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Breaking News / Cryptocoins / Ethereum

2018 Is A Big Year For EOS, Could It Overtake Ethereum?

EOS is set to have a huge year, and could see it solving a number of problems that we see in other coins, such as scalability. Ethereum is the second highest cryptocurrency coin, when it comes to market capital; however, experts are predicting that EOS could in fact overtake them in this coming year.

EOS have just announced a joint venture with Mike Novogratz Galaxy Digital for a new $325million fund. A huge investment like this can only mean great things for this altcoin, and is set to get a lot of people interested. They are also working with the former CEO of Bithumb, a Korean exchange. Korea is heavily involved with cryptocurrencies, so his influence will have great effects on EOS.

EOS Cryptocurrency Logo

When it comes to investing in EOS it potentially carries a lower risk than others. According to Coin Check Up, the maximum gain is 143% and the maximum loss is 45%. Whilst this might not be what you are looking for in an investment, and you might not be able to stand to lose that amount, you have a lot more to gain from your investments than other coins, such as Ethereum.

When you look at their presence on social media, they are constantly releasing new news stories by the hour. This is great news in the world of crypto as it shows that they are constantly developing their platform.

The number of investors have significantly increased in this month alone, as well as the number of developers. Where other, older cryptocurrencies, such as Ethereum, who are perhaps stalling in their development somewhat, are finding it harder to fix the flaws they have; however, new coins, such as EOS are noting the downfalls from other coins and are applying these to their development, to make their coins more accessible, more scalable, and a better investment choice.

It is down to this, and their heavy involvement with companies such as Steemit that will propel EOS into superstardom this year. That’s not to say that coins such as Ethereum will not continue to perform well, but they will just have more competition.

Source: https://www.youtube.com/watch?v=pLx8dpn9NsA

Featured Image Source: Flickr – descryptive.com

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Frances is a writer for Crypto Daily, and she is responsible for bringing you the latest news on everything that is related to the Crypto world. She has a keen interest in Cryptocurrencies, and has many years of experience writing in all different roles. She is incredibly passionate about writing, and this combined with her interest into the finance, and virtual currency sector means that you are kept up to date with all of the latest news and information regarding all cryptocurrencies.