As if being the world’s best social trading platform is not enough, eToro recently added EOS to its portfolio of supported digital currencies, which currently stands at eleven. This move is expected to attract new customers, while empowering the existing clients to maximize their returns.
EOS is a self-proclaimed quintessence of decentralization, with its primary objective being to advocate for and facilitate the mass adoption of distributed ledger technology. The altcoin is viewed by experts as the main threat to Ethereum due to the enormous number of decentralized apps it supports. Furthermore, it has a sound financial backing worth over $1 billion, and levies zero fees on transactions over its network.
According to Multicoin Capital, a virtual currency hedge fund, EOS’s value is expected to rise in the near future. The imminent value rise is as a result of the distinctive business model adopted by EOS, an aspect that set ups it perfectly for success. For instance, the eagerly-awaited mainnet inauguration will most likely increase the demand for EOS in the market.
Additionally, the implementation of cutting-edge technology also gives EOS the upper hand over its competitors. Development as well as deployment of DApps is made substantially simpler by the use of C++. Moreover, EOS leverages a unique delegate proof-of-stake protocol, a feature that significantly enhances both the speed and the scalability of the blockchain. As per expert projections, the value of EOS is expected to exceed $100 within the next decade.
Advantages To Investors
Before the advent of digital currencies, investors had to deal with prevalent cases of fraud and inaccessibility. However, cryptocurrencies changed this narrative, bringing in decentralization and eliminating fraud. Furthermore, the rapid appreciation in the value of virtual currencies makes them an interesting way of investment.
eToro Compared To Its Alternatives
To become number one is no mean feat; it means that you are different, brilliantly different. eToro has a number of standout features that make it the leading social trading platform in the world. These are:
- Instantaneous execution of transactions – in addition to saving time, it enables traders to lock in a specific price.
- Unlimited daily withdrawal limits
- Reputation – eToro is a trusted institution, an aspect that gives traders confidence in the company.
Since its inception, eToro has contributed to the development of several prominent fintech solutions for corporate clients. Their elite trading tools equip traders with useful info that can contribute to making sound investment decisions. Essentially, eToro utilizes cutting-edge technological infrastructure to bridge the economic bank created by traditional financial institutions.