EOS (EOS) continues on its path with no dramatic news in sight. The market price has stalled just below $9, growing slightly in the past week. EOS added about 3.2% to $8.59 on slimmer trading volumes dropping to around $575 million in 24 hours. For the time being, it looks like EOS is not affected by either enthusiasm or scandals.
!EOS!
The EOS RAM marketplace has also settled down with prices falling about 50% from their peak to 0.44 EOS per kilobyte. This price still means that creating a new EOS account is relatively expensive. At the moment, more than 81% of available RAM is utilized, although there are no operational distributed apps yet on the EOS network. This means that the RAM has been hoarded speculatively, and only time will show whether more RAM would be made available, considering the price.
Additionally, Block.One has revealed potential involvement with the upcoming dApp ecosystem. Block.One has shown readiness for technical support and some limited promotion for promising projects.
“One of the main ways we support developers is by providing technical support for projects utilizing EOSIO.”
New projects may also have access to limited financing. Currently, launching a token or a dApp may be prohibitively expensive due to the high RAM prices. Developers are advised to look to block producers for promotion, and now Block.One is a possible source for launching a project.
After a few turbulent weeks following the launch, EOS has overcome some of the drama. Optimists see the market price lifting off once the bear market starts to recover, with some predicting prices of above $35 at the end of the year. Meanwhile, EOS has estimated that price will be in the $30 range even before its launch, but that projection has never materialized. EOS only reached a spike above $20.
EOS trading has also shifted to new markets, moving to the Big.One exchange, with volumes lowered on Binance. At the same time, trading on Binance and OKEx means that nearly 50% of EOS are paired with Tether (USDT).
https://twitter.com/eosnewyork/status/1015967366985940993
EOS optimism partially came from the long list of airdrops, although the full usage of dApps is still far in the future.
This article appeared first on Cryptovest
