EOS is a new block chain architecture introduced by the software
http://EOS.IO, which aims to realize the performance extension of distributed applications. Notice that it is not like COINS and etheric fang is money, but on
http://EOS.IO tokens issued on a software project, known as block chain 3.0 (from the network), solely on the rules of the development and direction of the above, we can know the grand goal of the EOS, the etheric lane has been very successful from virtual currency to a variety of applications, but also the basis of limited to 2.0, and EOS is in the etheric lane 3.0 model developed on the basis of block chain, what is block chain 3.0? The simple idea is to apply the block chain technology to any field in our reality, which is the practical application of block chain 3.0 in reality.
If the EOS can actually implement the application of block chain 3.0, it is highly likely that the powerful EOS will surpass ETH's value in the future. There are also reports that EOS has raised billions of dollars in funding, and that enthusiasm is not far behind any of the previous blockchain technology and virtual currency. However, since the current EOS main network has not been launched, it is only a trend, so it is necessary to know whether the EOS can achieve the desired effect or whether the EOS will be online.
At present, it seems that EOS can surpass ETH, and if it does operate according to the block chain 3.0 mode, I think it is very likely. However, the hypothesis and the practical application are two different things, so it is only after the EOS is fully implemented that the results can be obtained.
EOS: EOS/USD EOS has shown a strong upward trend last month and surged 90+% from the demand area of $1.5-$1.8 to $3+ price level. Let's have a look at the EOS price analysis.
Bullish Case:If it manages to break the $3.2 price level with strong buy volume, then we might test the $4.4 level with two major hurdles to surpass which is a long term-downtrend line(dotted) and 200 Moving average(Red line) line.
Once these are broken, the new market cycle might commence.
Bearish Case:If it doesn't hold two support levels $2.3 and $1.7, then we might see $0.9-$1 level in the coming days/weeks.
For chart and more analysis:
https://coinswitch.co/news/top-5-crypto-technical-analysis-jan-19