As the weekend trucks along nicely, it is still a bit unclear what to expect from most top crypto markets. Bitcoin still hasn’t resumed its bullish trend, nor has it lost any significant value either. As such, the EOS price suffers from the same sense of not knowing what to do with itself. The push to $4 appears intact, yet carving out new gains will not be easy. This makes for a rather interesting market to keep an eye on over the weekend.
EOS Price Tries to Climb Again
There has been a pretty strong focus on EOS among enthusiasts and traders over the past two weeks. Not only because of its dApp success to date, but primarily because of its strong value increase. In the past week, EOS gained over 30% without too many problems. That in itself is rather remarkable, although Bitcoin’s run has something to do with it as well.
As far as the EOS price is concerned today, it would appear something is happening. A 3.5% gain in USD value and a 2% gain in BTC value are rather interesting. While every market trend needs to be kept an eye on at all times, it would appear as if this sideways trading momentum may continue for a while longer. The current price of $4 or 96,978 Satoshi could hold without too many problems.
Behind the scenes of EOS, a few interesting developments are taking place. EOSBet is one of the biggest dApps on this blockchain as of right now. The team has confirmed they will bring additional games to the platform in the near future. Which games those will be exactly, remains to be determined. It is a very positive development for the project and the entire ecosystem, though.
We are very excited about our new upcoming games! Big thanks to our community of players for supporting #EOSBet! #eos #btc #igaming pic.twitter.com/ehZGDzBr2s
— EarnBet.io – Licensed Crypto Casino (@EarnBetCasino) February 21, 2019
When it comes to finding the “best” crypto community, opinions will be divided first and foremost. Everyone has their own view on what makes a community great these days Luk Zurski is confident EOS has no real hates and focuses on building an ecosystem first and foremost. That in itself can make it a good community, although there will be others who value different qualities first and foremost.
#EOS no haters just builders
— Lᕫk (@LukZurski) February 23, 2019
At this time, most people are interested in the EOS chart first and foremost. Based on the current trend, one would expect the push to continue. Mind Trader even expects the value to hit $4.65, which may be a bit too optimistic. However, there is a chance such a trend will materialize if the momentum picks up once again.
$EOSUSD : Trend line break out , now near support at $2.89, above that target $4.65. #EOS If you like my content then plz LIKE and RETWEET. 🙏🙏🙏 pic.twitter.com/hVt10nT3Id
— Mind Trader (@mindandtrading) February 23, 2019
Given the growth taking place behind the scenes, it appears things are coming together nicely where EOS is concerned. Although none of those developments will automatically impact the price directly, one has to keep in mind the market value and the “actual value” of a project are hardly ever the same. For EOS, remaining in the market cap top 4 will not pose any problems, at least for today.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.
Image(s): Shutterstock.com