EOS Could Trigger The First Bull Run Of 2019

[PRIBO247]

We awoke this morning to news that EOS was the highest
performer on the market, smashing past Tether and Stellar moving
up to fourth place by market capitalisation. This huge increase in
market cap seems to be down to two distinct things, firstly, a huge
spike in the price of EOS and secondly, reports that have surfaced
recently that discuss the market cap of EOS and how over 12% of it
is now made up of other tokens built upon the EOS protocol.
If you’re not aware, EOS is similar to Ethereum in that it allows for
the development of EOS based tokens, the more tokens that can
built on the EOS blockchain, the higher the market cap of EOS will
grow. What we are seeing now seems to be a direct result of this.
According to Block.one :

“Block.one is a software company and is producing the EOSIO
software as free, open source software. This software may enable
those who deploy it to launch a blockchain or decentralized
applications with the features described above. Block.one will not
be launching a public blockchain based on the EOSIO software. It
will be the sole responsibility of third parties and the community
and those who wish to become block producers to implement the
features and/or provide the services described above as they see
fit. Block.one does not guarantee that anyone will implement such
features or provide such services or that the EOSIO software will
be adopted and deployed in any way.”

During April 2018, we saw a huge spike in the value of EOS that
took the token to it’s all time high of over $21.00. This bull run
from EOS, seemed to then cause a spike in optimism that pulled
the rest of the markets up with it. Traditionally, Bitcoin is seen as
the market leader in that when Bitcoin spikes, the rest of the
markets follow. During the April bull run however, EOS shot up
first, calling to question the true power of EOS and the EOSIO
project.
During April, when EOS shot up, Bitcoin almost peaked at
$10,000.00, however, this bull run eventually fell short and led to a
steep correction and eventually, the bear market that swamped the
remainder of 2018. We could say that we are seeing similar
motions within the markets today, as EOS embarks on a surge, the
rest of the markets are following on nicely. Now of course, we
can’t expect to see EOS reach over $20.00 as a result of this and
Bitcoin is unlikely to peak at $10,000.00 just yet, however what
we would like to ask is - will this sudden spike in EOS activity
cause a bull run in early 2019?

source: https://cryptodaily.co.uk/2018/12/

[mojerjer]

I think Bitcoin will trigger the bull run and not EOS but EOS will still remain being competitive coin in the crypto market. This coin may give is the benifit to earn more profit in the near future.

[TanPhan]

I think Bitcoin will trigger the bull run and not EOS but EOS will still remain being competitive coin in the crypto market. This coin may give is the benifit to earn more profit in the near future.

Indeed I think the king Bitcoin will trigger too. Because all of the crypto market price are depending to Bitcoin price. So no surprise when this king will be the first one to fly to the moon and all of market follow behind

[masudginanjar]

I think Bitcoin will trigger the bull run and not EOS but EOS will still remain being competitive coin in the crypto market. This coin may give is the benifit to earn more profit in the near future.

That is certain because the increase in Bitcoin prices will definitely give a perfect effect to EOS.
Bitcoin can be said to be the parent of all altcoins and EOS prices still follow the price of Bitcoin.

[Rex]

I think Bitcoin will trigger the bull run and not EOS but EOS will still remain being competitive coin in the crypto market. This coin may give is the benifit to earn more profit in the near future.

Indeed I think the king Bitcoin will trigger too. Because all of the crypto market price are depending to Bitcoin price. So no surprise when this king will be the first one to fly to the moon and all of market follow behind

Agreed too, EOS can only follow Bitcoin, so Bitcoin will be the first one trigger the pump and all of crypto market will follow Bitcoin in this pump. But this will take long time to happen