Our coverage:

EOS: will the bearish trend continue?

Carla Olson | 8:04 pm ET, 11 Aug 2018

EOS (EOS.X) is trading at $4.98, down 5% from yesterday. The break of short-term support zones in EOS price has paved way for more declines, which means we are still in the sell-off mode.

What is EOS price forecast? Will the bearish trend continue for much longer?

EOS price is below the 12-day exponential moving average (EMA), as well as below the 26-day EMA, which is an indication the bearish market trend could continue.  

However, there are some good news in the EOS' ecosystem.  A blockchain startup Havven, which offers cross-blockchain payments, is going to bring its stable coin, i.e., a cryptocurrency tied to a stable asset, to the EOS network.  The startup aims to issue USD on the Ethereum as well as EOS network, thus enabling cross blockchain payments. The stable coin will adjust its supply according to market shifts, so as to maintain the price of a fiat currency.

The primary entity behind the EOS, Block.one announced it is pursuing a $1 billion investment fund for the ecosystem growth. In the cryptocurrency world, EOS is the 5th most valuable crypto with a market cap of $4.9 billion USD.

The EOS platform offers solutions for individuals, businesses, as well as organizations. It has the potential to measure a degree of flooding and find fire boundaries for disaster management. It also may be able to identify oilrigs and asses their impact on the environment.  To provide platform-based services to their customers, EOS' partner companies use EOS white-labeled solutions.

 Here are the major technical indicators:

  • MACD is in the bearish zone.  MACD (moving average convergence divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of prices.  MACD is calculated by subtracting the 26-day EMA (exponential moving average) from the 12-day EMA;
  • RSI (relative strength indicator) is moving into the oversold territory, indicating exhaustion among the sellers. RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security;
  • A new major support level is forming at $4.66;
  • A new major resistance level is forming at  $5.40.

Over the last 30 days, EOS.X lost -32.67%, which is 28.47 percentage points lower than the 30-day return of Bitcoin (BTC.X).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


11 best cryptocurrencies for August 2018

Carla Olson | 8:59 pm ET, 05 Aug 2018

After a significant dip in the second quarter of 2018, cryptocurrencies are becoming popular again among retail investors, appearing in the mainstream media headlines every day. There are a few cryptocurrencies that have grabbed investors' attention.  What are the best cryptocurrencies to invest in in August this year?

Before we share with you our top 11 list, here is our little hack: use the cryptocurrency investment idea tool to stay up-to-date on the best investment opportunities in the altcoin space.

1. Bitcoin

Bitcoin is by far the most popular cryptocurrency today, garnering a plenty of investors' attention. We think Bitcoin may be a good opportunity to invest in now because: 

  • It is the most established cryptocurrency.
  • Stock market volatility and political uncertainty are good for Bitcoin. In general, political unrest is not good for the stock market, because its value is tied to established companies that depend on government services.  But given the political climate across the world, and decreasing faith in government institutions, Bitcoin is becoming increasingly more popular.
  • It's easy to invest in it: investing in Bitcoin is as simple as buying a stock on an online exchange. You can use also a zero-cost brokerage such as Robinhood to do that.

Bitcoin (BTC.X) is trading at $7,654.54, up 0.27% from yesterday.  Over the last 30 days, BTC.X gained 20.64%.2. Stellar Lumens

Stellar is also based on the blockchain technology.  It connects banks, payments systems, and people with a goal to move money quickly, reliably, and at little or no cost.  Here are the  main reasons why one should consider investing in the cryptocurrency now:

  • Stellar offers low-cost transactions and accounts. 1 USD will cover about 400,000 transactions, and there are various licensed exchanges where Stellar Lumens can be purchased. 
  • There is a good market opportunity for the cryptocurrency as Stellar is the first distributed ledger protocol which received Sharia compliance certification in the money transfer and asset tokenization space.
  • Security is one of the main focus areas for Stellar, and the company solved security-related challenges in a very creative and effective way. Stellar's nominal base fee, paid by transaction initiators, deters malicious attacks that can flood the network. Whenever there is a suspicious account submitting transactions, this base fee increases. 

