EOS Market Update: Preserved Gains Amid Challenges

South Korean Crypto Regulations: Reasons to be Optimistic

At least for now, EOS is one of the rare coins that have preserved some of the gains after the most recent downward shift in the market. Now, EOS has stalled below $13, seeking direction.

EOS has its unique set of price pressures, as the daily auctions are still continuing. The tentative daily price has risen from an average of $0.30 toward $2, underlining a heightened interest. However, EOS is still seeing some trouble with US-based investors, who are uncertain what would happen once EOS migrates from its status as an Ethereum token, and into its native blockchain after a snapshot later this year.

In the shorter term, EOS has slowly started sinking with the rest of the market. The past month has been choppy for this asset, with record peaks followed by sharp drops.

Why is EOS Rising?

EOS underwent what looked like a pump, but went on to grow way above $10. Now, on January 31, EOS is launching its Dawn 3.0 decentralized operating system. The main net and the native blockchain are expected in June.

Meanwhile, EOS trading pairs have launched on BitHumb at the end of last year. For now, it is uncertain how Korean trading would help international investors, due to stricter regulations. But more than 70% of EOS trading now happens on BitHumb.

EOS auctions are still closed for US-based investors, due to concerns about sale of unregistered securities.

EOS Future Value

While in the short term the EOS value depends on exchange values, and Bitfinex sets the price for international investors, EOS will also have the potential to grow in value due to the decentralized ecosystem.

Airdrops of ICO tokens are just happening for EOS owners. This may attract new buyers and supporters, who would gain new digital assets for decentralized projects.

In the short term, EOS still has to regain its positions against BTC. But US-based investors may not be so interested in the token, due to the above-mentioned bans. At the same time, trading against the Korean Won rarely helps EOS to rise against BTC.

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