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While this sudden and unexpected uptrend continues to make headlines, it remains interesting to take a closer look at market trends. Although most major markets are doing pretty well at this point, it seems like the price of EOS is struggling to keep up. Although its earnings are by no means a cause for concern, it is clear that some "competitors" in its market capitalization tranche are more successful.
EOS Price: the uptrend requires more conviction
Many people really wonder how long this Bitcoin momentum can stay in place. With a gain of nearly 26% in recent days, it is clear that this increase has far exceeded the proportions. This is not necessarily a bad thing, but it will be intriguing to see how all markets will respond to this challenge over the next few days and weeks.
Up & # 39; to EOS price, the current uptrend is not half bad, but is not too impressive either. A 15% increase in the value in USD means that an EOS is sold at $ 5.47. There is also a gain of 6.15% in EOS / BTC, bringing this ratio back to 0.00106 BTC. Both trends are more than acceptable, but far less significant than Litecoin, Bitcoin Cash and several other markets. Changing this scenario will not be so easy.
On social media, there have always been some very interesting discussions about EOS. C4Chaos, for example, wonders why anyone would want to use XRP or Bitcoin Cash to send transactions with fees when EOS can do it at no extra cost. An interesting sentiment, although we should advocate the use of most major currencies, chips and badets for current transactions today.
why would anyone want to use $ BCH and XRP $ for a small transaction fee when they could send $ EOS no cost? ah yes, because @coinbase is always marginalizing #EOS ??? https://t.co/HNpqQv1uVf
– ~ C4Chaos (@ c4chaos) April 3, 2019
With respect to the current App ecosystem, EOS and Tron have grown significantly in recent times. Half of them belong to the EOS ecosystem, which is rather intriguing. It is obvious that there will be a fierce competition with Tron in this department. Even in this case, there is no record of Ethereum-based dApps in the top 10 currently, which is rather telling.
Half of the top 10 DApps belong to #Tron, while the other half belong to #EOS.
Which one will take the majority and emerge at the top? ⛰
T comment for $ TRX
Comment E for $ EOS#Crypto #TRX– TRX Colony (@TronColony) April 3, 2019
Coinbase's reluctance to allow EOS trading at the moment is causing some concern. While this is not surprising, we must not forget that the company will continue to add new offers over time. It is difficult to predict whether EOS will be officially supported or not. Logic would say that this will be the case, but cryptocurrency is not always a rational industry.
Their reluctance to the list #EOS is just weird
– Natasha Carter (@Natasha) April 3, 2019
If we consider the situation as a whole, it is obvious that this downward race of the EOS will fall to pieces. The most used cryptocurrency in the world has shown no sign, but that does not mean it will not happen in the near future. This mbadive upward trend at the industry level will be corrected sooner or later. When that happens, all markets will have to buckle to prepare for the worst.
Disclaimer: This is not a trading or investment advice. The above article is for entertainment and educational purposes only. Please do your own research before buying or investing in cryptocurrency.
Image (s): Shutterstock.com
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