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EOS vs. Ethereum: Which One Should You Invest More?

EOS vs. Ethereum: Which One Should You Invest More?

There are several cryptocurrencies in the market, and each has a unique selling proposition which makes it stand out from the rest. Every platform wants to outperform the other in terms of what they have to offer, and the Ethereum and EOS platform are not different as the competition between them is very fierce. Ethereum needs no introduction in the cryptocurrency community as its the closest rival to Bitcoin, and the platform was the first to offer smart contracts. Ethereum and its token have gained wide acceptance and has increased in popularity over the years due to this unique feature.Thanks to this, Ethereum is regarded as the 2ndgeneration of Blockchain tech. EOS is relatively new to the market as it was launched some few years back, but to the surprise of many, the platform has also carved a niche for itself and is looking to usurp Ethereum in the near future.What does the future hold for these two cryptocurrencies? THINGS TO KNOW BEFORE YOU INVEST IN ETHEREUM OR EOS One thing thats certain in the crypto verse is that nobody knows what the future holds. But its possible to determine the possibility for a platform to grow.In 2017, Ethereum was the only platform that offered smart contracts and several ICOs launched their platforms on Ethereums Blockchain. The tokens created on this Ethereums blockchain are still functioning till date with a powerful community backing it.This move went a long way to ensure price stability for Ethereum and some organizations like Uber and Airbnb have built some Dapps on Ethereums test net while others are planning to follow suit.Some people believe the team behind the project have a huge announcement to make soon as theyve earmarked a princely sum of $1 billion for marketing purposes only. Some believe theyre waiting to see a strong bullish trend in the crypto market before they make their announcement and to kick start the promotion of their network.Currently, the price of Ethereum hovers within the region of $228 to 1 ETH while its competitor EOS is within the region of $4 USD to 1 ETH. Ethereum is currently the 2 cryptocurrency on the list of top 10 cryptos according to market capitalization while EOS stands at the 5thposition.EOS has a huge task on its hands in their quest to beat Ethereum by offering better services that would lure developers to their platform. From the look of things, EOS might just pull this off as the technical specifications of EOS is quite better than what Ethereum offers but the adoption of the crypto is not as high as Ethereum.For some, Ethereum is considered as the 2ndgeneration of Blockchain and it comes with an extra use case which is the smart contract. Ethereum successfully solved the scalability issues that plagued Bitcoin but surprisingly, technology is evolving at a rapid pace and EOS took advantage of that.The EOS blockchain on the other hand is easier to own as a resource for prospective developers and project planners as they can predict what a project will cost which Ethereum does not offer.After Bitcoin, Ethereum is the 2ndmost trusted platform, while EOS is still new with a growing community backing it, they still have a lot to prove but from the little theyve being able to achieve within such a short period of time, it seems they can dethrone Ethereum if they do not veer off course. So Ill put my stake on EOS, because theyre on course to achieve something thats not easy for newbies to achievePRICE PREDICTION OF ETHEREUM AND EOS The growth of EOS this year has been impressive as it peaked at $8 rising from a shocking $2. From the look of things, it may get to double digits as the year progresses if the bullish trend in the crypto market continues, so EOS is likely to end on a high this year. On the other hand, Ethereum is not lagging far behind as its also riding the bullish wave that BTC is enjoying as it crossed the $300 threshold last month but has now dropped to $228 rising from $150 at the start of the year.With this information in mind, the next question is where to buy these cryptos for prospective clients who may wish to hold or trade them.FeaturedDon't MissEOS Price Prediction Today: Daily (EOS) Value Forecast July 17Click to commentOn the upside, if the $3.60 support level holds, the cryptos price will rise and break above the EMAs.On the downside, if the bears break the $3.60 support level, the coin will further depreciate to a low at $3.0 price level.EOS/USD Medium-term Trend: Bearish Resistance levels: $ 6.50, $7.00, $7.50.Support levels: $5.00, $4.50, $4.00.Yesterday, July 16, the price ofEOSwas in a bearish trend. The EOS market fell to the previous low of March 8. Yesterday, the market fell to the low of $3.60 price level and the support level was holding. On the upside, if the $3.60 support level holds, the cryptos price will rise and break above the EMAs.On the downside, if the bears break the $3.60 support level, the coin will further depreciate to a low at $3.0 price level. Meanwhile, the price of the EOS market is in the oversold region of the daily stochastic but below 20% range. This indicates that price