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More often than not, asset prices tend to recover following periods of stretching as the last two weeks demonstrate. In our case, unless we see a recovery in Bitcoin, most coins as Litecoin or EOS for example might extend their losses. Others as Stellar Lumens might be destabilized even after Facebook denying partnership claims. All in all, we remain bearish and unless otherwise, traders should search for selling opportunities in lower time frames.
Let’s have a look at the charts:
EOS Technical Analysis
From the News
It’s just a matter of when. EOSIO blockchain is working as pitched and with zero transaction fees and mainstream companies as Everipedia launching operations straight from the EOSIO blockchain, the network is the most active according to data from Blocktivity. On a normal day though, the network TPS stands at around 3700 but many project new records once Bancor are through with their cross chain communication.
Source by:bitcoin news app