The EOS (EOS) cryptocurrency has never looked this attractive for purchase in a very long time. The last time it was hovering at current values of $5 was back in mid March when it was valued at $4.34 before it set itself for a bull run that was catalyzed by the Mainnet launch that was scheduled to happen on the 2nd of June.
Due to the Mainnet launch, EOS peaked at levels of $21.56 on April 29th, before declining to about $10 four days before the launch. It would then spike to $14.89 on the eve of the Mainnet event. Since then, it has continued to weather the continual crypto market frustrations that has been brought about by bad news in a bear market.
But all is not lost. Underneath the news of Bitcoin ETFs, Ripple lawsuits and Stellar being listed on Coinbase, EOS is slowly but surely attracting DApps (decentralized Applications) that were initially on the Ethereum platform as well as changing the minds of any that were planning to develop on ETH.
In a tweet a few hours ago, @MeetDotOne – an EOS-centric twitter handle and page – brought to our attention the list of DApps now available on the EOS platform. The tweet was as follows:
— MEET (@MeetDotOne) August 13, 2018
Further zooming into the infographic provided,a good guesstimate would bring the total number of DApps now developed on EOS to over 100. We also find that the DApps are categorized further as follows:
- Development Services
- Social Networks
- Data Services
Recent blockchain ratings by the Chinese Government
The Chinese Government, through the China Electronic Information Industry Development (CCID), has ranked EOS in the number one position – for a second time – in a list of best blockchain platforms according to the three categories of Technology, Applicability and Innovation. EOS managed to edge out the fan favorites of Ethereum, Nebulas, NEO and Stellar to stay at the top of the list for a second time.
Considering the fact that more DApps are choosing EOS over Ethereum and that the Chinese government ranks the platform best, one is tempted to conclude that the current price of the coin is seriously discounted. The Bitcoin ETF aftershocks have affected the value of EOS. The current value can also could be a good entry point for any crypto-trader who did not manage to get some EOS back in March when it was valued around $5.
Disclaimer: This article is not meant to give financial advice. Any opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.
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