How it feels to own EOS tokens right now.
EOS just made its way into the top ten crypto market cap coins. This is kind of a big deal because mainstream hype usually follows that milestone achievement by coins.
The ERC-20 token made a strong recovery, averaging higher gains than most coins after last week's correction.
EOS dipped down to nice buy in price of $8 after reaching an All Time High of over $18.
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The crypto-genius squad at Block.One devised a way to make the value and demand for the token make consistent gains (a rarity in the cryptoverse) as the ICO is traded on multiple exchanges
Additionally there are daily auctions of 2 million tokens where the token will appear to be only a few dollars a piece until the last hour of the sale where the price will skyrocket into the double digits.
Because the ICO is an ERC-20 token, it's value in intertwined with the most utilized competitor, Ethereum. Ethereum's market cap is roughly 30% lower than it's ATH from this month. Recovery of ethereum will pump EOS by the same percent. The risk however, is that if it plummeted, so would EOS. Since the value is being stored as ETH, and growing by about 20,000 ETH per day, the market cap cannot help but go up daily until June when the ICO ends.
If a coin is going to be connected to the value of another, what better to be connected to than the most battle-hardened one.
My prediction is that EOS will definitely break into the Top 5 cryptos by June (100% gain) , and could rival Ethereum by the end of the year (1200%). This is all assuming that they don't get FUD-bombed and that their project does what they say it can do, which is primarily to perform 50,000 transactions per second versus Ethereum's 15tps.
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