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RE: Eostalk Contest #2--Market Analysis--Tell Me Where You Think EOS Will Go This Week For A Chance To Win Whaleshares

in #eos7 years ago (edited)

@jphenderson EOS will grow it might be sluggish or fast. it might also fluctuate like other cryptocurrencies and with respect to other market circumstances such as BIP 91.
However, the more transactions initiated with EOS the better, the more attractive it becomes to users/holders, in terms of profitability the better. The two most challenging factors in the crypto world right now is "reputation and security. If a currency has a reputation associated with high fees and low security most crypto holders are likely to easily walk away from it. If it has a reputation of profitability like Bitcoin does, and market tendencies show that it would increase in value, then more people would like to buy it when the price is still low, in order to benefit from the anticipated rise in value(Business perspective).
(Technically) Currently, the chart shows that EOS is suppressing a downward trend and would definitely increase in value if Bitcoin does. Any spike in Bitcoin increase would also trigger the value of EOS.
Summary EOS would increase to $3.00 minimum this week.
eos chart.PNG