The best strategy for EOS owners right now is not to do anything - and for the rest, to wait a while before the network becomes stable. Recently, a new phishing site has been discovered. Users with MetaMask in their browsers will see a warning, but for others, the eos-platform.net site is still accessible, offering the opportunity to create a wallet.
However, the site is set to create tainted wallets that may steal private keys. It is best to only use official, community-recommended EOS services for voting. The EOS voting continues with a relatively smooth pace, with about 1% of tokens voting each day, and no signs of big wallets staking their coins. At the moment, 26% of tokens have voted, electing 21 top block producers, with smaller candidates also receiving votes.
As the EOS network has launched, skeptics have raised doubts that the $4 billion ICO was worth the investment. The EOS digital asset is starting to look shaky - and some have predicted network launch troubles would depress the price toward $5.
In another market downturn, EOS quickly lost its positions, sliding by more than 9% net in the past 24 hours, to $9.60. The price slide is ominous, given that EOS has held up well, with low volatility and a price stabilized above $10.
!EOS!
EOS looks to be on a downward trend, as the share of Tether (USDT) trading dwindles every day, back down to 36% from 39% at the start of the week.
Now, the EOS network will have to prove it can carry transactions safely, and also show how the promised apps will work. EOS remains attractive for the upcoming airdrops of promising projects, but time will tell if distributed apps on EOS will work and find users.
https://twitter.com/eosnewyork/status/1009840671581143041
EOS transactions on Blocktivity show the network is extremely active, rising to the top 5 networks in terms of weekly transactions. Curiously, Steemit, another project of Dan Larimer, is the leader, followed by Ethereum. However, it is hard to estimate what the transactions mean, and how they are related to the voting, or other uses of the EOS network.
This article appeared first on Cryptovest
