EOS [EOS] is waiting for the storm to pass

At the time of writing, EOS [EOS] is waiting for the storm to pass and bulls to come. Analysts are worried about the negative trend which is being seen in the cryptocurrency market. Many experts have said that this negative trend might follow to the coming months as well.

EOS [EOS] is still trading under $13 and at 4:00 AM UTC, EOS was priced at around $12.50. EOS is trading in the 5th position in the market, with a total market capitalization amounting to more than $10.7 billion. In the last 24 hours, prices are coming down at an alarming rate of 8.26%.

In the last one week, the price of the EOS has been falling down dramatically as it was around $17.68 on 11th May, and by today it has dropped to $12.53. More than $5 dollars have dropped in a period of one week.

On April 29th, the prices were almost up by 200 percent year-to-date [YTD] as compared to what it is now. But after coming down from this level, there hasn’t been any robust momentum in the price of the token.

EOS is a cryptocurrency which is linked to an innovative blockchain platform that can be used for running decentralized applications [dApps].

There has been a lot of anticipation surrounding the launch of EOS’s main-net which is scheduled to be launched during the first week of June. EOS is suffering some losses at the moment as it has dropped below $13. Experts believe that the prices are going to recover soon as it is going to benefit from the anticipation surrounding the launch of EOS’s mainnet, contributing to the positive momentum of the coin.

goodbyebanks has tweeted:

“Eos is inspiring me to start coding again”

A Twitter user says:

“I have a hard time getting excited about any coin until BTC starts moving upward again”

Narasimha Kankara, a Twitterati says:

“I am buying equal bags of $EOS and $TRX….. Meet you after 15 Jupiter days”

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