 Stellar (XLM.X) is trading at $0.27, down by 0.75% from yesterday.

Over the last 30 days, XLM.X gained 39.58%, which is 18.94 percentage points higher than the 30-day return of Bitcoin (BTC.X).3. IOTA

IOTA has a market capitalization of $2.5 billion USD today. It focuses on the emerging machine-to-machine (m2m) economy of the Internet-of-Things (IoT) and other applications where a scalable decentralized system may be warranted. 

Unlike other cryptocurrencies that are based on the blockchain technology, IOTA  makes use of its unique infrastructure known as Tangle. We think IOTA is a good investment opportunity now, because of the following reasons:

  • It has good scalability, no-fee transactions, and no blocks.  It targets the up-and-coming market opportunity called the Internet of Things (IoT), which could reach more than 1 billion transactions by 2020, thus necessitating a secure, cheap and scalable micro-billing mechanism for everyone.
  • Its partnerships with the mainstream companies such as BOSCH, Volkswagen, and Porsche seem to be very promising.
  • It can be easily bought in a hasslefree manner using many exchanges (e.g., Coinhako).  With the growth in the ecosystem every day, buying or selling IOTA will become even easier.

IOTA (IOT.X) is trading at $0.91, down -2.8% from yesterday.

Over the last 30 days, IOT.X lost -12.87%, which is 33.52 percentage points lower than the 30-day return of Bitcoin (BTC.X).4. EOS

EOS is one of the most used blockchains in the world today. It has a market capitalization of $6.3 billion USD.  

EOS is a blockchain project that enables horizontal scaling of decentralized applications, allowing developers to efficiently create high performance distributed applications. It is a good investment opportunity because:

  • It is simple to use, and accounts are easily recoverable in case of security breaches. This is very helpful for the mainstream public that doesn't have much experience with private keys and account security issues.
  • The EOS network is pretty efficient with handling volume bottlenecks on high transaction days.
  • EOS has zero transaction fees. When a smart contract is executed, EOS requires the user to stake tokens which are returned back to him or her after the execution.

EOS (EOS.X) is trading at $7.04, down by 3.68% from yesterday.

Over the last 30 days, EOS.X lost -12.01%, which is 32.65 percentage points lower than the 30-day return of Bitcoin (BTC.X).5. Ethereum

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. It is one of the most promising coins in the crypto world and one of the best long-term investment choices for crypto investors because of the following reasons:

  • Since many Initial Coin Offerings (ICOs) intend to release their tokens on the Ethereum network, its price is expected to appreciate over time.
  • It has the potential to transform the financial system just like Uber and Airbnb did in their own industries. The Casper and Sharding technologies depict significant milestones in its development.
  • A decreasing trust in the traditional financial markets is prompting traditional investors to look into the most established cryptocurrencies such as Ethereum.

 Ethereum (ETH.X) is trading at $418.08, down by 1.82% from yesterday.

Over the last 30 days, ETH.X lost -7.15%, which is 27.80 percentage points lower than the 30-day return of Bitcoin (BTC.X).6. NEO

NEO is the first Chinese cryptocurrency to be globally accepted.  Founded in 2014, its mission is to reinvent the way commerce is done.  

NEO entered the top 15 coins by market cap and its capitalization is north of $1.7 billion today.  We consider it to be a good investment option because of the following reasons:

  • NEO is not just a cryptocurrency, but also a project that helps in the creation of digital assets, smart contracts, and other applications on its blockchains.
  • In the NEO platform, a straightforward transfer of shares, equity, and assets is possible because users are able to issue and trade assets. In order to prove an asset's ownership, tokens are distributed.
  • The platform is powerful enough to process 10,000 transactions per second, so there is virtually no transaction latency. This capability attracts a huge number of partners from all over the world, besides China.  

NEO (NEO.X) is trading at $29.19, down by 2.89% from yesterday.

