EOS Story – Investment and Support Choice
It all started with a $4 billion raised offering that the developers behind the platform – Block.one initiated. The fifth largest cryptocurrency per time of writing by market capitalization very often is the center of the very bitcoin-centric cryptoverse ecosystem with news and development flushing in.
Long before the cryptocurrency phenomenon spread like wildfire, Peter Thiel was already famous for his investment picks. His $500,000 angel investment in Facebook turned into a post-IPO fortune, and he has had a hand in big names like SpaceX, AirBnB. Afterwards a major support from Mr. Thiel went towards the above mentioned platform.
His latest allocation and shift to EOS could reflect a serious directional change in strategy, and investors should take note. With a promise to build a better, more scalable protocol for blockchain, EOS is showcasing real competition for the contenders.
Recent Development and News
EOS has retained its top spot in the latest ranking of public blockchain projects released by the Chinese government. This latest ranking is the fourth since the index debuted at the end of May 2018.
For the third month in a row, EOS has maintained its number one spot atop the ranking. The delegated proof-of-stake (DPoS) blockchain project edged out Ethereum after the first rankings were released to gain the top spot since June 2018. Apart from topping the charts, EOS also occupied the top place in Technology index.
Underneath the news of Bitcoin ETFs, Ripple lawsuits [at its time] and Stellar being listed on Coinbase, EOS is slowly but surely attracting DApps (decentralized Applications) that were initially on the Ethereum platform as well as changing the minds of any that were planning to develop on ETH.
In a tweet a few hours ago, @MeetDotOne – an EOS-centric twitter handle and page – brought to our attention the list of DApps now available on the EOS platform. The tweet was as follows:
— MEET.ONE (@MeetDotOne) August 13, 2018
For the moment, the pair EOS/USD is experiencing the highest gain in the last 24-hours for the top 10 coins. With that, the token is battling supported by the bulls to stay above the major $5.00 as it is trading $5.03 per time of writing. However, bears are having their saying for the most part so lets wait to see the near term out-come which is very depended from this moment now.
The EOS token has already delivered 10x profits since its ICO and is expected to grow significantly as the development continues. If you are looking for a solid blockchain project to invest, EOS can definitely be an excellent choice.