EOS/USD Price Analysis: EOS Coin Pullback is Expected to Continue

EOS price experienced a steep price drop in the chart on 3rd June 2019. The downfall in EOS coin price is considered as pullback, and the same is assumed to continue for the next few days.

On 1st June 2019, EOS parent company Block.One announced that it would develop Voice on EOS blockchain. The said news didn’t seem to perform well, and the price of the token experienced a drop.

Yesterday, after touching the high of $7.77, the currency closed at $6.80, and today it opened with the same trend. However, price pullback also allows investors to purchase and hoard.

Let’s have a look at the EOS chart.

EOS Coin Current Statistics:

The EOS chart as on 4th June 2019 at 02:56 UTC for price analysis from TradingView.

EOS Coin Price Comparison:

The YTD chart is reflecting steady growth in the currency. The coin was trading at $2.7 at the beginning of the year, and now the current price is $6.73. The EOS price has almost tripled itself. For a more precise picture, let’s compare the price of EOS with its last month’s price. On 4th May the price was marked around $5.1, which has moved ahead in the chart by 31.82% and reached $6.723.

Although the price of EOS is currently dropping, in the long run, it would be a fruitful investment.

EOS Price Prediction and Conclusion:

EOS and other currencies are widely affected by the price of Bitcoin and are mostly subject to market volatility. Talking about the coming months’ price prediction, the price of EOS token is going to remain somewhat dull for the rest of 2019. Bitcoin embarked the Bull Run in the previous month and so did EOS, the current plunge in the 24 hours have been a lapse of the prices it held. Also, if EOS is following the footsteps of the forerunner, it will soon have an influential momentum that Bitcoin Price will offer for the days to come.

Investors are recommended to hold tight. The best option in investing in cryptocurrency is to diverge the investment to cut short the risk.