Price Analysis

EOS Price Analysis: EOS Price Falls Third Consecutive Day In The Row

EOS is presently suffering from the pullback. The price of EOS continues to drop on 5th June 2019. The investors of EOS are eagerly waiting for some good news.

A few days back, EOS parent company Block.One announced to build a new blockchain based social media platform, Voice. Block.One wants to establish Voice on EOS blockchain.

Along with the news, the EOS holders demanded to reduce the inflation from 5% to 1%. All the related news seems not going according to the plan, and as a result, the currency is dripping on the chart.

Is there any hope of recovery in the pricing of EOS in the coming days? Let’s have a look at the 5-day chart of EOS.

EOS Coin Statistics:

EOS coin is the 6th largest asset in the crypto space. The coin is presently dealing at USD 6.35. The ROI is 516.01%. The market capitalization is at $5,830,983,659 USD. The 24hr volume is $3,600,667,233 USD. Out of the total supply of 1,014,514,556 EOS, the circulating supply is 917,814,550 EOS. The all-time high of EOS price was marked on April 29, 2018, at USD 22.89.

EOS Price Chart - 5 June

The chart is taken from trading view at 06:13 UTC on 5th June 2019 is reflecting a steep fall in price from 1st June 2019. If we compare the EOS price on 1st June, which was $8.5 with that of today’s current price, which is $6.2, a clear regression of 27% is indicated.

EOS Price Prediction and conclusion:

The current price rally has made many marketers think over their prediction because they were expecting that the price drop to recover soon. As per the current scenario, it becomes very difficult to predict anything.

Unlike Tether Stablecoin, Voice blockchain announcement couldn’t show a surge in the price. We are hoping the price of EOS coin to soon recover from its current fall.

Investors are recommended to keep it tight and wait for a surge in the price of EOS coin.

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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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