EOS is about to launch on the 1st or 2nd of June, we have seen a massive rally in price followed by a dump to 50% less than all time highs. The price has been bouncing around the $12.5 to $14 mark for the last few days. I believe this is happening because people are concerned EOS wont live up to the hype , the fact that its still an ERC-20 token with no working project and people are scared about losing there money to unregistered tokens. This is just a few reasons for the volatility, the market is balancing its self out.
Where will the price go from here? I think theirs a few ways it can go but in the end it will be going up :).
First scenario is the price shoots up within the next few day and dumps hard just before the mainnet launch. People taking profits before the project has a chance to succeed or fail.
Second is the price pumps until just after the mainnet launch as people want the multipool air drops that will be taking there snapshot on the first day. Followed by a dump of 50%.
Third it starts dumping hard until 2 days before the mainnet then pumps followed but a flatting then more pumping.
Fourth nothing really changes from the last few days.
I plan on hodling thought the storm and if it dumps hard i'll be adding some more. Im long on EOS even if it doesn't live up to the hype i recon they will fix what ever is wrong with it at the time.
What do you think the price will do after mainnet launch?
Binance: Get some of that EOS we all love
https://www.binance.com/?ref=19161690
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https://www.satoshiscoop.com/
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This is not professional financial advice please do your own research before making any investments.
I think EOS will be worth the 1000 dollars in a few years. 🚀
i sure hope you are right, altho that would make EOS worth $900 billion, possible. i can see 100 to 150 within a year or 2
That, my friend, sounds like a sound strategy and good advice! :-)
haha yes it is , cant get enough EOS ;)
Exchanges are supporting the transition from ERC20 to the EOS platform right?
I know binance is and im pretty sure the rest will be to. But doesnt ment they will pay out the airdrops