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 Price

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:

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