What is EOS Perpetual (Is EOS Suitable for Long-Term Holding)?
What is EOS Perpetual? It represents a new trading model, similar to Ethereum\’s
What is EOS Perpetual? It represents a new trading model, similar to Ethereum’s infinite transferability. When users use this software on EOS, they can choose to transfer their coins to a contract account to earn income and hold them until the expiration. This process is a continuous timestamp, and if a digital asset is liquidated one day, it will automatically retrieve its funds from the smart contract. Therefore, with the guarantee of security, this mechanism can allow anyone to permanently exit the network as long as they do not participate in mining.
Is EOS suitable for long-term holding?
According to bitcoinexchangeguide, the current price of EOS is around $2. This suggests that if investors hold it for a long time, the price should rise to over $4. However, long-term holding is unsustainable because they do not bring value. According to data from bitinfocharts, EOS has been steadily growing since last year. Although EOS has performed poorly in recent months (but its market cap still exceeds Ethereum), it may not generate profits in the short term due to its high volatility compared to Bitcoin and Litecoin.
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