The EOS network monitor indicates that transaction volumes have been as high as 3972 per second in the past. The EOS network continues to be the most high profile challenger to Ethereum’s dominance as the go-to smart contract and Dapp hosting blockchain platform. This may suggest that a short term price revival is upon EOS, with an eventual Kumo breakout retest. Unfortunately, for EOS, this falls in line with the prior mean reversion supposition and expected price target of ~$1.Last, there are two rays of positivity for price. This essentially means transactions on EOS are not permanent or immutable.
The EOS network continues to be the most high profile challenger to Ethereum’s dominance as the go-to smart contract and Dapp hosting blockchain platform. The EOS token is currently the 5th largest crypto asset, with a market cap of over $4.2 billion (compared to Ethereum’s $21 billion).
It currently trades at $5.40, down ~74% from an all time high of $20.70 (Index), achieved on April 29th 2018, just over four months ago. Daily exchange-tracked trading volumes are also down approximately 85% from this peak.
It has been a sharp drop in sentiment and price performance over a relatively short time period. The positive sentiment around the network’s mainnet roll out on June the 9th, was badly dented by an apparently botched launch and immediate...
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