The EOS.IO software introduces a new blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This is achieved by creating an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication, and the scheduling of applications across many of CPU cores or clusters. The resulting technology is a blockchain architecture that may ultimately scale to millions of transactions per second, eliminates user fees, and allows for quick and easy deployment and maintenance of decentralized applications, in the context of a governed blockchain.
Current Price: 17.98$
After the big increase, the last day we could observe big correction. RSI is close to the 100 and on MACD chart we can also observe trend change. Current recommendation is to stay out of EOS market.
In opposite, if the uptrend will be continued, we can expect big gain in respectively short time. However bear in mind that can be only a hype effect.