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EOS (EOS) Just Moved A Step Closer To Killing Off Ethereum (ETH)

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EOS Image

EOS (EOS) is the number nine ranked cryptocurrency by market capitalization right now, priced at $12.36 for a capitalization of a little over $7.6 billion. Over the last 24 hours, we’ve seen a large spike in volume, with the coin trading more than $2 billion across its primary exchanges since this time yesterday and looking set to reach if not exceed this number heading into the middle of this week.

Anybody who has spent a bit of time in the space will likely already be familiar with what EOS is trying to achieve – the company behind the token has developed a platform that it expects will overtake Ethereum as the primary decentralized application technology globally over the next few years.

This is one of those claims that seems outlandish at first glance but, when you look at the technology that underpins what EOS has developed, and, at the same time, when you look at the milestones that the company has achieved to date, the claim goes from being outlandish to being one that a large portion of the space cannot afford to ignore.

There’s also something else we like about this one.

Take a look at the chart below.

EOS Daily Chart

EOS Daily Chart

It’s very rare that you see this sort of neat bullish setup on a cryptocurrency chart – at least, that is, on the wider time frames. In the equities markets, a chart like the above EOS chart would have shorter-term traders chomping at the bit to pick up an exposure at current depressed prices in anticipation of the coin continuing to record fresh higher highs and higher lows as part of its overarching upside trend.

Combine this with the above-mentioned volume spike and things become even more attractive.

But that’s not all.

Block.One, which is the company behind the EOS technology, just announced the creation of a fund to exclusively invest in opportunities leveraging EOS.IO software. This is the first announcement for the company’s EOS VC partnership program to stimulate EOS.IO innovation and, importantly, it comes as part of a partnership (as in the company is seeding the fund in collaboration with) TomorrowBC. Think you’ve heard that name before? You probably have. Derek Rundell, a managing partner of Eric Schmidt’s venture firm, TomorrowVentures, is the Managing Partner of TomorrowBC.

We already know that Schmidt, billionaire and Executive Chairman of Alphabet, is a big fan of the potential of blockchain technology and that TomorrowBC is seeding a fund with Block.One creates a direct link between the Google billionaire and the company EOS technology.

That’s big news for any company but for one that’s positioned as Block.One is, it’s a very important development. It’s a strong validation of the technology but, beyond that, it’s also an indication that EOS might finally be making good on its potential and stepping on Ethereum’s toes in this sector.

Keep in mind that the EOS technology is in its early iteration right now, with the EOS.IO Testnet having been launched at the start of last month.

With that said, decentralized applications are being built on the Testnet as we speak and, as each of these completes and builds out the EOS ecosystem, the company behind the technology is only going to attract increased attention in the sector.

And as we know all too well, it doesn’t take much in terms of mainstream coverage to really get a coin moving in this space.

Bottom line: not only is this one technically poised for a run based on the above-illustrated chart but it’s making strides fundamentally to position itself a real force in the cryptocurrency revolution.

We will be updating our subscribers as soon as we know more. For the latest on EOS, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of Block.One

Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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GDA Capital in Conversation About the Future of Digital Assets at Global Family Office Summit

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GDA Capital organized the quarterly Global Family Office Summit this week. The event was held virtually with a number of technology leaders and high net worth investors who discussed issues such as education, trust and responsibility to give back. Among these were insightful conversations with Dubai-based Dalma Capital’s CEO Zachari Cefaratti, Holt Fintech Accelerator founder Brendan Hold Dunn, Global Data Sentinel CEO and White City Ventures Chairman of the Board Shahal Khan, and Elitium CEO Raoul Milhado, among others. Participants were also given access to off-market opportunities to invest in novel technologies.

Will Bartlett, GDA Capital’s Director of Research, headlined the event by focusing on tech in the modern economy, and identifying six sectors where new technologies can make a lasting impact: robotics, space, biotech, machine learning, quantum computing, and blockchain. In the context of blockchain, he discussed how digital assets are a hedge against traditional financial markets. “Cryptocurrencies have no exposure to stock market returns, macroeconomic factors, or returns of currencies and commodities,” Bartlett said.

More so, Bartlett believes that new models for digital assets such as DigitalBits’ branded stablecoins are key to the development of the field. These currencies replace traditional rewards and loyalty point systems that are commonly used by household brands by porting them to the blockchain. Meanwhile, they rely on brand…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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