Rating: HOLD (83.3% accurate)
- Market Cap: $3.96B
- August 6 Price: $4.19
- August 13 Price: $4.09
- Change: -2.4%
Technical & Sentiment analysis
- Technical analysis suggests EOS price will decline to $3.55 should it go below $3.80
- Sentiment analysis indicates EOS is about to make a large move that will increase speculators
Positive Price Drivers:
- Block.One CEO and Dev Team reaffirm to the community they are continuing improvements on EOSIO protocol
- BTC price declining or trending sideways may give altcoins an opportunity to catch up
Negative Price Drivers:
- Block.One's Voice platform that cost $150M has failed to produce any results for EOS
- EOS community distrust in the centralized consensus algorithm leading to internal disputes
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EOS Price Analysis: There are two ways to trade this.
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