What is now? EOS
Is the countdown or?
Both EOS and TRON are making the news lately with both their mainnet launches. However, over past 24 hours both of these coins have had a drastic double-digit fall in their prices.
EOS has seen a downfall of -15.45% and TRON with -10.01%.
EOS stands at the 5th position and TRON stands at the 10th position, these are the only two coins which have faced a double-digit fall.
This drastic crash in the prices for both the coins are speculated to be a result of the flash crash that Bitcoin faced on Saturday night when it dropped by almost $400 in under 2 hours.
The fall in EOS prices as per market speculations could be the result of their voting chaos.
This voting chaos has created a lot of frustration among the investors. It is said that only 2% have voted. This was a fall back as there was no protocol followed by the team, but was entirely left to the community, and this created trust issues.
One of the voters said:
“I am active, excited and heavily invested, but leaving the voting protocol and mechanisms to the community was a big mistake,”
The hack on South Korean exchange Coinrail hack is another speculation which has been recorded as the reason for the price fall. Prior to the hack, EOS was enjoying a good performance, at a value of $14.74.
Tron has had a mundane reaction to its mainnet launch as investors continue to wait for more updates. And yet, the company continues to model partnerships with other firms.
Discusion
The first impression is very important.
Wherever you come for the first time, the first impression is something that will mark you more than "later work".
Why be EOS creators could overlook such a thing (how much will many people would respond to network launch)?
It's human to be wrong, but you have to be careful when you are working with someone else's money.
currently in the game we have 4 (independent blockchain).
God bless you. @biblegateway
You got a 2.77% upvote from @upme thanks to @crypto-mammoth! Send at least 3 SBD or 3 STEEM to get upvote for next round. Delegate STEEM POWER and start earning 100% daily payouts ( no commission ).
Nice to see you and I Upvoted you :) !
:
“Death defines life. I'd rather stay undefined.” ====> Lera Auerbach