The new blockchain platform EOS had a rough start a while ago, but the team behind it made sure to fix all the issues and now everything works smoothly.
EOS has been taking center stage in the crypto community. The project tries to fix existing problems that its former depending-from network Ethereum blockchain is facing.
One of the issues is reaching complete decentralization, and this cannot happen on the spot because he governing doesn’t come from the community but a foundation.
Lots of voices from the crypto space are pointing to a price for EOS above $30 by the end of the year, and one of the reasons is the MainNet launch and a potential bull run which might be on the way.
EOS predicted momentum
The catalyst to EOS’ predicted momentum might turn to be very Ethereum-like, the one that took place back in 2017.
The Chinese government ranked cryptos, and EOS turned number one, with NEO and ETH being left behind.
Another thing worth mentioning is that the creators of EOS, Block.One wants a complete overhaul of the constitution and EOS is set to abolish its controversial constitution. This comes two weeks after the launch of its MainNet.
There’s a Reddit post which includes screenshots from the EOS telegram chat in which we can see excerpts of a conversation between Dan Larimer, CTO of EOS, and Simon Case.
Another element that could trigger EOS’s bull run could be Bitcoin’s own movement. Bitcoin managed to break free of the $6,200 levels that it was hovering around and it went up a few hundred in value to settle at the current level o f$6,544.40 according to CoinMarketCap.
A good Bitcoin price obviously triggers an excellent situation for the whole crypto market, and EOS will also ride the wave if this happens. Overall, all signs hint to the fact that EOS is a great investment option at the moment.