EOS token dropping speed not reduced:
Eos token proved that it was a bubble in cryptocurrency market. the price of eos not Stabling.it dropped 5.40 $ to 2.30$ still going down.
manipulation:
The major function of the EOS token is clearly to accumulate large quantities of ETH for the EOS owners.
few days ago i posted in steemit:
7 days chart.
in past 6 day eos price dropped 5.40$ to 2.30$
today's eos chart shows price dropped 12.75 %
Great post you r doing awesome work
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There are very few ICOs that will immediately become huge hits. EOS is no exception. Once there is sufficient volume available the price will obviously drop based upon supply and demand. This whole discussion on the Veritaseum ICO and its huge rise is based on single market control (Etherdelta) of a low number of tokens and massive speculation on a token that hasn't proven itself yet.
The only ICOs that really will pay off are ones where 1) the valuation per coin is either very low or 2) there are an extremely low number of coins that will be snapped up and held religiously. Barring these two events, you are better off waiting until the coins are made public. These two scenarios can happen in some unique ways as well. There can be bonus coins or major price discounts offered in the ICO or in a pre-ICO.
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With an Platform/Asset/ICO like EOS, its just not speculation thats driving the market up/down. EOS has a lot to back itself with. It delivers solutions to known issues that exist with alike platforms (ETH/BTC). These solutions not only remove certain known barriers, but also provides new opportunities to decentralise ecosystems that wasnt possible due to limitations. For example, a blockchain solution to decentralise central applications like 'UBER' wasnt possible because of the amount of transactions.. EOS has taken a giant leap and wiped off such limitations. There are other factors like - cheaper and more economical since there isnt a GAS feature unlike that of our friend Ethereum. An end note - Buy and HOLD, you will thank me ;)
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