Over the last 30 days, NEO.X lost -10.87%, which is 31.51 percentage points lower than the 30-day return of Bitcoin (BTC.X).7. NEM

NEM is a blockchain built for enterprise-grade performance.  Here are the reasons to invest in NEM now:

  • Compared to Bitcoin, NEM has more real-time case uses.
  • It is the best option for portfolio expansion. No programming knowledge is needed to use the platform as it is quite user-friendly.
  • With cryptographic signatures, NEM is capable of acting as an authentication and notary-type service. It is targeting the retail industry with its blockchain technology. The customers' loyalty points can be converted into money which would reduce the shortcomings such as mistakes in the loyalty points program. 

NEM (XEM.X) is trading at $0.16, down by 2.08% from yesterday.

Over the last 30 days, XEM.X lost -7.8%, which is 28.44 percentage points lower than the 30-day return of Bitcoin (BTC.X).8. Ripple

It is one of the popular cryptocurrencies among the crypto traders. XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments. XRP consistently handles 1,500 transactions per second and can scale to handle the same throughput as Visa.

We consider Ripple to be a good investment option because of the following reasons:

  • It is used in the real world today to enable high-speed and low-cost money transfers worldwide.
  • Ripple is going to build more financial market partnerships in the upcoming period, which means its applicability will spread over time.
  • xRapid, used for payment providers and other financial institutions that want to minimize liquidity costs, is gradually being adopted in the market. It can complete international settlements in a short span using XRP as a bridge currency. 

Ripple (XRP.X) is trading at $0.44, down by 2.71% from yesterday.

Over the last 30 days, XRP.X lost -3.7%, which is 24.34 percentage points lower than the 30-day return of Bitcoin (BTC.X).9. Litecoin

It was created by Charlie Lee with the intent to make a lighter version of Bitcoin.  Litecoin is a peer-to-peer currency that enables instant, close-to-zero cost payments to anyone.  Here are the reasons why it may be a good investment option now:

  • A Bitcoin transaction needs 10 minutes to execute, whereas Litecoin takes around 2.5 minutes. The transaction cost for Litecoin is smaller compared to Bitcoin: $0.23 vs. $2.83.
  • This digital currency can be bought easily.  Because of its popularity, it is traded on Coinbase (the top digital currency wallet and exchange).
  • Litecoin was the first crypto asset to be traded on eToro. It's potentially on the upside because of its robust usage, evidenced by the number of active addresses per day. 

Litecoin (LTC.X) is trading at $77.47, down by 0.78% from yesterday.

Over the last 30 days, LTC.X lost -2.64%, which is 23.28 percentage points lower than the 30-day return of Bitcoin (BTC.X).

10. Ethereum Classic

Ethereum Classic is the continuation of the original Ethereum blockchain, prior to the July 2016 DAO hack.  Here are the reasons why it may be a good investment option now:

  • Currently, Ethereum Classic processes 48,000  transactions per day and is soon expected to reach the 100,000 mark, upon being licensed on Coinbase.
  • The Ethereum Classic Development Team (ETCDEV) has big plans around IoT, since Ethereum Classic has the most secure blockchain.  There is a pretty decent probability that the company will capture a share of the IoT market.  ETC's scalability will be enhanced after the inclusion of side chains.  
  • Its partnership with a South Korean exchange Zeniex will help ETC enter the Asian market per Memorandum of Understanding (MoU) signed between the two companies.

Ethereum Classic (ETC.X) is trading at $15.21, down by 5.26% from yesterday.

Over the last 30 days, ETC.X lost -3.72%, which is 24.37 percentage points lower than the 30-day return of Bitcoin (BTC.X).

11. Binance Coin

Binance is one of the largest and most powerful cryptocurrency exchanges with a market cap of about $1.5 billion USD.  Reasons for investing in Binance Coin include:

  • Binance processes about 1.5 million orders per second and over $1 Billion per day.  The company's native coin BNB has been the best performing coin since July 2017 (its inception time).
  • The interface is user-friendly, so investors can enjoy a seamless trading experience. 
  • The Binance exchange is one of the most secure exchanges in the world, so the chances of a hack or malicious cyber attack are significantly reduced. Also, its stability provides assurance to its users.

