Following the trend of the week, the trend of the month and in general the trend of the year, once again the cryptocurrency markets are in red.
The EOS cryptocurrency is making steady progress, up to almost 2% this morning, with no sign of an interval in sight. This Cryptocurrency started the month with a steady climb, and despite some falls continues to move in a positive direction.
With the help of multiple decentralized applications, the IT infrastructure need of the company is reduced. This is the reason why more and more enterprise level clients are expected by the platform. If indeed, it becomes the platform of choice for the enterprise level clients, the appreciation in the token will be huge.
This is the reason why this platform holds such a lot of potential. As more and more companies start using this platform for decentralized applications, the valuation of this platform will increase significantly. This is the reason why it might be a good option for the investors to invest in.
Currently worth $ 5.91, it has gained about 10% compared to Bitcoin and Ethereum in recent times, perhaps it is on its way back to recent levels of $ 17?
New platform for EOS
Perhaps the good performance of this digital asset is the result of the new version – ‘EOSIO Dawn 3.0’. It is a platform for creating blockchain applications, coined by the foundation as “the most powerful infrastructure for decentralized applications”.
The media hype surrounding this was minimal, the tweet for example has only accumulated 165 re-tweets and 490 likes (at the time of writing) so who knows how many effects it has had on the value of EOS, perhaps the gains simply depend on organic interactions that occur with EOS on the blockchain, compared to interactions or lack of interactions between its neighbors and rivals.
Regardless, the facts are clear, EOS is trying to grow at a sustained pace. The past few days have had a steady increase that seems to be escaping the trends set by Bitcoin and Ethereum.
Things will change and there is really no way to know which direction this project will take. If some kind of hype develops around EOSIO Dawn 3.0, this weekend will see further interest in the EOS platform and potentially will see further gains in the digital currency.