EOS, short introduction
EOS.IO is a blockchain protocol powered by the native cryptocurrency EOS. The protocol emulates most of the attributes of a real computer including hardware (CPU(s) & GPU(s) for processing, local/RAM memory, hard-disk storage) with the computing resources distributed equally among EOS cryptocurrency holders. EOSIO operates as a smart contract platform and decentralized operating system intended for the deployment of industrial-scale decentralized applications through a decentralized autonomous corporation model. The smart contract platform claims to eliminate transaction fees and also conduct millions of transactions per second. EOS (EOS) is software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. The EOS software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and/or clusters.
The price of the last week
While in the last days the bitcoin price has keep mostly the same levels some crypto, mainly EOS in the top 20 have done this price performance.
Indeed in the last week the price has surged of almost 20%, as you can seen in the image below.
But EOS has performed very well in all the previous month, indeed the price has grown of almost 50% from his low in the 17 of December, that means a 50% increase in less than a month. (you can see it in the image below).
Reason for this price growth ?
One of the mainly reasons could be that in the 14 of February will be launched the new social media (Voice) based on EOS blockchain.
Secondly could also be that eos for the moment is one of the most powerful blockchain for the development of Dapps.
Is EOS a good investment ?
This is not a financial advise, but from a price prospective, considering that EOS's all time high has been near 20$ for each coin, if it will reach again the same price it would be an increment of his price of about 500% form the actual price of 3.08 $.
Let me know in the comment what do you think about this project and your price prediction.
Follow me for more of this content --> Crypto Wizard
What i use (also earn free crypto !!)
➡️ Crypto.com (50$ bonus using the code: hj8kfw2dgv )
click this link -> https://platinum.crypto.com/r/hj8kfw2dgv
➡️ Coinbase (10$ bonus)
click this link -> https://www.coinbase.com/join/conti_cd