Copy link
Increase text size
Decrease text size
Link copied

FxWirePro: A look at growing EOS ecosystem; EOS/USD seen recovering

Wed, 20 Feb 2019, 05:26 am UTC

EOS.IO is a blockchain technology, like Ethereum, designed to enable vertical and horizontal scaling of decentralized applications (dApps). EOS is the fifth most popular crypto with a market cap of $3.26 billion.

EOS

Consensus Algorithm

Delegated POS

Transaction Throughput

4000 deal/s

Block Production

0.5 s

Worst case Confirmation time

1 second

Smart contract

C++

Wallet signature algorithm

Elliptic curve Cryptography

Transaction Mode

Account based model

Wallet trading platform

PC

EOS Dapps:

EOS gambling dApps usually attract the most attention. According to Dappradar.com, both EOS and Tron dominate the top ten dApps by user volume.

EOS has launched two new dApps – Big.Game and Ready Player One:

  1. Big.Game is a transparent and provably fair Casino games platform based on EOS.
  2. Ready Player One is a monopoly-type dApp with a variety of beautifully played games

Top Dapp

Name

Category

Protocol

Users 24h

1

PLAY GOC

Gambling

TRON

7100

2

Crazy Dogs Live

Gambling

TRON

6600

3

BIG GAME

Gambling

EOS

5900

4

Hold'em PokerKing

Gambling

EOS

3900

5

TronVegas

Gambling

TRON

3400

Technical Analysis:

EOS has jumped sharply more than 30% in the past two trading days following the footsteps of Ethereum which rose more than 12% yesterday. The pair hit a high of $3.888 and is currently trading around $3.6227. Daily volume of EOS has surged from $950 million to over $2.2 billion.

EOSUSD has formed a temporary bottom around $1.55 and has recovered more than 150%. The near term resistance is around $4.00 and any violation above targets $4.17 (200-day MA). Any daily close above $4.17 will take the pair to the next level till $4.74 (300- day EMA)/$5.79.

The near term support is around $3.34 (23.6% fib) and any break below targets $3/$2.72-82 (55- day EMA and 100- day MA). Minor trend reversal could be seen only below $2, while bearish continuation would be only below $1.55.

Recommendation: Good to invest for the long term for the target price of $5.79/$6.82.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,338.86 (+0.03%)
  • Ethereum (ETH) $160.43 (+0.55%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $309.56 (-0.61%)
  • Bitcoin SV (BSV) $260.57 (+1.50%)
  • Bitcoin (BTC) $8,338.86 (+0.03%)
Jan 24, 2020 (Friday)
12:24
Ripple CEO Brad Garlinghouse hints at the possibility of IPO
11:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:50
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:37
Japan ruling party lawmakers to propose digital yen in February: Report
11:00
Hackers becoming more sophisticated as crypto exchanges bolster security measures: Chainalysis
10:24
Crypto Technicals: XRP/USD slips below 21-EMA, more weakness to follow
10:23
Tether launches new stablecoin backed by physical gold
09:49
Crypto exchange ErisX partners with Etale to offer new trading features
09:23
World Economic Forum launches blockchain-based supply chain traceability platform
08:17
Crypto Technicals: LTC/USD holds above 51 mark, finds strong support at daily cloud
07:36
Liechtenstein's Financial Market Authority approves ethereum-based real estate tokenized fund
06:57
Greece to extradite alleged BTC-e operator Alexander Vinnik to France after supreme court ruling
05:26
Agribusiness blockchain initiative Covantis selects ConsenSys as technology partner
04:44
Crypto exchange Binance invests in blockchain startup Numbers
04:24
Crypto Technicals: ETH/USD holds above 21-EMA and cloud support, further weakness on charts
04:23
Indian IT firm Mphasis to develop blockchain privacy-enhancing tech solutions with QEDIT
04:04
Crypto Technicals: BTC/USD extends weakness, eyes next major support at 110-EMA (8134)
Jan 23, 2020 (Thursday)
13:26
Amun lists inverse bitcoin ETP on SIX Swiss Exchange
12:32
World Economic Forum creates framework to help central banks design and deploy CBDC
11:52
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft