Today EOS released their announcement about the current situation, for the people who are registered on eos.io check your email.
The initial part of the statement says, and I quote:
Our internal testing shows that the software is currently able to sustain over 10,000 single threaded transactions per second on a multi-node network. This puts it on track to support over 1 million transactions per second on machines with over 100 CPU cores.
Sounds absolutely amazing right? There are many other news and interesting things written on the announcement, as the fact that they are ahead of their schedule, this means they are working very hard.
The full statement can be found here: https://steemit.com/eos/@eosio/the-dawn-of-eos-io
Let's take a look at the current crypto market situation, and how EOS is doing right now; first off we can take a look at the total market capitalization, in the last days there was a drop of several billions, this could be due to the normal weekend cash out, or for any other reason.
As we can see, the market reached an all time high of 172+ $ billions, as it started to drop and as of now it is at 167,5 $ billions.
Here we can see the red markets that right now are burning pieces of the market as more people get on the wave and start selling off to cash out their gains:
There was an interesting moment in the market dominance, Bitcoin is still the king of the cryptocurrencies, even if it got attacked left and right by many new interesting projects. The one who got very close is Ethereum, that with the announced Metropolis fork got a huge amount of capitalization. On June 14 BTC had a ~38% dominance while ETH had ~31%, this was the closest ETH got.
Now let's focus on the EOS charts:
EOS started to be traded at around 1,03 $, it raised an all time high of more than 5 $ to drop again until it went below 2 $.
Right now EOS is at around 1,27 $. As the new announcement came out, EOS is showing to be a sleeping giant, and this might be a good price to get in, otherwise if you want to get some EOS and forget about them, wait to see when the market will reach his lowest and get ready to buy!
THIS IS MY OPINION AND NOT A FINANCIAL ADVICE, I DO NOT TAKE ANY RESPONSIBILITY FOR YOUR ACTIONS, YOU AND ONLY YOU ARE RESPONSIBLE FOR WHAT YOU BUY AND WHEN.
I made this post because in 1 or 2 years I want to remember how much EOS was worth today, and I hope many of you will join me in this adventure, see you in the future, EOS TO THE MOON!
Images edited from Pixabay and CoinMarketCap.