EOS, the next ETF dark horse?
In the past two months, EOS's performance has completely surprised everyone, rising from a low of $0.4 to $1.5, an increase of 400%! Its market capitalization ranking has surged from around 100 to 60 as of today, defeating EOS short sellers.
EOS can be traded on hundreds of mainstream exchanges worldwide, such as Binance and OKEx; there was once a famous saying: the benefits of EOS are not from EOS itself, but from the exchanges. Although EOS's market cap once dropped from 3rd place to 100th, its trading volume has consistently ranked among the top, earning it the title of a battlefield for bulls and bears, as well as the doomsday battlefield.
Recently, the price of XRP soared, pushing its market cap over the trillion-dollar mark, catapulting it to the third position, much to the delight of many veterans in the crypto space. They started to consider investing in older coins like EOS, which are undervalued, traded on exchanges worldwide, technologically advanced, and have the most stories that are widely circulated. Whether they are black or red, they prove that the value of digital assets is not just talk; it must be measured by the level of on-chain usage. Concepts like community traffic and high concurrency are all ephemeral; time is the only standard for verifying truth.
With XRP's application for an ETF, a wave of growth for older coins was triggered, and the author found that EOS also has significant potential, possibly becoming the dark horse that drives this round of digital asset ETFs!
Everyone noticed that on November 12, Coinbase, one of the largest exchanges globally, launched their COIN50 index, which serves as a metric for the crypto market, similar to the Nasdaq index in the stock market, with a strong ETF concept, including EOS, which has been scorned for many years. In that month, the ETF concept for EOS within COIN50 rose by 50%. COIN50 index: coinbase.com/coin50
From the current bullish trend of EOS, the upward momentum has just begun. EOS, a coin that is well-known throughout the crypto world, is just starting its counterattack. In the short term, the expectation is bullish to $3; in the medium to long term, if the ecosystem is implemented, it may return to $5. If the ETF can be realized, breaking the $10 barrier cannot be ruled out.
