EOS Blockchain dApps Continue to Grow as Projects Shift from Ethereum Network
EOS Continues To Attract New Dapps, Even Those Previously On The Ethereum Network
The EOS never looked so attractive before. While 2017 was the year of Ethereum and Bitcoin, the EOS platform is definitely carving its way to become one of the major tokens in the crypto market in 2018.
At mid-March 2018, the price of the token was hovering around $5 USD per unit and it was valued at only $4.34 USD before it started a bull run because the Mainnet of the company would be launched soon, which was scheduled to happen on June 2.
The prices of EOS have peaked at $21.56 USD on April 29, but declined to about $10 USD again just before the launch of the mainnet, spiking again to almost $15 USD on the eve of the event. Unfortunately, the general bear market caused by many frustrations in the crypto market has been affecting the price of EOS too.
However, the price is not everything and, underneath all the bad news involving ETFs being rejected, scams and lawsuits or even Stellar being listed on Coinbase, EOS is steadily becoming an interesting investment. Why? Because dapps (decentralized applications) are coming to the platform.
Even platforms that were initially made on top of the Ethereum blockchain are now migrating to the EOS platform as it looks like Ethereum is facing severe scalability and speed issues and the price of the token is quickly declining.
— MEET.ONE (@MeetDotOne) August 13, 2018
A prominent tweet user called @MeetDotOne has recently tweeted about the EOS platform. The tweet lists over 100 companies that already have decentralized apps listed on the EOS platform.
On the tweet, the dapps are categorized this way: Wallets, Gaming, Exchanges, Development Services, Education, Airdrops, Media, Charity, Recruitment, Social Networks, Data Services, Healthcare, Music, Sidechain, Copyright, Security, Service,Consumption and Fintech.
EOS Ranks First On Chinese Government Blockchain Ranking
Not only a lot of companies are adopting EOS and some even migrating from the Ethereum blockchain, the Chinese government, via the China Electronic Information Industry Development, has ranked the EOS as the best blockchain platform in three categories: Technology, Applicability and Innovation.
If you consider that the Chinese government seems to trust this platform and that some companies are even leaving the Ethereum blockchain for the EOS platform, you can be tempted to believe that the current price of the EOS tokens is too low. When you consider the Bitcoin ETF aftershock and how it impacted the price, you can be quite sure that the price is low because of the market.
Because of this, there is no better time to buy EOS. This blockchain has a serious future of itself and a lot of potential, so you can expect a huge profit from buying the tokens when their price is low.