Over the past couple of weeks we have seen cycles of altcoins outperforming bitcoin when price action is positive & underperforming bitcoin when price action is negative. EOS has been the anomaly in this case with it often holding strong on when the altcoin markets were bleeding.
However, there was some security concerns in the news last week which has had a significant impact on price dropping it to around the 17$ level. This could represent a good opportunity to enter as we are now fast approaching mainnet launch date. This means that EOS is going to be getting increased news coverage & will be even more in the public eye. Regardless of whether the project is based on fundamentals alone, it is worth a calculated bet on this fact alone as there is sure to be more investors attempting to get in before the mainnet launch.
It is difficult to forecast what will happen to price action after the mainnet launch, for this reason it is recommended to take significant part of position off soon after launch.
Trade Time Frame: One month, sell at least half upon mainnet
Disclaimer: Not financial advice obviously
However, there was some security concerns in the news last week which has had a significant impact on price dropping it to around the 17$ level. This could represent a good opportunity to enter as we are now fast approaching mainnet launch date. This means that EOS is going to be getting increased news coverage & will be even more in the public eye. Regardless of whether the project is based on fundamentals alone, it is worth a calculated bet on this fact alone as there is sure to be more investors attempting to get in before the mainnet launch.
It is difficult to forecast what will happen to price action after the mainnet launch, for this reason it is recommended to take significant part of position off soon after launch.
Trade Time Frame: One month, sell at least half upon mainnet
Disclaimer: Not financial advice obviously