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Yes finally EOS seems to be building some momentum ... moved back above 60 cents, let's see if it can reverse its trend ... this may be the end of discounted prices. C'mon, it was selling at $5 when it was just a white paper ... now Dawn exists, you would think the market would have adjusted ... not to mention the EOS storage whitepaper released recently (adding value everywhere) .... soo cheap!

Mostly it's the ICO that's creating the downward pressure. You don't need to put your ETH into it if you can buy lower at the market. Those who do participate the ICO can immediately sell EOS if they could buy lower than the market price.