EOS Price Analysis: MinerGate Becomes Major EOS Block Producer; EOS to Hit Price Rally

EOS is dealing with the current price drop, but the coin is expected to recover soon. MinerGate announced its service portfolio expansion. The same made MinerGate the major EOS block producer. Moreover, Lumi wallet has partnered to enable users to vote for the EOS ecosystem.

EOS has superseded Ethereum in the Dapps space and now responsible for 13 dapps out of 30. The coin is also getting mainstream use cases and is indulge with Tapatalk, which would help EOS gain more participation. All this is leading towards a great future in the coin.

EOS/USD Price Chart:

The chart is taken from TradingView on 5th July 2019, at 03:48:09 UTC.

EOS Price Chart - 5 July
EOS Price Chart

Looking at the chart, the coin registered downfall in the price. Yesterday, the coin opened at $6.08. The coin dropped within the first few hours to $5.9 by 2.81%. Later, the coin picked from $5.9 and touched $6 again. The escalation marked was 1.61%. The coin dropped again, and this time, the loss was 2.20%. The coin dropped from $6 to $5.87. The major drop of the day was of 4.12%. The price shifted from $5.9 to $5.6. The intraday loss was of 5.78%. The closing price of EOS was $5.72. Today, the coin opened at the same. The coin is presently dealing at $5.75. The hike in price is by 0.49%.

Summary of the Statistics:

  • The price of the coin is USD 5.80.
  • The Return on Investment is around 462.56%.
  • The market cap of EOS is at 5,348,765,715 USD.
  • The circulating supply is marked at 921,902,424 EOS.
  • The 24hr volume of EOS is noted as 2,315,143,205 USD.

EOS Price Prediction and Conclusion:

Block.one, the parent company, has paved the path of success for EOS. The upcoming business venture is promising than ever, and we are positive that the coin would rise on the chart. The expected outcome will give a better result to long-term investors. They can expect to draw huge dividend from the investment.

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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