This weekend saw a huge EOS hackathon in Hong Kong take place and as such, we would expect with such a heightened community spirit, EOS may have buffered itself against any incoming damage. This however does not look to be the case. Now of course, we can’t ponder on this too much. EOS will recover from this fall, but, as the moment, it is starting to look as if we could see EOS return to single figures again. If this happens, we may very well see some resistance met as EOS tries to surpass $10.00. Overall, don’t panic too much. EOS will pick up pace and its true value will be restored. As it stands though, this looks to be the start of a sink that might last a little longer than many investors are comfortable with.
Full house at the #EOSHackathon as teams from around the world came together and rose to the challenge. Thank you to all our participants and we look forward to hearing your pitches later today. pic.twitter.com/nqmeYtgdvE— EOS (@EOS_io) June 10, 2018