EOS scores first position in crypto rankings, price outbreak while founder confirms big announcement on the way
- By Pierre-Alexandre
March 27th, 2019
EOS, the fifth largest cryptocurrency by market cap has been chosen as the leading public blockchain by the Chinese government yet again. The cryptocurrency has also received a perfect grading from Weiss Ratings, but there are some in the crypto community who still don’t value the strides by EOS over the past year.
What is EOS?
You guys remember EOS?— Steven Zheng (@Dogetoshi) March 25, 2019
EOS like Ethereum and Tron is a blockchain-based decentralized network that allows users to develop, host, and execute decentralized applications (dApps) at a commercial level on its platform.
Despite its mainnet in May 2018, the official form of EOS is yet to be achieved, and Block.One, the company behind it are however yet to define the blockchain fully. The network currently supports important functionalities that allow businesses and developers to create dApps similar to how web-based apps are developed. It provides excellent features to developers such as providing them with secure access and authentication, data hosting, permissioning, communication between the decentralized apps and the internet, and usage management.
EOS still ranks first in CCID rankings
We don't pay attention to ratings much but @CoinMarketCap, #CCID, and @WeissRatings have all placed #EOS at #1, and @Bancor, @loomnetwork, and @wanchain_org are all building or have built integrations with EOS. If you're ignoring EOS, ask yourself, "What am I missing?". #uxisking pic.twitter.com/nej29TZiYb— EOS New York (@eosnewyork) March 26, 2019
The Chinese government released its cryptocurrency rankings a few days ago, and EOS again came out on top. The Center for Information and Industry Development (CCID) in China made public its rankings on March 22, making it the eleventh time the agency publishes its cryptocurrency report.
EOS has been top of the list over the past few months and has now retained its top position. This latest development comes despite Brendan Blumer, the CEO of EOS revealing that it would take time before they fully develop the network.
EOS is facing fierce competition from Tron and Ethereum, which occupy the second and third place respectively. Tron has rolled out several developments over the past few months and is expected to carry out more before the end of the year. Despite the scalability issues affecting Ethereum, it is still one of the most valuable public blockchain currently available, and once it solves it scalability issues, it would provide even stricter competition for Ethereum and Tron.
The ranking by the CCID covered 35 cryptocurrencies, with Bitcoin occupying the 15th spot on the list. Other cryptocurrencies mentioned include NEO, Steem, Stratis, Waves, Ontology, IOTA, Bitcoin Cash, Ripple, and a few others.
The latest rankings don’t come as a surprise to many as a recent report by Diar revealed that amongst the PoS cryptocurrencies, EOS has the most value staked at the moment. The cryptocurrency has 1.8 billion staked, which represents 47 percent of the total stake funds of $4 billion.
#EOS is growing really fast in the last 9 months. However, the last few weeks, in particular, the innovations around it are exploding!— Infinite X Labs (@InfiniteXLabsHQ) March 26, 2019
There is a reason why the most innovative people and companies are in the EOS community 🚀🚀🚀 pic.twitter.com/f7BYuFBWim
Weiss Rating grades EOS, Bitcoin, and XRP as top cryptos
EOS has also been recognized as one of the leading cryptocurrencies by Weiss Crypto Ratings. The company published its report called “Dark Shadows with a Bright Future” on emerging trends in the cryptocurrency sector on Tuesday, March 26.
The report focused on 120 digital currencies, with Weiss assigning letter grades to them to showcase cryptos that have performed excellently in terms of their technology and adoption. EOS, XRP, and BTC all received an A grade from the rating company, with Weiss of the view that Ripple is currently the best positioned to compete with SWIFT on a global scale.
Weiss recognized that EOS is currently giving Ethereum a fierce competition in the crypto space as the two continue to strive towards becoming the backbone of the new internet and the primary destination for dApp developers and smart contracts.
