We’ve written a lot about EOS in the past months as it's been so impressive. But we still think perspective is needed to appreciate this runup.
On April 3rd, EOS traded for $6. Yesterday, the coin was above $22. Granted, a few licensing deals were announced that would perhaps improve the adoption of the coin in coming months, but gains of almost 4 times your money are hard to come by - especially in a month. If you look back further, EOS fetched 45 cents (yes, 0.45 USD!) in early November before BitCoin led the entire market higher. If my math is right, that's a gain of 50 times your money - just amazing. Possible only in crypto guys.
You have to wonder if these gains are sustainable. Boy, I wish I could tell you. We do own EOS and We won't sell it; that’s a great coin for long term holding. Yet, some pullback must come sooner or later, perhaps it is starting now. But there is still room to grow short term (until the main net is launched in early June), but probably after some consolidation first. EOS is also propelled by the fact that there will be a lot of airdrops to EOS token holders (remember to register your EOS tokens to be sure, however some exchanges like Binance can support airdrops).
Our impression is the market has temporarily coalesced around the notion that the EOS value proposition - relative to its overall price - continues to make it the biggest steal in the marketplace. As we know, the market can be very fickle and turn on a dime. If nothing else, this coin deserves closer attention and greater scrutiny, and we will continue to monitor it like a hawk and listen to what people are saying about it.
Disclaimer: information provided by @cryptomedics does not constitute as investment advice, financial advice, trading advice, or any other sort of advice, and you should not treat any of the website's content as such. Do conduct your own due diligence and always do your own research before investing. If you like our content, show us some love, upvote, resteeem it and join our Telegram Discussion or the MainCryptoMedics Channel.
