• Days
  • Hours
  • Mins
  • Secs
  • Sun, 15 Sep 2019, 07:33 AM
  • All times are UTC
  • Edition:
    International
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) $10,360.30 (+0.27%)
  • Ethereum (ETH) $188.62 (+4.37%)
  • XRP (XRP) $0.263400 (+3.09%)
  • Bitcoin Cash (BCH) $306.28 (+2.68%)
  • Litecoin (LTC) $70.94 (+3.10%)
  • Bitcoin (BTC) $10,360.30 (+0.27%)
Sep 13, 2019 (Friday)
11:12
Libra Association head confident about crypto launch in H2 2020
10:42
Blockchain industry welcomes Mastercard-R3 collaboration, but skeptical about the future of private networks
09:52
tZERO to bring blockchain to film financing via new partnership
09:11
France mulls blocking Facebook's Libra project on European soil as FINMA chief weighs pros and cons of the cryptocurrency
07:26
Thailand's PTT, Energy Web Foundation to develop blockchain renewable energy marketplace
07:17
Russia’s Alfa-Bank launches liquidity management service on Waves Blockchain
06:40
Zelle co-founder Mike Kennedy replaces Adam Ludwin as CEO of Interstellar
06:34
Crypto Technicals: XMR/USD recovery lacks traction, price action capped below 21-EMA (75.86)
05:56
Crypto Technicals: BTC/USD trades range-bound, no clear directional bias
05:03
PundiX to launch a fully blockchain-powered phone Blok on Blok (BOB)
04:54
Cryptokitties maker Dapper Labs secures $11.2M to develop blockchain Flow, scores deals from Warner Music, Ubisoft
04:48
Crypto exchange Huobi likely to attempt backdoor IPO in Hong Kong
03:49
Binance's NYDFS-approved stablecoin BUSD is now live on Paxos, to be listed on Binance next week
03:33
Deutsche Telekom's T-Labs launches blockchain e-mobility pilot 'Xride'
Sep 12, 2019 (Thursday)
12:24
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:13
Binance Futures to go live on September 13
11:43
Santander issues $20M bond using Ethereum blockchain
08:55
Binance US to open user registration next week
07:38
Marshall Islands to launch a pre-sale for its blockchain-based national cryptocurrency
06:38
United Kingdom leads with most number of registered cryptocurrency exchanges: Study
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft