EOS (EOS) Price Rockets with 31% Gain: Why Should You be Bullish on EOS

EOS Crypto

During Wednesday’s [4/12/18] trading session, in general cryptocurrencies are rising on price against the US Dollar. Based on the data from CoinMarketCap, all of the top-ten coins by market capitalization are on the green zone with EOS taking charge and spiking ahead with more than 31.00 percent increase in the last 24-hours.

While the leader Bitcoin [BTC] is still struggling to overcome the major $7,000 level, cryptocurrencies like Ripple [XRP – $0.5049], NEO [NEO – $58.82] or IOTA [MIOTA – $1.05] made it past the important marks.

Many are linking EOS price movement today with a possible token airdrop that has been circulating around for the past few days despite that narrowing down the real impacting factor sometimes is very difficult on such a market. However, this is no reason not to be on the bullish sentiment side when it comes to EOS as many arguments do support a more promising future for the coin.

Just to be updated – couple of days ago, the team behind EOS released EOSIO Dawn 3.0 on Github. This is in anticipation of the final release of EOSIO 1.0 that will grace the crypto-verse in June of this year. By releasing EOSIO Dawn 3.0, the EOS team have lived up to their constant project developments which are what crypto-traders and believers look forward to on a daily basis with blockchain projects.

The recent launch of EOSIO Dawn 3.0 proves that the project is on track to develop the much anticipated ‘most powerful platform‘ in the world of blockchain. With June less than 2 months away, the final EOSIO platform will give prominent platforms such as Ethereum and the Tron Mainnet – that is also slated to be released on 31st May – a run for their money and users.

For anybody that has kept track of EOS price movement, it is more dramatic than any other coin there in the game. In Nov 1st 2017, the pair was changing hands at $0.85, while two months later it reached $18.16. Despite the violent sell-off that took place for a couple of weeks now – the price is trading at a strong $7.88.

Another reason that fills EOS with promising value is the large community supporting the project:

  • The EOS Telegram chat group has over 43,000 very active members.
  • EOS has an almost similar number of over 43,000 strong on Reddit.
  • The project is also followed by over 131,000 Twitter users.

The gigantic number of followers who are rooting for the project is equal to gold-craze and hype build up while supporting the crypto-tech build by the team in the community. Many do expect a market reversal on the second quarter and a major wave of bulls based on historical performances of the assets during this time of the year.