RATE Group | Blockchain Platform EOS Raised $4 Billion and Has Dropped Over 30% Since
74948
post-template-default,single,single-post,postid-74948,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Blockchain Platform EOS Raised $4 Billion and Has Dropped Over 30% Since

07 Jan Blockchain Platform EOS Raised $4 Billion and Has Dropped Over 30% Since

Posted at 23:52h in Cryptocurrency News by

[ad_1]

In the period between June 2017 and 2018, Block.one raised $4 billion via the sales of its native cryptocurrency, EOS. More than a year later, the token associated with the Cayman Islands-based startup has lost over 30 percent of its value due to massive price declines and a lack of authentic users.

The EOS-to-dollar exchange rate currently sits at approx $2.79 after peaking at $23.02 in April 2018. Like in the case of every other cryptocurrency, EOS too became a victim of massive dumping that occurred during the 2018’s so-called crypto winter. But unlike the benchmark cryptocurrency bitcoin, many smaller assets failed to revive a strong bullish price rally.

Low Buying Sentiment for EOS

Entering 2020, EOS remains inside a strong downtrend. It is specifically bad for a platform that was hailed as a crucial player in the emerging blockchain sector. As WSJ pointed back in 2018, projects like EOS have lured thousands of developers and investors to build decentralized applications (or…

[ad_2]

Source link

Tags:
, , , , , , ,