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EOS: what's behind the bull run?
After the market recovered from the US tax deadline, EOS (EOS.X) price witnessed a continuous rise, reaching the level of $21 per coin, an all-time high.
This is a phenomenally strong bull run. To get the latest price and news about EOS, please visit Finstead and type “EOS.X price” and “EOS.X news”.
So what exactly happened? What's driving the bull run?
EOS is benefiting from a number of factors. One of the reasons speculators are betting on EOS is Dan Larimer, who is leading EOS development efforts--and he also serves as CTO of BlockOne.
Crypto enthusiasts believe that Dan Larimer created an extraordinary altcoin. EOS earned a plenty of supporters, who trust Larimer as some who led two ICOs already, Steemit and BitShares.
The crypto community believes that EOS can be a real competitor to Ethereum.
There are other factors helping EOS propel to new highs:
- eToro has recently decided to offer this digital currency on its trading platform;
- OK Blockchain Capital intends to invest $100 million in projects that leverage EOS.
Some speculators believe that EOS should have a higher market cap than Ethereum. This perception is fueling the demand, despite the fact that this coin is still considered unproven and experimental.