• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news EOS

EOS Collapses in Spite of Coinbase Earn and Voice Announcements

Dalmas Ngetich by Dalmas Ngetich
2 years ago
in EOS
Reading Time: 2min read
technical analysis altcoins
Advertisement
Nexo Logo
Listen to Article
  • EOS is under pressure and reacting from $9.5
  • Block One readies for Voice

As Facebook consults with the US CFTC, Block One plans to launch Voice. It is a social media platform where users won’t be products. Perhaps that will help steady EOS, which is down 20.5 percent week-to-date.

EOS Price Analysis

Fundamentals

The ultimate quest for every blockchain project is to launch a useful platform. As the sphere matures, some projects are ambitious. Block One, the builder of the EOSIO platform, is a fitting example.

Not only did they decide to introduce a consensus algorithm with new concepts like voting and governance, but the power wielded by the 21 Block Producers is often a trigger for debate. It’s a weak point where critics dig at, talking of centralization.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

All the same, what EOS introduces is a scalable, fast and reliable network from where projects can satisfactorily launch their dApps. Together with Tron, which is another network with a similar consensus algorithm, the two dominate by the number of supported dApps. Besides, they are highly ranked by Chinese CCID.

Nonetheless, Block One isn’t settling. Their eyes are on creating a decentralized social media that will run from their scalable and high throughput network called Voice. Prioritizing users, CEO of Block One Brendan Blumer said Voice would not churn marketing data from their subscribers:

“Our content. Our data. Our attention. These are all incredibly valuable things. But right now, it’s the platform, not the user that reaps the reward. By design, they run by auctioning our information to advertisers, pocketing the profit, and flooding our feeds with hidden agendas dictated by the highest bidder. Voice changes that.”

Candlestick Arrangements

EOS

At fifth, EOS is changing hands at $6.36 at the time of writing. Stable and up 1.9 percent in 24 hours, the coin is also the biggest loser from last week’s close, falling 19.8 percent. Even though buyers are in control, bears have the upper hand from a top-down approach.

Note that EOS slid by more than 90 percent before bottoming up and finding resistance at around $9.5. The level is the 61.8 percent Fibonacci from the coin all-time trade range. Moving on, for trend continuation, it is imperative that prices close above the $9.5 level.

Accompanying this rally should be high trading volumes that will be the necessary impetus for traders aiming at $12. If not, and EOS tumble below the main support trend line and $6, resulting selloff could see prices slide to $3.5.

Technical Indicator

As aforementioned, EOS bulls are in control and May 27th bull candlestick anchors this trade plan. It has high trading volumes of 10 million. As such, any close below $9.5 or drop below $6 ought to be with high participation preferably exceeding 10 million.

Chart courtesy of Trading View. Image Courtesy of Shutterstock

Tags: block.onebrendan blumereos
TweetShare35
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Dalmas Ngetich

Dalmas Ngetich

Interested in new Tech

Related Posts

Cardano CEO Shares “Too Big Too Fast” Insight on EOS CTO Departure

Cardano CEO Shares “Too Big Too Fast” Insight on EOS CTO Departure

1 week ago
crypto defi trash beach altcoin major xrp ltc

Pseudonymous Crypto Trader Trashes Major Altcoins: “Tides Have Turned” To DeFi

5 months ago
EOS Price Surges 10% and Technicals Suggests Rally Above $4

EOS Price Surges 10% and Technicals Suggests Rally Above $4

5 months ago
ethereum price

EOS Price Just Surged 15%—and More Upside Is Likely on Its Way

5 months ago
EOS Whales Are Accumulating on Every Dip; Bull Run Incoming?

EOS Whales Are Accumulating on Every Dip; Bull Run Incoming?

8 months ago
altcoin market crypto trading volume all time high

Altcoin Market Trading Volume Reaches New Crypto All-Time High

11 months ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Changelly

Changelly

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

The Foundation for Economic Education Announces Two Major Gifts from Bitcoin.com Founder Roger Ver

January 19, 2021

AC Milan to Join Sports Crypto Movement With Launch of $ACM Fan Token

January 19, 2021

Institutional-grade Crypto Exchange AAX Reports Record Fiat-Crypto Purchases in 2021

January 19, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +
  • Play Games
  • BUY BITCOIN

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.