After days of bearish momentum in the crypto market, EOS is boosted by bulls as the price climbs to $ 13.07. Shortly before the start of the MainNet, experts expect the EOS price to rise to a high level.
EOS registers greens
In the past 24 hours, EOS has taken a bath and has fallen to $ 12.32. Then EOS experienced a bit of green at $ 13.18. Before EOS hit the current $ 13.06, EOS went through some ups and downs. In fifth place, EOS has a market capitalization of over $ 11 billion.
The cryptocurrency market is currently marked by a negative trend that analysts expect for some time to come. However, as EOS ‘mainnet launch approaches, the company is trying to shake off its bear and expects the cops to attack.
EOS ‘MainNet launch is scheduled for the second quarter, which, according to an online countdown, is expected to take place on June 2nd at 22:59:59 UTC.
EOS has held its own very well in the market for quite some time, leaving behind even the best cryptos. Despite the decline, EOS still looked promising with an impressive 24-hour trading volume of more than $ 1 billion. Now that the price is picking up speed again, good things can be expected.
This MainNet should be the most powerful platform for DApps. The upcoming launch of MainNet, which was a major contributor to the price increase for EOS, was very exciting.
Also Read: Syscoin (SYS) billed by bulls amid persistent bearish market
MainNet skyrocketing at EOS price
Mati Greenspan, Senior Analyst at eToro stated:
“Crypto enthusiasts around the world are very excited about the launch of the EOS main network.”
He further comments:
“This will be a groundbreaking event unlike anything this industry has seen. Alternative investors are snapping up as many coins as they can get their hands on. “
He didn’t just end here and draw a comparison to the top cryptos, he said:
“If Bitcoin is digital gold and Ethereum is digital oil, EOS has been compared to digital real estate.”
MainNet is not the only driving force behind the EOS award, however, as a major email platform, Synacor’s ZimbraX, which provides services to over 500 million users, recently announced its move to the EOSIO platform.
Also, NASDAQ-powered Dx.Exchange, which will launch in June, will reportedly list EOS. Additionally, we might even see a Coinbase listing in the future due to pressure from its rival Robinhood.
One possible reason for the EOS case could be the allegations and raids on South Korea’s largest crypto exchange, Upbit, which had the largest EOS trading volume. Industry experts and advisors expect EOS to be hit by bull momentum once its MainNet launches as it will be vital to the success of the EOS cryptocurrency.
What do you think of the upcoming EOS MainNet launch? Let us know your thoughts!
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