So if it drops 10 times more, it will be a good entry point; currently, it is still high.
目标3000W
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Bearish
$EOS 6 yuan for EOS is definitely a high price, with a market capitalization of 10 billion, it's too high. EOS should be compared to the market capitalization of the young model coin OMG. Both of these coins were top projects in the domestic public chain market when they were issued back in 2017, rising together in popularity within the coin market. OMG had an ICO of 25 million USD, and now its market cap has dwindled to 300 million RMB. EOS still has a market cap of 10 billion RMB. When EOS was priced at 50 RMB each in 2018, its market cap was also less than 30 billion RMB. Now EOS has dropped to 6 yuan, yet its market cap is still over 10 billion RMB. The coin price has fallen by 10 times, but the market cap has dropped by less than twice. Initially, it was an annual increase in issuance, but later a one-time issuance of 1 billion was needed to stabilize this market cap. OMG, the young model coin, is almost disappearing, and who knows how long EOS will take to disappear. OMG was the representative coin of the POS Ethereum killer alongside EOS back in 2018. Comparing EOS to OMG is completely reasonable, hahahaha.
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