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The EOS coin has been in a major pullback since 6th November after a failed attempt of rising towards its all-time high. The coin has not registered any major price movements in a span of more than one month and investors believe it is prepping for a major breakout.
One of the pointers that investors are looking at is the recent cancelation of payments worth $250 million in EOS that was supposed to be made to Block.one and Brock Pierce. The monies will alternatively be used to better the EOS ecosystem and therefore make services more efficient.
To help investors and traders who want to buy EOS COIN, Invezz has created a brief article to help with identifying the best places to buy it.
To find out more, please continue reading.
Best places to buy EOS coin
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Capital.com
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What is EOS?
EOS is the native token of the EOS platform.
If it is your first time hearing about the EOS platform, it is a blockchain platform that was launched in 2018 and it is geared towards providing decentralized app (DApp) developers with a platform to develop and deploy their DApps.
EOS platform simplifies the process of developing and deploying DApps to make it easy for developers to embrace blockchain technology.
Should I buy the EOS token today?
If you want to invest in a cryptocurrency that has dipped in the past few weeks but has great prospects of jumping quite considerably in the future, then the EOS is a great choice.
Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.
EOS price prediction
The majority of analysts believe the current EOS market pullback is coming to an end and the cryptocurrency could see a rapid rise in the coming days towards the end of the year.
All eyes are fixed on the immediate high of $6.218 after which the token could take a stub at $14.37 before going for the all-time high of $22.89.
$EOS social media coverage
Through a super majority consensus, the EOS network has taken its future in its own hands. This begins a new era for #EOS and highlights the power of the blockchain to enable a community to stand up against corporate interests that donāt align with theirs. https://t.co/8l62MBG67C
ā Yves La Rose (@EosNFoundation) December 8, 2021
#EOS $EOS 24hour volume is up to $1.72Billion
Short squeeze incoming š pic.twitter.com/YUguSZDbBaā EOS to $1000 š (@BPEOSIO) December 8, 2021
The post Where to buy EOS coin amid prospects of a better future after payments worth $250 million in EOS to Block.one and Brock Pierce were halted appeared first on Invezz.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.