FxWirePro: A look at growing EOS ecosystem; EOS/USD seen recovering
EOS.IO is a blockchain technology, like Ethereum, designed to enable vertical and horizontal scaling of decentralized applications (dApps). EOS is the fifth most popular crypto with a market cap of $3.26 billion.
Worst case Confirmation time
Wallet signature algorithm
Elliptic curve Cryptography
Account based model
Wallet trading platform
EOS gambling dApps usually attract the most attention. According to Dappradar.com, both EOS and Tron dominate the top ten dApps by user volume.
EOS has launched two new dApps – Big.Game and Ready Player One:
Big.Game is a transparent and provably fair Casino games platform based on EOS.
Ready Player One is a monopoly-type dApp with a variety of beautifully played games
Crazy Dogs Live
EOS has jumped sharply more than 30% in the past two trading days following the footsteps of Ethereum which rose more than 12% yesterday. The pair hit a high of $3.888 and is currently trading around $3.6227. Daily volume of EOS has surged from $950 million to over $2.2 billion.
EOSUSD has formed a temporary bottom around $1.55 and has recovered more than 150%. The near term resistance is around $4.00 and any violation above targets $4.17 (200-day MA). Any daily close above $4.17 will take the pair to the next level till $4.74 (300- day EMA)/$5.79.
The near term support is around $3.34 (23.6% fib) and any break below targets $3/$2.72-82 (55- day EMA and 100- day MA). Minor trend reversal could be seen only below $2, while bearish continuation would be only below $1.55.
Recommendation: Good to invest for the long term for the target price of $5.79/$6.82.
<Copyright © TokenPost. All Rights Reserved. >