You have probably heard about EOS and its mainnet launch taking place in less than a week. I have seen quite a few articles spreading the excitement of EOS' mainnet launch here on Steemit especially.
Technically EOS is a fantastic project and if they can pull off what they're claiming they will, it's going to be massive. People often refer to EOS as an Ethereum killer, but they're delusional if they think EOS is going to overtake Ethereum, at least in the next 12-18 months.
But many people who are holding EOS do not see it for its long-term potential, the sharks are circling and everyone has dollar signs in their eyes that EOS is going to skyrocket hundreds of percent when the mainnet launch takes place June 2nd, 2018.
Here is a secret that is going to catch the inexperienced and newbie investors hoping to invest in "the new Ethereum" off guard: the mainnet launch is already priced in.
Serious money bought into EOS weeks go in anticipation of the mainnet release. It will still go up, but if you're expecting a 500% gain on the day of the launch, you're in for a bad time. Yet again, stranger things have happened.
The project itself is strong, but if you're thinking of investing to try and make a short-term profit, this is the wrong coin. Long-term, EOS is easily going to be worth $50 by the end of 2018, possibly more. As decentralised applications make their way onto EOS and the platform proves itself, the value will increase.
The path to riches is paved with the blood of traders who couldn't see the trap they were heading right into. The writing is on the wall, EOS is incredibly overhyped right now and hype = opportunity and despair. Depending on your trading skills, you're either going to do well or get caught out.
Trade safe.
Image credit Pixabay.