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Author Topic: Is EOS dead?  (Read 592 times)
lenovop-70
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August 22, 2021, 07:00:32 AM
 #21

The name "eth killer" has made so many projects become dead today including EOS, I still remember when it was launched there were so many hypes about how it is better than Ethereum and all that, but today no one is talking about it, same thing happened with NEO  it was tagged "Asian Ethereum" but that name was short lived also, these name "eth killer" has killed so many projects cos it's obvious no one can kill Ethereum.

Well yes, i think we should aware with project named "Ethereum killer" beyond. I think that named has become frightening, in the sense of the name it made market sentiment rise sharply, and at the end, the team was not able to make investors' dreams come true, and as a result they simultaneously sold it because they thought it was no longer appropriate to hold their coin, then we could see the price fall and the project lost investors instantly and even though, the next dead project has begun.
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August 22, 2021, 07:43:14 AM
 #22

It's been a long time since I heard any good news about EOS but the project is still very much alive, it maintains good value and also good market volume so no danger in sight if you are a holder, while DeFI and NFT are taking over the space EOS doesn't even bother unlike some old altcoins that starts dragging themselves into DeFI and NFT for hype, another project that's as silent as EOS is NEO

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August 22, 2021, 09:51:19 AM
 #23

In terms of ranking on coinmarketcap, EOS has indeed gone down but in terms of price, it seems to be increasing compared to some time ago. This does not mean that EOS is said to be dead because EOS still holds large amounts of Bitcoin, so after all, EOS as a corporate entity is still quite liquid.

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August 22, 2021, 10:47:44 AM
 #24

As far as I can see, EOS is not dead anyway and I think the project still continues. But we do not know if they are preparing something related to the new trend because there is no important news from the project. But if the project can develop more and give something to the user, EOS can still survive for a long time and rise at the right time. With the last ATH at $22, it will not be easy to back to that price as the other coins will try to lift the price and more competition among the coins.



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August 22, 2021, 11:39:34 AM
 #25

EOS is already dead coin to me and long time ago i have rejected this coin as a dead for it's uncomfortable and non user-friendly wallet. Still i have few EOS in the wallet but i have deleted all my data with angry after many months try to make transaction using EOS wallet.
Once many crypto lovers thought EOS will be Ethereum killer but with the passage time, it is killed by itself. I think it's no longer popular that past. 
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August 22, 2021, 11:45:32 AM
 #26

Long ago I stopped following this project from an investment position. They may be offering something to their supporters, but there is a lot more investment now in DeFe's projects. If they can somehow offer something with him that is in trend, then they will be heard again.

They are not that good in terms of their service and right now the platform they are offering has lots of competitors and they cannot take an advance on their current development. So, more likely they're era is about to come to an end if they not gonna give something new to their investors who trusted them. they need to think of something new right away because right now, there are lots of changes and innovations that will gonna lead their project to demise if they don't move.
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August 22, 2021, 11:52:33 AM
 #27

EOS will be pump soon. Their marketcap is still huge. We will see EOS glory before Bitcoin reach ATH.

it seems you have high hopes for EOS, which now seems hopeless to grow but I'm sure there will be a time for EOS to develop again but it takes a lot of patience.

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August 22, 2021, 12:34:53 PM
 #28

To be frank, unlike other top coins which are once in a while showing little updates, EOS seems to be found wanting with nothing happening at all, and there goes the dream and anticipation of being an Ethereum Killer and it is funny that many projects which were once tagged Ethereum killer have been forgotten with nothing happening again nor anyone remembering their claims of beating Ethereum.
This is crypto, once a project stops being active with developments, it starts fading away from the minds and sight of investors and once that starts setting in, the project will gradually lose its value and then might be considered dead even with their good market cap; this is just the case of EOS. Most projects which were once hyped Bitcoin killer, faced same fate and now it is taking place on EOS.
Lastly, if the team are willing to revive the project, they need to go back and re-strategize, build an accommodating blockchain which will be attractive to the new crypto trend and projects will get involved in this way leading to more price value.

