The prices in the market are slowly moving back up, not all coins are moving back up but Bitcoin is still not above $7000 which means to be the number that everyone is focusing on. Everybody wants Bitcoin to go back above 7000, this is the number you will constantly find online.
They say bitcoin needs to go above $7,500 in order to break this current trend.
What's interesting is that a lot of other coins have stopped waiting for Bitcoin. EOS is currently up by 11%, that seems to be because of the Dawn 3.0 release which a lot of people were waiting for which means that the next step is the main net release.
A lot of other coins are also up, Ontology up by 16%, ICON by 13% even Dogecoin is up by 13% as well.
So we've gotten to a point in the market where I think that everyone has become so restless with what has been going on with Bitcoin.
There's a lot of articles floating around on the internet about the price of EOS, because everyone's been waiting for the launch. I think we have about eight to seven weeks left before it officially launches and even soon sometime this week it possibly passing by Litecoins to be in the number 5 spot, which some people are thinking that it is definitely going to happen as Lightcoin isn't posting any gains at this moment.
There's also a lot of talk about Bitcoin stagnation. Now a lot of people out there love Bitcoin, it's great it's number one but everyone thought that lightning would do something to the price of Bitcoin that it has not done and this is causing a lot of other projects to slowly get tired.
If Bitcoin posted 2 or 3 percent gain, other coins maybe had half a percent of a gain and I think that time is possibly over because as we get closer to the summer, a lot of these coins and projects are going to start officially launching.
Even EOS has I think 1,000 apps that are going to be built on top of it once it launches. So this is going to be very significant moving forward and if this triples in price because of hype, it will be next to Ripple and Etherium, and at that point, it's up to Etherium to start launching Plasma or Casper because things are getting serious and everyone is tired of not making money.
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