EOS (EOS) Price Analysis: EOS Developers Attempt 10% Buyback; Bullish Days Ahead
- EOS Developers are attempting a buyback of 10% shares.
- Bullish trend will push the coin to 25 USD.
EOS is one of the coins which have been showing a really good track record in the market. There have been some reports of anticipated expansion of EOS but before any official confirmation about the expansion, EOS developer Block.one is attempting to get 10% of its stock in the buyback process. It implies that the management of the company is positive about the future performance of the coin. As per some primary reports, the investors are also anticipating some big announcement on the 1st week of June. However, the spokesperson of EOS said, “Buybacks are a normal activity for many companies. Block one is confident of its growth prospects and industry opportunities. We are pleased with the support from investors, and that they have been able to benefit from, and participate in, the success of our company.” We predict the coin to reach the targeted value of 25 USD by the end of this year. Let us look at the current status of the coin.
Current EOS Price Statistics-
- EOS is ranked at 6th position in the market.
- The ROI (Return on Investment) stands at 565.73%.
- A total of 913,275,110 EOS coins are in current circulation.
- The market cap as on 27th May at 03:08 UTC stands at 6,295,233,968 USD.
- The value of each coin stands at 6.99 USD and 0.00079120 USD.
- The 24h volume stands at 3,040,193,527 USD at the same UTC.
EOS Price Comparison-
EOS has been performing with stability in the last two months. Though there was a huge fall after the 1st week of April, the coin managed to gain again. The lowest point of the coin was on 29th April at 4.42 USD. On 10th May the coin started to gain and stopped after five days after a 35.30% surge. The current value of 6.99 USD is the highest in YTD. The market cap on 27th April was 4,443,004,295 USD, and the value of each coin was 4.61 USD. The current market cap and the value of each coin are respectively 41.68% and 51.62% more than the figures for last month.
We predict a bullish medium-term for EOS. The coin will be trading at 25 USD by the end of this year.
The long-term holding of the existing coin is the key to higher profits. Buying new coins is advised only if the investors are looking for a long-term investment.