It'is all green today. Nice to see this. Finally! Regardles of how much time it lasts we have interesting analysis for you today. EOS gathered in May 2017 185 mln $ wthout even having a product. Weird ha? But... EOS was developed by Dan Larrimer, the founder of crypto coins STEEM and Bitshares to be a faster, more scalable operating system for decentralised applications. EOS is a blockchain-based, decentralised operating system and has been designed to allow commercial-scale decentralised applications by providing the necessary functionality. This is direct ETH competitor and some say they might be ETH killer. The most notable feature that everyone is getting excited about is horizontal scalability — what this means is the EOS blockchain will be able to allow parallel execution of smart contracts and simultaneous processing of transactions. This could be a game changer. They claim they will be able to process up to 1 mln transactions per second. IF it happens ETH will be in jeopardy. Time will tell. Their developers' team is ranked at 89% which is great result. They have great liquidity (listed on Bithumb, Binance, OKEX) According to Worldcoinindex their 24h volume is today at nearly 200 mln $ (3rd place after BTC and ETH). So there is much of the interest of this project.
Meanwhile here are some details from technical analysis:
Stable upward trend since middle of the March 2018
SMA 6 regulary crosses SMA 20
1-5 Elliot Wave pattern finished - small correction expected - then another upward trend expected (as we marked on the chart)
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