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August 22, 2021, 12:54:14 PM
 #29

Long ago I stopped following this project from an investment position. They may be offering something to their supporters, but there is a lot more investment now in DeFe's projects. If they can somehow offer something with him that is in trend, then they will be heard again.

They are not that good in terms of their service and right now the platform they are offering has lots of competitors and they cannot take an advance on their current development. So, more likely they're era is about to come to an end if they not gonna give something new to their investors who trusted them. they need to think of something new right away because right now, there are lots of changes and innovations that will gonna lead their project to demise if they don't move.
I don't know if they still have the care for their project as never heard any good updates and development on the project. It is something to think that they are almost to give up due to market competition as BSC keeps moving forward. They look promising before as what I can see on their platform but these days, they are slowly getting out from the race and I'm afraid they are totally just gone in the future.

For now, it was to see that they are losing the market potentials, many investors are leaving while looking for another competitive platform that can rely on for long-term investment.
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August 22, 2021, 01:38:31 PM
 #30

EOS will be pump soon. Their marketcap is still huge. We will see EOS glory before Bitcoin reach ATH.

it seems you have high hopes for EOS, which now seems hopeless to grow but I'm sure there will be a time for EOS to develop again but it takes a lot of patience.

First, I looked at the trading volume and it has over $1 billion trading volume a day, so it's not dead.

It's not profitable now unlike other coins but I would not say it's cheap at the moment as for a coin that is almost 1 billion in supply to value at over $5, I think it's still high, so I will not try to accumulate. I will watch this coin though, and just wait for the right timing to accumulate.

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August 22, 2021, 03:04:38 PM
 #31

EOS is not dead, only the hype is not as great as new coins, for the exchange is still quite high the trading volume of EOS alone is more than $1 Billion a day, only the development team may not be very active in updating the community. maybe too focused on development . we can only see the future

To some who have lot of EOS and had been staking it which generates income, it's not dead. But given that it's been around for years yet the price sticks to its low time high, I doubt there will be more that will come to invest in it. The small community supporting it will gain but it's less welcoming new investors.

Like any POS token, staking EOS is profitable when you also own a lot and early investors are also the ones who have many of it that see EOS not dead.

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August 23, 2021, 05:59:16 AM
 #32

EOS will be pump soon. Their marketcap is still huge. We will see EOS glory before Bitcoin reach ATH.

it seems you have high hopes for EOS, which now seems hopeless to grow but I'm sure there will be a time for EOS to develop again but it takes a lot of patience.

First, I looked at the trading volume and it has over $1 billion trading volume a day, so it's not dead.

It's not profitable now unlike other coins but I would not say it's cheap at the moment as for a coin that is almost 1 billion in supply to value at over $5, I think it's still high, so I will not try to accumulate. I will watch this coin though, and just wait for the right timing to accumulate.

you if you want to pile it up you have to hone patience, because this old coin will reign to the moon, you must have a strong capital if you see the price at $ 5 then you save it for the future not in the fast

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August 23, 2021, 08:12:15 AM
 #33

ETH killer my foot, many altcoins have faded away in time while trying to be the next Ethereum instead if chasing something new themselves, EOS have it's flaws and also advantages but it's not a scam atleast, unlike many altcoins out there, also we don't know what the future will bring yet, Dogecoin was abandoned for years and now development is back

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August 23, 2021, 09:10:08 AM
 #34

No EOS its not dead, Bullish.com will developed by block.one and could be one of the biggest exchange in the future, also with EOS PowerUp you able to interact with the Network with very small fee.
In the short term, they have EdenOS which already developed and could be one of the greatest decentralized government model.

block.one and EOS is not the same
I am using Upland on EOS, and it is interesting that there is no other games on EOS blockchain, but it is probably due to the fact that you cannot open account for free on EOS, you need to use some centralized services and pay fee to open an account and that is a big step for newcomers to overcome, especially since that payment shall be done with crypto
that is probably main obstacle for EOS to on-board new users, Upland opens account for you, but that is not permission-less or decentralized anymore
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August 23, 2021, 10:40:53 AM
 #35

EOS could have been the ETH killer, assuming they maintained the same spead and ambition which they started with, their dream could have been achieved long time ago. But they allowed the launch of Bsc ( Binance Smart Chain) to silent their own blockchain which I believe has been the reason why the coin has been on this state which it is, no much going forward because their is no new update and potential to back it up and bring in more serious investors, which will trigger marketing management and strategy.

