EOS vs ETH
Coin of the day is EOS
Continue search for the nice looking bottoms, while Bitcoin continues to load dips.
Looking at the most logical next-generation of cryptocurrencies – Dapp's platforms… there are two main players now, at least that how the prevailing public opinion sounds, there is a leader Ethereum and a pretender EOS. Many stakes that EOS will overtake ETH this year, in such case it is logical to buy it now, as the difference is still pretty high.
Strong sides of Ethereum
For now, Etherum has a huge size of its blockchain reaching 1 TB – slowing down synchronization of nodes, hence slowing the transactions speed. The speed now is 15 transaction in second, the team promise to increase it to one million with the help of its Sharding algorithm (partial voting for a transaction with the help of trusted nodes) and Plasma(scalable autonomous smart contracts) technologies.
Ethereum team is constantly improving their unique consensus algorithm - Casper (hybrid POW/POS protocol), the latest version was released on May 8. Which also promised to make the work of the network safer and more efficient.
EOS advances
In advantage over Ethereum, EOS allows making transactions with no commissions. Furthermore, the architecture allows parallel execution of Dapps. Hence EOS system seems to be more reliable to perform distributed calculations.
EOS collected a record amount of 4 billion dollars from ICO, and a large piece of this funds was in ETH. Recently EOS transferred about 200000 ETH to its Bitfinex accounts, and probably was selling them prior Mainnet launch, allegedly this was the reason of lowering ETHUSDT from 700 to 520 USD. It seems that EOS has a good relationship with Bitfinex, as they were able to perform such operations with ETH. Also Bitfinex planning to launch “first high-performance decentralized exchange” EOSFinex with them. So, it is quite possible, that EOS will be able to perform more sell-offs of ETH in future, lowering their price.
Overall, competiton in any field leads only to the improvement of this field. And such rapidly developing niche could handle two companies as well. Worth noticing that rating agency Weiss recited both this company as highest in Technology rate.
Technicals
Bounce down from the Bearish Trend Line on 6.09 did not allow EOSBTC to enter the bullish state. Instead, the coin went into a correctional movement, probably due to delays in the Mainnet launch and overall market depression due to BTC fall. Nonetheless, 0.0014 – 0.0015 zone seems to have a strong buying potential and pushed the price up in latest hours. For now, it essential to follow the news about Mainnet launch and adoption to be sure that there not occur any major issues. Nearterm resistance 0.0016 looks like to be broken soon. A breakthrough above 0.0018 – 0.0019 zone would bring back bullish state to the coin and will send it to test 0.002 level and above. From the below, we have strong support zone 0.0014 – 0.0015 supported by the 100-days EMA.
Continue search for the nice looking bottoms, while Bitcoin continues to load dips.
Looking at the most logical next-generation of cryptocurrencies – Dapp's platforms… there are two main players now, at least that how the prevailing public opinion sounds, there is a leader Ethereum and a pretender EOS. Many stakes that EOS will overtake ETH this year, in such case it is logical to buy it now, as the difference is still pretty high.
Strong sides of Ethereum
For now, Etherum has a huge size of its blockchain reaching 1 TB – slowing down synchronization of nodes, hence slowing the transactions speed. The speed now is 15 transaction in second, the team promise to increase it to one million with the help of its Sharding algorithm (partial voting for a transaction with the help of trusted nodes) and Plasma(scalable autonomous smart contracts) technologies.
Ethereum team is constantly improving their unique consensus algorithm - Casper (hybrid POW/POS protocol), the latest version was released on May 8. Which also promised to make the work of the network safer and more efficient.
EOS advances
In advantage over Ethereum, EOS allows making transactions with no commissions. Furthermore, the architecture allows parallel execution of Dapps. Hence EOS system seems to be more reliable to perform distributed calculations.
EOS collected a record amount of 4 billion dollars from ICO, and a large piece of this funds was in ETH. Recently EOS transferred about 200000 ETH to its Bitfinex accounts, and probably was selling them prior Mainnet launch, allegedly this was the reason of lowering ETHUSDT from 700 to 520 USD. It seems that EOS has a good relationship with Bitfinex, as they were able to perform such operations with ETH. Also Bitfinex planning to launch “first high-performance decentralized exchange” EOSFinex with them. So, it is quite possible, that EOS will be able to perform more sell-offs of ETH in future, lowering their price.
Overall, competiton in any field leads only to the improvement of this field. And such rapidly developing niche could handle two companies as well. Worth noticing that rating agency Weiss recited both this company as highest in Technology rate.
Technicals
Bounce down from the Bearish Trend Line on 6.09 did not allow EOSBTC to enter the bullish state. Instead, the coin went into a correctional movement, probably due to delays in the Mainnet launch and overall market depression due to BTC fall. Nonetheless, 0.0014 – 0.0015 zone seems to have a strong buying potential and pushed the price up in latest hours. For now, it essential to follow the news about Mainnet launch and adoption to be sure that there not occur any major issues. Nearterm resistance 0.0016 looks like to be broken soon. A breakthrough above 0.0018 – 0.0019 zone would bring back bullish state to the coin and will send it to test 0.002 level and above. From the below, we have strong support zone 0.0014 – 0.0015 supported by the 100-days EMA.
Uwaga
Update on Mainnet launch:"The Mainnet Is Live!
It's happened! 150 million votes was reached and the chain has become activated. Block Producers are now producing blocks, and all the features of the chain are now operational!"
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