EOS Price Analysis: Blood Rush in EOS Price; Drops Till $6.1

The crypto market is drenched in blood today. All the altcoins are in the same situation as EOS right now is. The coin is currently trading at $6.3, and there seems to be no sign of recovery.

Yesterday, when the entire market was climbing, EOS was moving in a downward direction. The coin has tremendously fallen today and touched a low at $6.1. We cannot find any sign of recovery in the market as of today.

However, with the upcoming business venture of Block.One, the parent company of EOS, it is expected to draw huge profits.

Current Price Statistics of EOS:

The chart is taken from Trading View on 27^th June 2019, at 10:53:19 UTC for price analysis.

Summary of the statistics:

• The current trading price of EOS is at $6.37.
• The 24hr volume of EOS is $4,926,845,268.
• The Return on Investment is noted as 517.79%
• The market cap is around $5,867,152,504.
• EOS is at the 6th rank in the crypto market.
• The circulating supply of EOS is noted as 920,837,267 EOS.

Looking at the chart, EOS is reflecting heavy losses in the price. Today the coin opened at $6.6 and at 09:39 UTC the coin was trading at $6.14 marking a regression around 7.63%.

If we look at yesterday’s chart, the coin opened at $7.1 and closed at $6.6. The downfall was of 6.5%. During the day the coin took a major drop of 16.65%, and price slipped from $7.3 to $6.1.

EOS Price Prediction and Conclusion:

Price of EOS is currently suffering, but in the future, the coin will shine like the sun. The news believes that Block.One is planning for a buyback of its shares. The same indicates that is partners are pretty confident about EOS growth in future. The said action would take place within this year.

For now, the prediction for EOS would be too farfetched. We would request the investors to hold tight for some time.