is in a bearish momentum and a sell signal.EOS/USD Short-term Trend: Bearish On the 1-hour chart, the price of EOS is in a bearish trend. The 12-day EMA and the 26-day EMA are sloping southwardly. On July 16, the bears broke the EMAs and price fell to a low at $3.60 price level.Source:bitcoinexchangeguideContinue ReadingEOS price declined significantly after it failed to break the $6.200 resistance area. It traded as low as $3.302 and it is currently correcting higher towards the $3.850 and $4.000 resistance levels.EOS price declined heavily below the $5.560 and $5.200 support levels.A major bearish trend line is forming with resistance near $4.000 on the 2-hours chart.The price is likely to struggle near the $4.000 and $4.100 resistance levels in the near term.EOS Price Analysis and Prediction In the past few days, there were heavy losses inbitcoin,Ethereum,rippleandEOSagainst the US Dollar. EOS price started a significant decline after it broke the $5.800 and $5.560 support levels and is down more than 40% in the past seven days.Click to Enlarge ChartLooking at the 2-hourschartof EOS/USD, the pair even broke the $5.000 support level and settled below the 25 simple moving average (2-hours). The decline was such that the price even spiked below the $4.000 support level.A new multi-month low was formed near $3.302 and the price recently started an upside correction. It broke the $3.500 level plus the 23.6% Fib retracement level of the last drop from the $4.413 high to $3.302 low.However, there are many hurdles on the upside near the $3.850 and $3.900 levels. Moreover, there is a major bearish trend line is forming with resistance near $4.000 on the same chart.Additionally, the 50% Fib retracement level of the last drop from the $4.413 high to $3.302 low is also near the $3.850 level to act as a resistance. The main resistance is near the $4.000 handle and the 25 simple moving average (2-hours).Therefore, if there is an upside break above the $3.850 and $4.000 levels, there could be a decent rise in the coming sessions. The next key resistance could be near the $4.675 and the $4.800 levels.On the other hand, if EOS price fails to surpass the $3.850 and $3.900 resistance levels, there could be another drop towards the $3.300 level. The price may even break the $3.300 low and test $3.000. News Source Continue ReadingAltcoins are still getting beat up as we enter the weekend. Bitcoin has remained range bound with little movement over the past 24 hours but there has been some position jockeying in the market capitalization charts this morning.Bitcoin Consolidating Following Trump Tweet BTC has spent most of the past day or so trading sideways. An intraday high of $11,900 was touched last night but there was no break above $12k and Bitcoin retreated again.Bitcoin is still fallingand currently back at short term support just above $11,500. Daily volume is also tailing off and is now back to $20 billion.BTC price 24 hours. Coinmarketcap.comThe crypto community is still twittering away aboutTrumps Bitcoin commentsa couple of days ago. Most are of the opinion that is was bullish for the scene as crypto has now become truly mainstream with even the POTUS taking a stance on it.Naturally governments and banks are going to want to keep things the way they are and a new decentralized digital form of peer-to-peer finance totally undermines their tight grip of control over their populations.CNBC even hosted apro-crypto Squawk Boxyesterday with achor Joe Squawk stating that Trumps comments were unsurprising since he also seeks to devalue the dollar.Altcoins In Pain Elsewhere in crypto land the tide of red is washing across the altcoin markets once again. Ethereum has retreated a couple of percent back to $270 and it remains bearish for the time being. XRP has been dumped and now has half the market capitalization of ETH which was once below it. The Ripple token has shed another 3 percent today falling to $0.335.Litecoinhalvingfomo appears to have totally fizzled out as LTC falls back towards $100, dangerously close to double digits once again. There are now only 22 days to go and the likelihood of Litecoin returning to a new high for the year above $150 is looking slim.Bitcoin Cash is also weak, falling another 4 percent back below $350. Todays big move has been Binance Coin which is the only altcoin in the green in the top ten. BNB has only made 1.5 percent but it has been enough to flip EOS which has dumped 2 percent falling to $4.72. The difference in market cap is only $150k but Binance Coin is now the sixth largest crypto asset on the planet. The eighth quarterly coin burn dropping the supply has driven todays momentum. There are only a handful of altcoins in the green at the time of writing and they include Cardano and Monero adding a couple of percent. Chainlink, which has been this years fomo favorite, has pumped 11 percent today to reach $3.18. LINK is one of the days top performers along with Ravencoin which has made over 20 percent. News Source Continue Reading

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elevenews.com
date of publication icon 18 Jul 2019 icon of time needed to read the article 9 min read
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