Binance Coin (BNB.X) is trading at $13.61, up 1.11% from yesterday.

Over the last 30 days, BNB.X lost 3.43%, which is 24.08 percentage points lower than the 30-day return of Bitcoin (BTC.X).Do you want a daily updated view of cryptocurrency news, price analyses and speculations?  Check out Finstead Bites, to get your scoop on cryptocurrencies and make your next bet.

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


EOS: what's the price prediction for the near-term?

Carla Olson | 12:52 am ET, 01 Aug 2018

EOS (EOS.X) is trading at $7.18, down 5% from yesterday.  After reaching a high near $9.00, the price of EOS declined against the US Dollar, reaching this week's low. 

What is EOS price forecast, i.e., prediction? What are some of the key developments that investors should be aware of?

A wave of spam has caused EOS to jump past Ethereum (ETH) in terms of crypto transaction volume. The massive volume was caused by the spam from Black twitter, which is a smart contract vehicle.  Black twitter, however, is not actually related to Twitter.  As per Blocktivity’s Capacity Utilization Index, EOS operated at just 0.16% of its capacity despite all the spam.  

The cost of launching decentralized applications (dApps) on the EOS platform has decreased because EOS block producers voted to double the network's RAM supply.  Decentralized applications need a lot of memory space for storing their temporary data. Developers can purchase memory with EOS on the EOS RAM market. Despite being an innovative solution for RAM distribution, the market-based approach is susceptible to shortages and price inflation.  

In a recent incident, developers were prevented from accessing necessary RAM to build and deploy dApps because hoarders and speculators took up about 85% of the network's RAM capacity. This increased the demand for scarce developer resources which caused a sharp rise of RAM prices beyond affordability.

In order to resolve RAM capacity issues, block producers voted to add new RAM to the network. RAM prices have since dropped drastically with 1MB of RAM costing approximately 235 EOS.

As EOS is gaining robustness and addressing issues around decentralization and RAM shortages, many investors are wondering how the cryptocurrency will perform in the near term.  Here are the major technical indicators:

  • MACD  has entered the bearish zone.  MACD (moving average convergence divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of prices.  MACD is calculated by subtracting the 26-day EMA (exponential moving average) from the 12-day EMA;
  • RSI (relative strength indicator) dropped below 50, indicating that EOS is oversold. RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security;
  • A new major support level is forming at  $6.91;
  • A new major resistance level is forming at $7.52.

Over the last 30 days, EOS.X gained 2.1%, which is 25.33 percentage points lower than the 30-day return of Bitcoin (BTC.X).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


EOS and Ethereum (ETH): where are they headed?

Carla Olson | 6:00 pm ET, 27 Jun 2018

Two cryptocurrencies that are increasingly being compared to one another are EOS and Ethereum.  Ethereum has the history and longevity and has been widely viewed as one of the most promising cryptocurrency investments.  But recently, EOS has been gaining momentum on Ethereum.

Here is what happened.  Even though the Chinese Government totally banned all cryptocurrency activities within its jurisdictions, it has recently issued a ranking of blockchain platforms through the China Electronic Information Industry Development (CCID), which shows that EOS  has outclassed Ethereum as the best blockchain platform available around the globe. 

CCID evaluated three dimensions to come up with rankings for all cryptocurrencies: technology, applicability, and innovation.  EOS scored better on all three dimensions than Ethereum.  The irony is, the last time CCID ranked cryptos, Ethereum scored significantly above EOS. 

This new ranking is somewhat controversial for EOS because of a recent couple of incidents.  A few days before the MainNet went live, a serious security bug was discovered on the EOS platform.  Also, there was a delay in attaining the 15% quota for staking tokens to allow for voting on the platform, along with a bug that brought the platform to a halt with transactions being frozen globally on the platform.  

