th spot, EOS is currently riding at $12.12 with the market cap of $10.65 billion.

In the last 24-hours, EOS price has seen a lot of movement as shown here.

Now, with the launch of its MainNet approaching fast, EOS enthusiasts and analysts all are trying to figure out the price level it will touch this time. Last time EOS bulls gained momentum, it went to its all-time high of $20.

John McAfee has already come up with his short-term crypto price predictions and is expecting EOS to hit $32 by July end.

In April, when EOS price surged, it took the market in an upward momentum. This time, as EOS price initiated the rise, other cryptocurrencies have also followed the green momentum.

When it comes to the trade domination, EOS coin volume has surged from $1.6 to $2.1 billion in the last 24 hours.

Also, read: Tron (TRX) Gaining Popularity while Attracting Big Names for Tron SR

Upcoming EOS MainNet launch: Few days left for token lockdown

With the EOS MainNet launch fast approaching, everyone has their eyes on June 2. This means only a few days have left before it splits from Ethereum. Hence, the message currently doing the rounds is, register your tokens.

After May 31, all the EOS held in the ethereum wallets will be useless as they will be locked down. Those EOS token won’t even be transferable.

So, make sure you register your balances via the official site of EOS. One can also send them to the exchange where you put them under the mercy of EOS core developers.

Reportedly, 50 percent of EOS addresses are unregistered that will have their EOS frozen unless they get themselves registered.

Exodus movement asked its users to register as it explained:

“EOS Mainnet tokens are to be distributed in a 1:1 ratio to the ERC20 tokens held by registered addresses. The current ERC20 EOS tokens are simply placeholders. All tokens are said to be swapped for Mainnet EOS tokens after the launch of the Mainnet.”

So, with just days left in the MainNet launch, the anticipation is at all-time high and the market is all ready to see the EOS prices skyrocketing.

What do you think will be the price level EOS coin will hit this time? Share your thoughts with us!

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Stan Peterson 118 Articles
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