While the EOS network has faced challenges and criticisms, my personal viewpoint is the project still has potential, if not for the simple reason all top 100 projects in cryptocurrency have held decent potential for price appreciation.
EOS attempted to rally some weeks back until the news of Dan's departure from Block.one was formally announced. It immediately stopped the rally, but the price of EOS did not discover new lows. In other words, the downside seems to be supported by whales at about 2.50 USD.
EOSIO recently has launched a wonderful program to get blockchain experts certified using their software. EOSIO Training Website enables programmers and other experts to become EOSIO certified for FREE up until the end of March 31, 2021. This is a great promotion for their platform, and also, the classes have been executed with a high degree of professionalism. Currently, I am taking the certification to become EOSIO smart contract certified, and web application certified. My wife's company handles DeFi projects and development -- TLCC Consultants Pte. Ltd.
EOSIO Platform Success
The success of the EOSIO platform is quite remarkable in that many projects have duplicated its source code, not just EOS runs EOSIO. However, EOS is the most prominent public blockchain token running EOSIO and has the largest market capitalization. While this may not make it better than its competitors, it does make the token a "safer trade" in this scenario. It is also much easier to purchase EOS on exchanges, than it is to purchase the alternative projects such as Telos, (even though something like Telos may have far greater price appreciation.)
EOS Could be a Home Run
Another thing with EOS is it does hold some limited long term potential to be 50X to 100X gain. I rate these odds as a bit slim but not impossible. The main challenges facing EOS have to be addressed:
- Wider awareness of project capabilities
- Educating Developers / Projects on it's strengths, uses and costs
- Market adoption of the product
The key behind EOS's strategy is the idea that the token is geared toward project deployment, NOT for everday use cases. Meaning, the project is best suited for deployments for Web Applications and less suited to be used like Bitcoin or Ethereum.
Whether it succeeds in its mission of becoming the Rolls-Royce of Public Blockchains, or it doesn't, the price should go up either way.
Bitcoin is terrible technology but it still holding a #1 spot, proves yet again, "first to market matters" especially for currencies. Even Dogecoin which has had almost no developments in the last 3 years holds a top 50 spot.
In this regard, EOS holding its price above 2.50 and maintaining a top 20 spot is very beneficial toward project marketing and more awareness in the months ahead.
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