Price Analysis

EOS Price Analysis: EOS Price Dribbles, Expected Recovery To Take Place By The End Of The Day

EOS coin price started falling from yesterday. The bearish trend continued even today, but currently, the coin is showing some recovery symptoms. The coin may come out of the drop by the end of the day. The marketers have high hopes with the coin. Holding its ranking on the 6th position in the crypto market, the token has always resulted positively for the investors.

In terms of business strategies in the coming days, Block.One parent company of EOS has announced to build a social media based blockchain. There was some news about the technical blockchain problem in the EOS, but now we hear that Block.One has taken care of the same too. Thus, the future is bright with EOS in the portfolio, and the investors can dig in for purchase.

EOS Coin Price Current Statistics:

The chart is taken from Trading View on 19th June 2019 at 04:19:26 UTC for price analysis.

EOS Price Chart -19 June
EOS Price Chart
  • The price of EOS is 6.85 USD
  • The coin is at the 6th position in the crypto market.
  • The 24hr volume of EOS is 1,757,441,012 USD.
  • The circulating supply of EOS is 919,711,077 EOS.
  • The market capitalization of EOS is 6,294,135,855 USD.
  • The Return on Investment of EOS stands at 563.56%.

Today, the price of EOS opened at $6.79 and jumped till $6.82, marking a progression of 0.48%. The coin immediately dropped again from $6.82 to $6.76 by reflecting a dip by 0.96%.  EOS price escalated once again by 1.28% as the price took off from $6.76 to $6.84. EOS chart maintains the resistance level at $6.87 as per the current momentum.

EOS to USD Price Comparison:

If we compare the price of EOS from the beginning of the year, which was at $2.7 with that of now, which is at $6.8, the coin has doubled itself. The growth is not minimal, and if the same momentum continues for the rest of the year, the traders who are looking out to sell EOS by the end of the year will draw huge dividends.

EOS Price Prediction:

EOS might touch $7.5 in the next few months if it continues the growth momentum and it is predicted that EOS may reach $10 by the end of 2019 and may more benchmarks will be attained in the coming years, the increase would be astronomical.

Conclusion:

The long-term investment in EOS will be flourishing. The short-term period also looks fine. The current scenario of EOS is a little shaky, but would soon recover.

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.
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