In 2017, EOS was touted to rival ETH in the future, but what happened...
In 2017, EOS exploded in popularity with the concept of "rivaling ETH," raising $4 billion in its ICO. The lofty claims of "millions of TPS" and "free transactions" all fell flat—after launch, hackers stole private keys, block production was paralyzed, and performance was subpar.
The price dropped from $22.89 to over 90% less now, market cap fell out of the top 100, and what was once a "king-level" public chain is nearing zero. In short: big claims, poor execution, the speculative bubble burst, and investors got severely burned.
Have you been burned?