EOS Price Plunge Still Sticks Around; Traders Not to Hold Any Expectations from the Coin

  • EOS price experiences a pullback for the second day in a row.
  • The expectations of price rally still unharmed.

EOS couldn’t catch up with the uptrend in the market which took the Bitcoin back to $10,000. The coin embarked a slight improvement but later fell. The fall is still noted in the coin, which is making the traders worried.

There are few marketers who are pointing out that the current situation is alarming, and the traders are rethinking on their investment decision. We do not agree with the theory because, despite the fall, the coin has held its 8th position in the crypto market firmly. The intraday price has also improved. Let’s have a look at the price chart to understand the momentum of the coin. We are eagerly looking forward to a price recovery.

Current Statistics of EOS:

  • The price of the coin is at $3.30.
  • The ROI stands at 219.70%.
  • Market cap is noted as $3,068,197,273.
  • 930,543,562 EOS coins are circulating in the market.
  • The 24hr volume of the coin is $1,314,386,438.

EOS to USD Price Chart (1-Day):

The chart is taken from Trading View on 06th September 2019 at 06:29:13 UTC for price analysis.

EOS Price Chart
EOS Chart by TradingView

The chart is reflecting upward movement in the coin. Yesterday, EOS opened with an upsurge of 0.72%. The price counters changed from $3.30 to $3.33. Later, EOS fell from $3.3 to $3.2 by 2.51% and kept falling and touched a low at $3.2. The currency escalated from $3.20 to $3.28 by 2.45% and closed at $3.27 with an intraday regression of 0.91%. Today, EOS has tamed the bull and climbing up with the price change of $3.2 to $3.3 by 1.73%.

EOS Price Prediction and Conclusion:

The market opened with a bearish trend but now has started improving. The EOS price is indicating towards a profitable end. So, the intraday traders can dive in EOS with a prospect of profit. EOS is recommended for long term investment, and the specified period would bring the anticipated result. The short term investment could be a little risky.

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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