EOS (EOS.X) is trading at $8.02, up 2% from yesterday. Over the last 30 days, EOS.X lost -35.88%, which is 19.47 percentage points lower than the 30-day return of Bitcoin (BTC.X).

Ethereum (ETH.X) is trading at $436.55, down -1.75% from yesterday.  Over the last 30 days, ETH.X lost -23.21%, which is 6.80 percentage points lower than the 30-day return of Bitcoin (BTC.X).

You can compare any two cryptocurrencies on Finstead.com (see example below for EOS.X vs. ETH.X). 

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Are hacking issues alone responsible for cryptocurrency price drop today?

Carla Olson | 8:41 am ET, 11 Jun 2018

The Bitcoin price dropped 7% today.  Ripple, Ethereum and Litecoin have followed suit.  

A closer look into altcoin prices reveals that some other cryptocurrencies have suffered even more--EOS is down 17%, while Tronix is down 12% and Bitcoin Cash declined 10%.

The sharp drop in the price of bitcoin and other virtual currencies is attributed to the hacking of the South Korean cryptocurrency exchange Coinrail, which was compromised over the weekend.

The obvious question is, why did the price of Bitcoin and Ethereum remain relatively more stable than the price of other virtual currencies?

It's important to note that EOS, Tronix and Bitcoin Cash are all more susceptible to panic selling than the mainstream coins.  

Coinrail is a relatively minor cryptocurrency exchange in South Korea, and the volume traded on Coinrail will not impact the price of altcoins dramatically.  However, when a panic attack hits the market, manipulators are going to be most noticeable in those areas where liquidity is lacking.  

Low liquidity is an issue for most altcoins because it allows individual traders to manipulate the price of cryptocurrencies.  What follows next is a wave of panic selling from individuals who don't believe in the long-term opportunity for those altcoins, and are looking to curtail losses by liquidating their positions. 

The current decline in the price of cryptocurrencies is a move perpetrated by market manipulators who can, for all intents and purposes, drive down the price when it's opportunistic for them.

To follow the price and news about cryptocurrencies, please visit Finstead (and type "BTC.X price" or "BTC.X news" to get the latest scoop and information).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Bitcoin, Ethereum, Ripple and EOS: who's winning and who's losing?

Carla Olson | 2:22 pm ET, 01 Jun 2018

As the crypto market gains more mainstream popularity, one thing is apparent--increasingly more altcoins are gaining in status, relative to the (still) most popular cryptocurrency, Bitcoin

It's a common belief today in the crypto investment world, that Bitcoin is losing dominance--and history of its market cap relative to all other cryptocurrencies shows exactly that.  Also, Ethereum, which was once viewed as the enabler of blockchain-based projects and companies, is slowly losing its supremacy.  

Some insiders, such as Brad Garlinghouse, Ripple CEO, declared that Bitcoin could be on the verge of experiencing a price downfall in the cryptocurrency community as investors are gradually becoming aware of the different currencies and alternatives available to them.

Individual investors are becoming more focused on the mission of crypto companies and currencies (e.g., what problems are they solving?) and also the teams that run them.  

So which coins are gaining in popularity relative to the rest?  And which ones are likely to make it to or stay in the top 5 list (by market cap), if they are not there already?

Two candidates that stand out are EOS and Ripple.

EOS is a well-funded project--over $4B went into it, and now the company is rapidly releasing new features and functionalities. The EOS team is an A-team--and that's a requirement for companies planning to win in the crypto space.

But funds are not everything.  Microsoft has spent billions trying to make Bing relevant and it failed. It’s not about the money but about the way you use resources, says Brad Garlinhouse.  Ripple (XRP) has used its funds very wisely in a way that has created value for their users and coin holders. 

When Bitcoin was initially offered in 2008, it was a game changer. It was the first time people could initiate transactions and trade without having banks or governments behind it.  

But the landscape has changed.  The secret source to winning in the long term is talent investment, focus on execution and long-term vision.  EOS and Ripple seem to have that--and we'll watch closely how they execute.


Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


EOS price: what's going on?