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August 23, 2021, 11:12:43 AM
 #36

EOS could have been the ETH killer, assuming they maintained the same spead and ambition which they started with, their dream could have been achieved long time ago. But they allowed the launch of Bsc ( Binance Smart Chain) to silent their own blockchain which I believe has been the reason why the coin has been on this state which it is, no much going forward because their is no new update and potential to back it up and bring in more serious investors, which will trigger marketing management and strategy.
As this new BSC platform gaining strong momentum, investors are leaving EOS, even in Ethereum. But the most affected one is EOS.
I was expecting for them to bounce back after the launch of BSC but to hear nothing, no update yet. As of these days, EOS still on the top altcoins but it feels that sooner or later it get a move to the lower position. If they never find a way to anticipate such a situation, I'm not sure how this project could able to survive.

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August 23, 2021, 11:30:03 AM
 #37

EOS could have been the ETH killer, assuming they maintained the same spead and ambition which they started with, their dream could have been achieved long time ago. But they allowed the launch of Bsc ( Binance Smart Chain) to silent their own blockchain which I believe has been the reason why the coin has been on this state which it is, no much going forward because their is no new update and potential to back it up and bring in more serious investors, which will trigger marketing management and strategy.
As this new BSC platform gaining strong momentum, investors are leaving EOS, even in Ethereum. But the most affected one is EOS.
I was expecting for them to bounce back after the launch of BSC but to hear nothing, no update yet. As of these days, EOS still on the top altcoins but it feels that sooner or later it get a move to the lower position. If they never find a way to anticipate such a situation, I'm not sure how this project could able to survive.

It's very difficult for EOS to compete with ETH and BSC, but that doesn't mean EOS will die. Because I think EOS is still a potential altcoins, even still
in the top 30. This means that the demand for EOS is quite high, what EOS needs is an update that can attract investors attention. But indeed until
now there has been no update from EOS, if there is no significant development from EOS,  the popularity of EOS will continue to decline and it is
not impossible that it will fall to a lower position. I have not been interested in investing in EOS right now, because there are still many better altcoins
than EOS.

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masterrex
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August 23, 2021, 12:38:37 PM
 #38

IMO, I think EOS is not dead it was still alive and competing in the market, EOS currently traded at $5.62 with a 24hour trading volume of $147million, and base on that data it's far from dead yet, I believe the reason why EOS was very silent nowadays because it was not mentioned anymore in the news, no latest press released, and even no big marketing events to attract attention that's why EOS was dead silent.    
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August 23, 2021, 01:52:21 PM
 #39

It's not dead yet. It might live again but for now it seems like it's really dying. Price is low, no one talks about it and ownr wallet which i use stopped to support it.
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August 23, 2021, 05:59:41 PM
 #40

WAX is a fork of EOS and is the most popular blockchain for NFTs. The technology behind EOS is good. One of the problems with EOS was the high cost of RAM made it really expensive for developers to launch a dapp. It was also incredibly centralized and we saw arbitrators reverse confirmed transactions. For something like NFTs an EOS-based chain is fine but for other use cases it is important to have decentralization.

EOS' underlying technology is a "work of art". But the project itself has a lot to catch up on before it'll be able to compete with big players on the market. I think what's missing is a proper marketing/promotion strategy from the project's team. By increasing awareness of the smart contract platform, people will buy the cryptocurrency in mass (effectively increasing price and demand). Development progress is going well, albeit at a slow and steady pace.

Based on past events, we could say that EOS is centralized. Block Producers used to freeze transactions on the EOS blockchain some time ago. The team really needs to work on improving the network's decentralization, if they want the project to stand the test of time. Who knows how far EOS would've gone by now if decentralization was prioritized in the first place? The community is still keeping the network alive, so it's unlikely EOS will stop trading at the market anytime soon. Until better dApps emerge on the platform, I'd suggest anyone to look elsewhere. Just my thoughts Grin

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