EOS is ranked at #7 underneath Tether but ahead of Binance Coin and Bitcoin SV in the market. The price descended at a rate of 2.51% in the course of the past 24-hours. This brought EOS all the way down to $3.79 where it currently holds. The trading volume recorded stands at roughly $1.440 billion, whereas the supply has 932,882,647 EOS coins in play for now. The total market cap of EOS amounts to $3.536 billion.
This weekend @BrendanBlumer came back on Twitter to share his opinion about the latest community concerns, such as vote buying and manipulation, how to account for the performance of BPs and how to identify value-adding BPs.
Read now: https://t.co/eGCyUdW0m7
— EOS Go (@go_eos) September 22, 2019
According to the chart connected to the EOS/USD pair on tradingview [based on data obtained from Bitfinex], sellers are the dominating force of influence in the market. Since 19th of September, all the Awesome Oscillator peaks created have had the brown shade, which points to bearish momentum being prevalent.
The daily RSI [for 14 periods] is at 48.14 following a decline; EOS wasn’t in overbought territory, unlike many top-ranked altcoins. The MACD line has intersected with the signal line, and the histogram may turn red by tomorrow unless fresh buyers appear to propel the altcoin through this stormy atmosphere. Resistance can be found close to the $4.2427 mark, and support lies adjacent to the $3.5238 level. EOS is impacted by the token holders instead of mining pools. This has caused many to raise their fingers against the network, although Bitcoin suffering from centralization in China is a topic critics refuse to discuss.
By tomorrow, EOSIO 1.8 will be unveiled for all developers and users scattered across the globe working diligently within the aforementioned ecosystem. A video released on YouTube examines the possibility of mass adoption skyrocketing, which may lead to EOS reaching $4.0 once again. Take a look ladies and gentlemen:
Yet another popular YouTube channel which tends to focus on the EOS network is ColinTalksCrypto.