
While most of the market had a lackluster December 2018, EOS was one of the best performers that month, surpassing Tether and Stellar to sit comfortably in fourth place in terms of market cap. Although it has managed to drop to fifth place at the moment, this promising crypto has shown that it has potential. Some say the key to the next wave of upside remains here. But why?
EOS BULLRUN IGNITES THE MARKET IN APRIL 2018.
Let's go back in time a bit here to April 2018. Back then, we saw a major spike in the value of EOS that took this token to an all-time high of $21.00. But that's not the most interesting part. This bullish run by EOS has triggered a market-wide momentum. Normally, bitcoin is known to be the market leader. When bitcoin spikes, so do the other markets. However, in April 2018, it was EOS that climbed first before bitcoin, and the rest of the market followed. This raises the question of who is the true leader in crypto-currencies?
WILL EOS RETURN TO ITS FORMER GLORY?
With EOS currently at just $2.83, it's a far cry from its all-time high. Yet, optimism remains strong with this crypto. Will we see its comeback in a big way? Unfortunately, the problems in the crypto-currency market are much bigger than EOS. If, for some reason, EOS experiences its own rise, it will likely trigger a positive move for the market. However, we probably won't see a $20 or 10,000 BTC coin anytime soon. Al that being said, EOS has proven to be a good investment in 2018 and will likely continue this trend into the new year.
IS EOS WORTH INVESTING IN?
What is the reason for this spike in EOS? The reason seems to be related to the number of EOS tokens. Projects built on EOSIO account for about 13% of the total market cap. In turn, this creates more EOS tokens with value and thus, we see the overall price increase. But as we said above, the next wave of upside needs time to formulate.
Until then, you need to be prepared. If you like what you see from EOS, then start collecting now. Don't have the capital to start your investment process? No problem. Emerging platforms like YouHodler allow you to put up your crypto as collateral in exchange for a cash loan. You can then use those funds to perfectly build your portfolio before the next rise. They also have a wealth of unique features you'd want to check out, so give them a visit and ask if you're interested in crypto investing.