I will provide reasons why I believe the EOS token price is currently entering a Bull run.

My Investment case:

Main points:

• EOS Testnet will be launched on September 20th, in the London Blockchain Live. Since the ICO, one of the Red flag has been that “there is no product”. As soon as D.Larimer will show users and investors that there is a product easy to use and develop on, it should have a strong effect on investor’s sentiment
• The world is becoming more familiar with cryptos and are waiting for a strong backed-up projects that knows where to go. EOS seems to fit the criteria and he’s backed by Private Banks and Private Equity. The London Blockchain Live conference is attracting thousands of People this year and will be a great way to advertise EOS’ capabilities
• Block.one has strong financial power that can lead to strong partnership with big “mainstream” players and they woul probably buy a lot of advertising in London for the occasion. Block.one's CEO Brendan Blumer.is someone who knows how to present a tech product.
• EOS price has been under pressure since the beginning of the ICO because there is a lot of doubt and people calling red flags. I repost the most important sentence of the SGT interview of Joey, co-funder of Bitshares: “The people who say that there is no product yet, Dan has built 2 of them if they think he’s not gonna build the 3rd one, they’re crazy. This is the one he always wanted. The other 2 were just helping him get there.”

Other points:

• EOS intends to make programming even easier for developers as the actual Solidity language is not the perfect fit
• Ethereum is too slow to build apps as Steem or BitShares, EOS is designed to be able to host hundreds of these apps
• On EOS you would be paid for owning tokens (share of the network) that the dapps/companies will use
• EOS is not subject to mining that is computer intensive and ends up being less decentralized (7 mining pools mine 70,4% of Bitcoin Blocks)
• D.Larimer announced that his next product will be built on the EOS blockchain
• Yesterday Kraken exchange delisted EOS/EUR and EOS/USD pairs which put pressure one the EOS price, but it is now bouncing back
• From a technical analysis, the down trends is currently being broker which could allow an uptrend to take place

Trading Update

EOSUSD – 4 hours

EOSUSD – 1 Day

Interview with Dan Larimer about EOS – The Decentralized Operating System

THE EOS CONTROVERSY, STEEMIT & A WORLD OF CRYPTO - Joey, co-funder of Bitshares on SGTReport

Please remember that this is my own personal opinion and not a financial/investment advice. You need to do your own research to make your own decision. Investing in cryptocurrencies can lead to financial losses.

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