EOS recently gained a lot of limelight as two independent sources from China and the US ranked EOS at in their list of cryptocurrencies. The list included Bitcoin (BTC), Ethereum (ETH), XRP and Tron (TRX) as well. However, the growth of the number of transactions and transaction capacity in EOS is unparalleled.
The 11th monthly edition of the rankings of Public Blockchain by Chinese Agency, Center for Information and Industry Development (CCID) placed EOS as the first position. The annual report of Weiss crypto-ratings also placed EOS at the top w.r.t. all-round performance in technology, transaction volume, capacity, and risk vs. reward ratio.
The price of BTC at 6: 30 hours UTC on 27th March is $4.06. It is trading 11.1% higher on the daily scale. A Break-out from the symmetrical triangle above the resistance line started the bullish action. EOS was trading around $3.65 on 26th March.
The main catalyst for the jump in EOS might have Dan Larimer’s hint at a big announcement in June 2019. Block.one released a teaser for its event to be held in June 2019; Hashtag #B1June has become popular on Twitter.
According to the Official Website:
Block.One released a teaser for the upcoming June 1 event that Dan Larimer and Brendan Blumer have been hinting at recently.
— Block.one (@block_one_) March 25, 2019
According to reports, the announcement on June 1 will be huge. EOS is emerging as the most advanced Blockchain Platform for Smart Contract and Dapps Implementation. EOS is currently ranked in the top 5 cryptocurrencies by Market Capitalization with a market cap of above $3.5 billion.
Do you think the break-out will continue or corrections are in order? Which is the best Dapps platform according to you?
A blockchain enthusiast, my expertise extends to marketing and advertising through which I was able to help a few notable startups in generating initial traction. Follow me on Twitter at @abhinavagrwl94 and reach out to me at abhinav[at]coingape.com