What is happening with EOS?

[glennmatthew]

Guys, what is wrong with EOS?

It has lost almost 50% of its value within just a few weeks. Is there something bad going on with it that I don't know about?

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[1714047167]

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[Pecunia non olet]

Nothing, still EOS is pretty overvalued. ATH price was 20USD, now it is traded for 5USD. My buy zone is around 3USD. 
Look at other altcoins they are 10 times cheaper.

[target]

Well it looks like they are drowning all these altcoins, users expect the altcoins to have a bullrun of its own so the whales are giving them the chance to take them all and  have a bullrun of their own. EOS is a good coin but we can't just can't expect its price to spike when BTC is just jumping back and forth on certain range.

[VanDeinsberg12]

Guys, what is wrong with EOS?

It has lost almost 50% of its value within just a few weeks. Is there something bad going on with it that I don't know about?

The demand of EOS gets drowned by binance, EOS was trying to create a similar system like ethereum but it used the worst implementation of DPOS that can be called as the true centralized DPOS blokchain. People are moving toward binance which offer a better future than EOS.
This platform will go to the earth and it's overrated platform.

[coinriches]

I was asked to submit an EOS wallet address for receiving the bounty payment from a project whose token is on the eos chain. I did a Google search for any site that offers a web wallet, and........ Man..... Come and see difficulties!
I had to wonder aloud what nutty pearhead invented that chain! Whoever he was never intended eos to be use by normal everyday people.

[BeginToMine]

I seriously don't know, EOS blockchain is probably one of the busiest blockchain considering all the D'Apps that is built.on it but I am shocked at the recent drop in the token price, just when I bagged a lot of it.