I am quite Bullish on EOS these days because of mainly two reasons – Developer ecosystem and Network performance. EOS is one of the most used blockchain networks for DAPPS along with TRON. I am quite sure that EOS Price will climb over 15$ or higher by May end. Let’s discuss about its fundamentals, sentiments, and technicals to support my bullish argument.
The project was launched with 21 Block producers, the number of block producers is increased to 200 as of today.
EOS Launched New EOSIO 1.6v Upgrade with 35% Increased Transaction Speeds.
6 out of 10 Top Dapps are built of EOS Blockchain.
Huobi to Launch EOS Based Decentralized exchange EX in few months.
Block.one to announce its biggest announcement since Launch of EOS on 1st June at their introductory annual conference #B1June.
EOS/USD Daily chart: Price is making higher highs, hIgher lows – Trading into a rising channel – Usually a Bullish sign. Price is also trading above 50,100 and 200 Daily MA & Recently formed Golden cross where – 50MA crossed above 200MA showing bullish confirmation for more upside.
EOS/USD weekly and monthly chart are printing continuing green candles since past few weeks/months which indicates continues upside movement.
EOS/BTC Daily chart has trading above 50,100 and 200MA since February, which is showing these MA has became a strong support as of now. EOS/BTC is also making Higher highs and Higher lows on daily chart.
Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
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