Bitcoin meanwhile received its grade for the implementation of the Lightning Network and its continued popularity as the primary store of value for both traders and crypto investors. EOS, BTC, and XRP are followed by Ethereum which is rated an A- and Cardano with a B+, with their smart contract capabilities earning them those high rankings.
In the report, Weiss also covered the risk and reward factors for most of the cryptocurrencies and found out that the digital currencies have not performed excellently in this area. According to the report, only four cryptos are currently graded as B-. EOS is one of those cryptocurrencies, and it is joined by BTC, XRP, and BNB. This implies that none of the cryptocurrencies have recorded excellent efforts in terms of risk and reward factors.
EOS not gaining enough exposure despite some amazing features
Very interesting tweetstorm (18 tweets) by Myles Snider :
This tweet and the responses make it clear that EOS projects don't get a lot of exposure among the mainstream crypto crowd.— Myles Snider (@myles_snider) March 26, 2019
So here's a short list of some of the coolest stuff happening in EOS world: https://t.co/kM0YM60GsW
EOS had consistently been one of the best performing cryptocurrencies since its mainnet launch in May 2018, and the rankings by both the CCID and Weiss Ratings indicate that. However, EOS doesn’t get a lot of exposure amongst the mainstream crypto enthusiast.
EOS has some amazing contents, including the Chintai EOS, a token-leasing platform. The cryptocurrency has a pro-rata claims on the blockchain resources which can be leased out to others. EOS is expected to add other types of leasing before the end of the year. Another dApp on the network that has gotten a lot of traction is EOSKnights. This game is built on top of the EOS network and has in-built item ownership that can be transferred via the blockchain. At the moment, EOSKnights has more revenue per user daily compared to most mobile games get per user per month.
The EOSFINEXPROJECT by Bitfinex will be the non-custodial, fully on-chain exchange to be developed on the EOS network. The decentralized exchange by Bitfinex is expected to go live in a few days. Everipedia is another cool project currently under development on EOS. This is a decentralized, tokenized, and community controlled platform that aims to provide competition to Wikipedia. The platform is expected to launch this year and will support some additional dApps.
for those who don’t know the difference between $EOS & #EOSIO, here’s a picture via https://t.co/cibZgyALel— ~C4Chaos (@c4chaos) March 27, 2019
EOS: Top #1 most active blockchain
EOSIO: open source codebase used by $TLOS & $WAX
Bonus: $STEEM & $BTS; other two most active blockchains created by @bytemaster7. pic.twitter.com/pEhnXFjTp2
EOS gearing up for the most significant announcement since its creation
Dan Larimer, the founder of EOS, has recently hinted that some big things are coming up and the community should get ready for their biggest announcement since the cryptocurrency was created.
There have been no major announcements from Block.One since the launch of the EOSIO version 1.6 earlier this year but all that is about to change with the upcoming revelations. During an interaction with the EOS community on Telegram, Larimer pointed out that they should expect some big news by June. Questions followed afterward, but Larimer didn’t reveal any details regarding the upcoming announcement. Larimer maintained that the June announcement would have a massive impact on the EOS ecosystem.
Our platform has tracked some recent great calls on Crypto twitter:
#btc #bitcoin— Eric Choe [Mr. Swing Trade] (@CryptoChoe) March 26, 2019
i/ if #btc can hold this support, this is a good opportunity in my opinion to take some long positions on alts #buyingthedip
ii/ might be worth taking the small risk for high reward setup
iii/ potentially, i'm looking at EOS + ADA + BCH pic.twitter.com/sxOjW2s1Us
$EOS— TheWolfOfAllStreets (@GerardWalker5) March 21, 2019
funny thing is way back in the 2017 bull run i would tell myself to wait 4 the bullfag to form before entering a particular coin seems that the same thing applies 2 this 2019 Bull run, #EOS here consolidating in a gorgeous bullflag b4 continuing upwards
$100 soon don't @ me pic.twitter.com/3qxe6zUzrg
Our cryptocurrency data analytics platform has detected that the "buzz" activity (crowd interest) in March for EOS has been on an upward trend.