EOS News and Price Overview: EOS May be Valued $30 by December. Thursday, July 5
Important EOS News
ImToken CEO gives Reason for EOS Support
ImToken claims to be the largest wallet for Ethereum. The company’s CEO, Ben He has recently said that the surprising support for EOS ahead of other well established coins was due to customers’ feedback. He said that it was as a result of the increasing demand for a multicoin wallet that can also support eos that inspired the decision after the realization that there is an increasing interest in the cryptocurrency.
The Chinese based ImToken may not be a popular wallet, but the fact that it raised $10 million from a recently launched initial coin offering and boasts $4 million active users has made it one of the multicoin wallets to watch.
He said that the interest many Chinese have in the owning eos is the belief that it would become valuable. For those with the knowledge of the blockchain technology, it is the belief that the coin is a technical breakthrough on the technology in terms of scalability.
EOS May be Valued $30 by December
There have been speculations that EOS will ride on its MainNet launch to boost its demand base. The coin which is currently valued at $8.93 is being speculated to more than quadruple judging from the attention the platform has received. This is despite the criticism it has endured due to governance issues and a prolonged ICO.
EOS ICO was condemned as “unending” because its token sale lasted for a whole year. At launch of the blockchain, the platform was hit by another controversy because governance was placed in the hands of a foundation instead of the community.
Although it is not yet certain if the latest predictions are to counter the string of negative news that has bedeviled the platform, what is obvious is that holders of the coin are being encouraged to hodl.
EOS/USD Price Chart, Thursday July 5th:
Follow TokenTops on Twitter to stay notified about new articles, cryptocurrency news, ICO announcements and price predictions and analysis.
Please remember that investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops.We do not encourage our readers to any kind of behaviour or financial decisions. We believe that everyone should make their own and in depth research on the particulat topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, other experts and community discussions, yet they cannot be considered any type of financial advise.
You may also like
EOS Primed to Become A Deflationary Currency - EOS News, Price Analysis
EOS Receives The Best Protocol Award - EOS News, Price Analysis
The Voting System EOS is Developing will Determine What Gets Done - EOS +20%, EOS News
Months After the Launch of MainNet EOS Yet to Challenge Ethereum. The Bulls Hang On As EOS Goes Green - EOS News and Price
EOS News and Price Analysis: EOS May Become the DApp Building Platform of Choice. Saturday, August 18
Top Cryptocurrency Price Analysis: BTC Slowly Recovers After This Week Lows. Friday, August 17
You need to login to create comments.