Carla Olson | 7:19 pm ET, 15 May 2018

EOS (EOS.X) is trading almost 7% down at the time of this writing.  What is happening and what is the EOS price prediction?

Last week the CFO of Commonwealth Bank of Australia Rob Jesudason reportedly signed on with the firm of the founders of the world’s fifth largest cryptocurrency in the market today, Block.one. Block.one is a private company that has developed both the EOS token and the blockchain technology behind it.

The market failed to respond to this news.  Instead, the cryptocurrency price dropped from $18 to about $13 where it's trading now. 

EOS is correcting from its recent rally, and it yet has to find support.  

Technical indicators show that a 50% retracement is likely required to instigate new buy orders.  A bounce off this level could take EOS to a new peak.  

If the price breaks the support level, traders are likely to initiate short orders, which could lead to a further decline.  

Given the falling knife pattern of EOS price from the last 7 days, it may be just more prudent to adopt the 'wait and see' approach, until the cryptocurrency finds a new bottom. 

For the latest news about and price of EOS, visit Finstead and type "EOS.X news" / "EOS.X price". 

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Top 3 cryptocurrencies to invest in for May 2018

Carla Olson | 1:28 pm ET, 01 May 2018

As we're entering the month of May, we are sharing with you our insights on the best cryptocurrencies to speculate on in May 2018.  

We used Finstead screener to generate the list of top altcoins by 1-month return, and we sorted them by market cap.  We also included a 3-month return in our table, and then selected those cryptocurrencies that have both long-term and short-term momentum.  

Among the top 10 cryptos, here are the 3 that caught our attention.   

1.  OmiseGo (OMG.X) is one of the most prominet Chinese blockchain projects.  It is a project backed by a team of blockchain experts including Ethereum chief, Vitalik Buterin and is aiming to solve some major financial challenges.  

Why invest in OmiseGo?  Their team is unstoppable.  In Q1 alone, they had a number of successful releases, and the progress they made since launch has been amazing. 

2.  EOS (EOS.X)--in our article on EOS' bull run, we noted that one of the reasons speculators are betting on it is Dan Larimer, who is leading EOS development efforts.  

Why invest in it?  The crypto community believes that EOS can be a real competitor to Ethereum, and can still go a long way in terms of growing the market cap.  EOS also demonstrated a ton of progress in Q1.  

3.  Finally, investors are excited about Verge (XVG.X) because of its commercial prospects.  Verge has a deal with TokenPay, which signed a deal with a major German bank. Thanks to this deal, consumers are going to encounter XVG debit cards--and that's making altcoin speculators really excited about Verge. 

Visit Finstead to view cryptocurrency charts--and try the screener to view cryptocurrency lists and generate investment ideas.

Before investing in any of those cryptos mentioned above, please do your diligence.  You may gain a lot from the investments, but you are also likely to lose, so please exercise your caution.

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


EOS: what's behind the bull run?

Carla Olson | 1:09 am ET, 29 Apr 2018

After the market recovered from the US tax deadline, EOS (EOS.X) price witnessed a continuous rise, reaching the level of $21 per coin, an all-time high.   

This is a phenomenally strong bull run. To get the latest price and news about EOS, please visit Finstead and type “EOS.X price” and “EOS.X news”.

So what exactly happened?   What's driving the bull run?

EOS is benefiting from a number of factors.  One of the reasons speculators are betting on EOS is Dan Larimer, who is leading EOS development efforts--and he also serves as CTO of BlockOne.

Crypto enthusiasts believe that Dan Larimer created an extraordinary altcoin.  EOS earned a plenty of supporters, who trust Larimer as some who led two ICOs already, Steemit and BitShares.

The crypto community believes that EOS can be a real competitor to Ethereum.

There are other factors helping EOS propel to new highs:

  • eToro has recently decided to offer this digital currency on its trading platform;
  • OK Blockchain Capital intends to invest $100 million in projects that leverage EOS.

Some speculators believe that EOS should have a higher market cap than  Ethereum.  This perception is fueling the demand, despite the fact that this coin is still considered unproven and experimental. 

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


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