Price Analysis

EOS Price Analysis: EOS instead of hitting the price rally, slides below the baseline

Creating a charity poker event on DICE, which is built on EOS blockchain, surely might increase the supplies in the circulation. But will it help to increase the overall capitalization is the major question here.

Let’s see if there is any effect of the same yet on the market statistics of the coin.

Price Analysis of EOS on 6th July 2019

EOS is currently trading at $5.75 at 08:43 UTC as on 6th July 2019. The other factors in the market contribution are calculated as follows:

EOS

  • Return on Investment: 459.54%
  • Market Ranking: 6
  • 24 Hour Volume: 1,984,311,924 USD
  • Market Cap Value: 5,320,940,379 USD
  • Total supply/ Circulating Supply: 1,018,751,705 EOS/ 922,051,699 EOS
  • 7 Day high/ low: 6.42 USD/ 5.57 USD

Comparison

In July 2019, on the very first day of the month, the lowest was seen at 15:20 UTC trading at $5.57 which was increased by 10.23% with trading value of $6.14 at 23:40 UTC. The value then was dropping down where the lowest was realized at 11:30 UTC time on 2nd July trading at $5.66. The value was then seen to be escalating upwards and by the next day, the highest was pitched at 22:25 UTC time on 3rd July with trading value of $6.09 which was an increase on 7.62%.

However, in the last 2 days, the value is dropping constantly. On 4th July, the lowest was seen at 23:00 UTC with trading value of 5.67 which was then slightly increased by 3.49% next day with trading value of $5.87 at 10:25 UTC on 5th July. The current trading value has dropped again by 2.06% since then.

Prediction and Conclusion

EOS is in slight bearish zone, which we hope to revive back to the bullish zone again. As of now, EOS might be acquiring attention from new investors in order to ‘buy’ new EOS coins. The trend seems to escalate in the upward direction and hopefully will reach the pivot level soon.

As per the trend this year, we might be able to see upside trading valuation of EOS around $10 by end of 2019.

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Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.
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