EOS is back on the chart from where it started yesterday. The drop in price seems to have legs. The coin might be seen dealing below $5.9 by the end of the day. However, there is a slight hope from Bitcoin as it can anchor the coin back on the top. Bitcoin is dealing at $11,900, and we are expecting that the coin might breach $12,000.
The same pattern was observed a few days back. Bitcoin was seen climbing when the rest of the market was falling. The same helped the market in achieving the miraculous hike. Bitcoin was seen dealing at $12,000, and EOS was at $7.9 along with many other altcoins touching astronomical counters.
Well, if the same pattern is likely to form again. The traders in EOS can expect another leap in some time.
EOS/USD Price Chart:
The price chart is taken from TradingView on 04th July 2019, at 03:02:00.
Today, the coin opened at $6.06. Within the first hour, the coin dropped by 1.72% from $6 to $5.96. The coin further jumped to $6.01 from $5.9. The hike marked was 0.96%. At $6.01, the coin is forming a double top image. Further, the coin dropped and is presently dealing at $5.9613. The loss registered from the opening price to the current price is by 1.76%.
|Price (USD)||5.98 USD|
|Market Cap||5,511,053,775 USD|
|Circulating supply||921,753,495 EOS|
|Return on Investment (ROI)||479.72%|
|24hr volume||2,543,304,636 USD|
EOS Price Prediction and Conclusion:
The coin is expected to rise on the chart in the coming months. Towards the end of July, the coin might be seen dealing at $8. The coin would be at $10 by the end of 2019.
The long-term investment in EOS is likely to be more favorable and the investor can expect a huge outlay from the coin. The profit earned in short term period would be lesser than the long-term investment.