The results are in! The China Electronic Information Industry Development, CCID voted EOS as their number one ranked best blockchain network in the global market. They based their rankings on the criteria of technology, applicability and innovation. EOS beat both Ethereum and NEO as the runner ups which is a debatable topic all to itself. Nevertheless lets take a look at the Key Points for EOS and where its headed for the year!
Below is the Yearly Key Points. Please zoom in for better analysis.
We can see that in the beginning of January we broke the second key resistance at $11.00 and surpassed the third resistance at $14.25 to retrace back into the consolidation zone. From February 2nd to March 18th we saw a perfect move from the second key resistance to the second key support at a low of $4.40.
EOS bounced from the second key support and pumped beyond the year's high on the anticipation of the mainnet launch. Since April 29th EOS has been on a down trend respecting the second and third resistance around mid and late May. Now in the month of June, Eos has made its way down through the first resistance at $9.90 and back up to the second resistance then down again to our magical KEY POINT for the year, which was $6.89. On the 24th Eos had a low of $6.8926 on Bitfinex respecting the magical Key Point to a T. We've seen this point tested early in February and mid March as well and we still have half the year left.
With news, the hype, the technically difficulties out the gate there's a lot riding on EOS to be the Ethereum killer. It could be a huge success or it could possibly flop. I've made 2 simple scenarios for the rest of the year where EOS will explode or die miserably.
Heres a positive prediction of EOS's takeover upwards to a 45-50 billion dollar market cap valued around $50.00. The recovery in the market might take a while but surely EOS will be the one that blows up if all things go well.
On the opposite bet if things go terrible for EOS and the market as whole I'm sure we will see respect to the second support again and respect to the third support and then ultimately down.
I am personally bullish on EOS and see great growth.
What do you think the future holds for EOS?
Do you think EOS rightfully is the best blockchain network of 2018?
Steem was on the top 10 by the CCID! How do you see Steem going up the ranks ?
Disclaimer: Please use this blog as educational means. This is not financial advice and invest doing your own research and using your own discretion.