Short or hold EOS? Will there be a sell-off or a moonshot after the mainnet launch dust settles?
EOS mainnet will launch eventually and this article is not about that, it is about what to do with your EOS tokens investment-wise: short or hold?
EOS has been all talk (and ICO) until now but the real show begins now. Let’s see how their blockchain works and let’s see how the market reacts to it.
Reasons to short EOS now:
Most of similar cases end up in the “sell the news” basket and why would EOS be any different? So a short answer for this case would be short it, wait for the dip and buy more at lower price.
But, EOS is different. It has generated the hype that is second to none, has strong figures behind it (Dan L.) and has a huge hill of promises it wants to bring to the crypto table. And here enters the biggest cause for the sell or hold EOS dilemma: what if EOS is the new Ethereum? What if it reaches $500 by the end of the year?
This wouldn’t be something we haven’t seen before. After all, ETH itself was trading at only $13.53 on Feb 26th last year. And we all saw it rise above $1000. Therefore it’s not out of the question that it could be done again.
Anyone who sells now would look like a fool – that is what.
List of reasons to hold EOS is longer:
Currently there is very strong support for EOS even though the chain is only about to go live. There is still a long way to go before EOS turns into the network that it promises to be. That said, baring an extremely unlikely catastrophic failure somewhere in the code, there is only good news to come. Shorts are taking a HUGE risk.
A lot of EOS tokens will be locked up, either for bandwidth or voting. EOS has done a better job than any other crypto in terms of offering incentive to stake. EOS will offer far superior incentives via airdrops, bandwidth for developers, and voting power.
Once EOS community votes in the block producers and everyone has their funds secure on the MainNet, and Dapps begin to build and launch on EOS blockchain this will gain a ton of traction. Transactions per second will be analyzed and the real world viability could be realized. Getting in front of this and risk unlimited losses is illogical, if you see it this way
Although predictions like this are like throwing darts, you never know if it will end up a hit or a miss, EOS seems to be building pressure and the mainstream media are starting to look at this direction. Given the possible listing on Coinbase and strength and resilience that we have witnessed with the EOS community, along with a”bug-free” chain launch is a reason enough to believe in this project.
