One of the most trending and popular cryptocurrencies this June and the entire 2018 is undoubtedly EOS. What makes it popular is the fact that everything around it is unusual. To begin with, the digital currency is running a year-long ICO which is ending next month – marking the longest-running ICO ever.
On top of that, EOS is not even a token or coin – and its tech won’t be tested in the market until after the ICO. Despite all of this, however, EOS is coming to the market with a technically unproven technology and has a major social buzz, making it one of the shining spots of the 2018 cryptocurrency market.
So far, EOS has delivered about 107% gains even though Bitcoin has been down by around 37% and Ethereum is following with a decrease of 9% in the same period.
Still, this did not break EOS. Instead, the cryptocurrency has delivered more than 1800% gains since its ICO adoption and looks promising to early-stage buyers. Even though there are many skeptics on the market pointing their fingers to EOS, the successful tests of EOS Dawn 1.0 technology all the way to the Dawn 3.0 is showed that the developers behind the project are serious about dominating the DApps market.
Another important development fact has been the opening of EOS’ source code on GitHub, in addition to launching a specialized site in private beta. In an explanatory blog post on Medium, EOS noted that the EOSIO StackExchange site has been moved to the Private Beta Phase which is another big milestone for the cryptocurrency.
Still, it is always important to proceed with extreme caution when it comes to cryptocurrencies – and consider everything before investing in EOS.
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