For the cryptocurrency EOS, a change in the blockchain will take place in the next few weeks.
The so-called Antelope Protocol specializes in the blockchain changes decided by the crypto community.
In our EOS Coin forecast you will get all the details about Antelope as well as a chart analysis of the impact on the EOS Coin price.
Price history of the EOS cryptocurrency since mid-May
EOS Coin price rises by 24 percent: these are the reasons
EOS is a scalable cryptocurrency that has an open source platform with a proof of stake consensus.
With a market capitalization of $1.43 Billion the EOS Coin ranks 40th among all cryptocurrencies. Most recently, the cryptocurrency caused a stir with an increase of about 24 percent. The EOS price rose from around 1.26 US dollars to about 1.60 US dollars.
The EOS Foundation announced the spin-off from the original EOS blockchain on Wednesday.
With the help of a so-called hard fork, the community-driven Antelope project begins.
Which Antelope Coalition consists of four high-performance layer-one blockchains.
A common framework connects them to a powerful blockchain.
These include EOS, Telos, UX Network and WAX.
A New Era Begins! Community-Run Framework Antelope Leaps Ahead! – EOS Network Foundation
Antelope is an open framework for building fast, secure, and user-friendly Web3 dApps. Antelope is an evolution of the battle-tested EOSIO.
Antelope builds on the significant strengths of EOSIO. In addition, various functions for the blockchain will be added.
Chart analysis of the EOS Coin: further price increases for the cryptocurrency
Since the local low point in June, the EOS cryptocurrency can be used up to 125 Percent of price gains register.
The EOS Coin is currently trading at a price of 1.40 USD.
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Overall, within the last two months, by establishing consistently higher highs, a An upward trend is created.
Nevertheless, this bullish price impulse must be appropriately classified in the overall picture.
Because since the all-time high of 23 US dollars in 2018, the EOS Coin price has lost entire 93% of his course.
Especially internal conflicts in the development team, the price potential of the EOS Coin has been severely limited in recent years.
Currently, the EOS cryptocurrency can be used with increased volume form two uptrend lines as price support.
EOS Coin price on the 4-hour chart
The central resistance for the EOS Coin is the 1.60 USD mark.
Forecast of the EOS Coin price
In the 1-day chart of EOS, we can identify a very strong downward trend.
Current information on the crypto market can be found in our current YouTube video
Using the test and the unsuccessful breakthrough the resistance trend line is still intact.
During the last days of the EOS course, the Relative Strength Index (RSI) approaching the value of 70, EOS is simultaneously listed at the top of the Bollinger Bands (BB).
Both indicators thus imply a overbought condition the EOS cryptocurrency.
Further EOS price increases are therefore from low probability. Therefore, investors who buy EOS to speculate on short-term profits should be all the more cautious.
EOS Coin price on the 1-day chart
If the EOS Coin succeeds, the $1.40 to keep the mark, is a Consolidation at this price level.
Our EOS savings plan calculator shows you that regular investing is worthwhile. Try it out!