EOS Price Rallies After Mainnet Launch Event
Cryptovest
Published Jun 04, 2018 01:28AM ET
Updated Jun 04, 2018 01:40AM ET
EOS Price Rallies After Mainnet Launch Event
The EOS digital asset has survived the mainnet launch and token lockdown, and the market price has shot upward. Starting June 2, EOS had a significant uptick in prices, growing a net 16% in the past week to $14.49. The price is also near record levels against Bitcoin. EOS trading has more than an 8% share of all trades, while Bitcoin’s share fell to 29%.
!EOS!
The last daily auction for EOS ended with a price of $12.32, collecting more than 42,000 Ethereum. The EOS ERC-20 token is already frozen, seeing no new transfers. For now, neither the EOS team, nor BlockOne have released additional statements - the EOS system is supposed to be decentralized, and ran by the community.
https://twitter.com/bytemaster7/status/1002537726015623170
Dan Larimer, the project’s idea architect, has also been relatively silent. At the moment, the mainnet is supposed to be functional, with limited ways to tell if everything is fine. There are rumors of a forked net, EOS Classic, immediately arising after the official EOS launch. Users are urged not to reveal EOS private keys, for any forks or airdrops, to prevent scams from proliferating.
EOS is, once again, inspiring polar moods. Supporters see EOS with 10% of Bitcoin’s market capitalization - and foresee a “flippening”.
https://twitter.com/Ashe_Oro/status/1003286755020115974
Others are wary, seeing EOS as an inherently unfair system. A recent overview of EOS addresses showed that 10 top “whale” addresses held nearly half the assets. One of the biggest holders was BlockOne, holding an estimated $1.5 billion in EOS, in addition to the $4 billion in Ethereum.
Jackson Palmer, founder of DogeCoin and a prominent crypto commenter, was one of the EOS skeptics:
https://twitter.com/ummjackson/status/1003390520461103104
But other big wallets belong to block producers. Some believe block producers may have additional wallets for voting themselves in, thus prohibiting the wider community from having any effect. In theory, the 21 block producers should be altering their positions - but in practive, some may solidify their positions with high-stakes wallets, and create an oligarchy.
This article appeared first on Cryptovest
Get The News You Want
Written By: Cryptovest
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.