Why did EOS rise (why did EOS recently fall as dog)?

Why did EOS skyrocket? Recently, some netizens claimed that the price of EOS suddenly plummeted. In response, Xiao Cong, the founder of the EOS Chinese community, replied: “The recent market volatility is mainly due to extreme greed in the market, which has caused many investors to start selling their EOS holdings.” According to statistics from the OKEx exchange, the price of EOS soared to around 0.019 yuan early this morning, and is currently quoted at 0.026 yuan. In addition, according to CoinMarketCap, in the 24 hours before the article was published, EOS is now priced at $0.048, with a daily increase of 13.8%. However, from the market perspective, the recent trend of EOS prices is still relatively strong. “The reason why EOS is so popular is because it has the characteristic of decentralization, so I think its appearance is to attract more users and developers to participate.”

It is understood that the EOS ecosystem consists of four main parts: super node election, voting mechanism, incentive system (mainly rewards for platforms that support consensus algorithms, provide stablecoin or other encrypted assets mortgage lending services), and contract code writing. It uses C++ language compilation.

Why did EOS recently fall like a dog?

According to IMEOS reports, what happened to EOS recently? It fell like a dog. Yesterday, the price of EOS hovered around $0.005. This morning at 7 o’clock, a downward trend appeared, and the price fell to around $0.028 from $0.019 (currently at $0.033), and the overall trend is relatively weak.

However, EOS seems to be the best choice because it is an open-source platform and has attracted high attention from some developers and community members, such as BM, who is an excellent project manager… This makes it look like a game console on a public chain.