What now w/o EOS inflation?

in #eos6 years ago

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So now that the EOS ico is over, could the fact that there is a lack of daily new tokens to the tune of 2m EOS per day that had been thrown onto the market mean that prices will rise?

I am torn. I expect that EOS hype will fade once it went live. However there are a few less tokens that are being thrown onto the market, which ahould lift it up.

There is also the daily volume that hs been much closer to that of ETH which has much higher marketcap.

I think these two factors could make the price rise quite a bit.

What do you think?

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I agree with both of your thoughts. The 24 hour volume is only lower than BTC, ETH, and USDT. That to me is a good sign as a holder. Once our tokens are moved onto EOS and unfrozen you might see some selloff though. The only people trading are people with their coins on an exchange. I am just leaving mine where they are. The amount of airdrops that will happen from the Genesis snapshot will be plentiful, and many people may sell off once they know they are in for that.

I also watched a video by a guy who bet EOS would get to 1000$ by the end of the year. I'm not that bullish but the two reason he stated were the large amount of airdrops that will come. As well as the fact that dapps need to lock up tokens to use it, more users more tokens needed to lock up. Plus the airdrop tokens are gonig to sell of some of their tokens to buy EOS so they can have the badwidth to run their token.

I have told my friends we will hit 32$ sometime this year. That's as much as I could confidently tell them. I told them to buy at 2$ though so it's not a bad start into crypto for them at this point.

Honestly, I don't think there is something we can say. It is just too chaotic, too many moving parts, some already priced in, others not. Airdrops might be priced in already as well, at least the first X. Also, I expect some of the block producer candidates have collected quite some EOS. If they won't get elected, they might dump.

It is just too unpredictable what is going on. Let them first release one stable reliable mainnet and then I'll take another look ;-)

Edit: about the inflation, I don't think we'll see any effect of this. People simply don't look at this in this market. % of supply issued is one of the most overlooked metrics in the space. Check out https://onchainfx.com for instance and check Stellar and Ontology and try to determine whether their current marketcap is justified ;-)

Stellar and Ontology and try to determine whether their current marketcap is justified.

True, this really shows how immature and young this market really is. It's almost as if only high schoolers are buying in without any previous knowledge of how markets really work - supply and demand.

Is it fully launched now? I think it's hard to say what will happen with EOS. I'm not sure even @dan knows. lol

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The volume on EOS is impressive even from 6 months back. It's really hard to say what will happen short term but by end of year I believe the price will be much higher than $14. EOS is going to be a top #2 or #3 coin soon. I knew I should have bought more at .50 cents back last Oct. I went on a trip the week after and the price was already at a $1.50. That was when sentiment was very low and time to buy. If EOS really takes off with adoption now is still good time to get in. It's a hard call. I do love this project.

I don't think it will inflate from supple. It's a complete GARBAGE ERC20 token, plus they announced they have over 620 bugs on their GitHub -- probably be a while before this project comes to fruition me thinks...I'm interested for short-term trading only.

Well actually the mainnet has not gone live just yet, all the BPCs are auditing the code and taking the security measures for the official launch. EOS should spike after this the mainnet is launched, which should happen within the next few days. Greetings from #EOSVenezuela @knircky

I'm still not quite sure what to think about EOS to be honest mainly because I do not like there CEO's. Lately I often read some post predicting EOS at $1000 USD by end of this year but that all reminded me of McAfee's "$1 million Bitcoin - eat my dick in national TV" bet ;)

I do think the hype will continue but the eventual direction (up or down) will show itself after we seeing how they further implement themselves after the ICO.

with end to backup supply, eos price will go up......

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