It quickly attracted attention and gained traction, bringing in investors who helped prices rocket above the $18 level. Short-term traders may also choose to leverage the altcoin’s volatile price movements by trading the coin in the open market. These can be swing traders and position traders who time short-term rallies and dips or day traders who make multiple trades throughout the day. Long-term crypto investors will most likely choose to hold on to these coins for the long haul in anticipation of their eventual unprecedented price jump. They are convinced that EOS prices will rebound and continue rising in the foreseeable future.
Dalvir Mandarais a Quantitative Researcher at Macro Hive. Dalvir has a BSc Mathematics and Computer Science and an MSc Mathematical Finance both from the University of Birmingham. His areas of interest are in the applications of machine learning, deep learning and alternative https://www.tokenexus.com/ data for predictive modelling of financial markets. One way to diversify your portfolio is with stablecoins, although these have also been very high-risk following the Terra debacle. Our recent analysis has explored how safe is tether and which stablecoins could fall next.
Crypto AM DeFi & Digital Inclusion Summit
This all helps result in EOS being among the fastest blockchains. 20% of EOS token supply was sold for around $185 million in Ethereum within the first 5 days of the 341-day token sale.
Is it worth to buy EOS?
It might be. Despite performing well in 2021, the token is trading below its ICO price. Current performance is underwhelming, however, when looking at the wider picture.
We advise only a very small allocation to crypto and prefer diversification with more traditional asset classes. Each currency is eos better than ethereum has different underlying protocols and technology. That impacts how they trade, their volatility, and how you can value them.
Ethereum vs EOS: Insight Of The Two Largest DApp Platforms
The token is backed by the produce, similar to how futures markets work. CEX and Lush were two of the earliest to begin accepting Bitcoin in the UK. In Canada, KFC released a “Bitcoin Bucket” meal across the nation, inviting people to trade their bitcoin for chicken! These cryptos are all fighting each other to be the fastest, safest, most widely accepted and easiest to use replacement for money. The first step is to open an account with your crypto exchange of choice.