Last weekend’s positive price movement failed to sustain the momentum on Monday. The same scenario is played out today, signaling that the bears aren’t out yet.
With prices falling again, it’s a question of whether it presents a buying opportunity or a last chance to sell. Do you buy or sell EOS (EOS), Zilliqa (ZIL), OmiseGo (OMG) and Qtum (QTUM)?
EOS launched its Mainnet a few days ago. It was one of the most anticipated events of Q2. After the launch, EOS prices briefly rose to $15 on June 4, 2018. However, that wasn’t sustained and prices dropped to the current $13.11 against the USD.
There have been worries about the network and whether it would hold. Fears of multiple blockchains being created were also there, though that hasn’t happened. It’s still early to tell.
According to Turing Advisory Group co-founder Siddharth Kalla:
“The real test of whether one should be alarmed or not would come once the network is live and running. The human side of security, voting, economic incentives, etc, is much harder to test than bugs in the code during the testing phase.”
Do you buy or sell EOS? There’s so much expectation riding on EOSIO that it appears at the current price, the project is undervalued. It’s a risk you take, sell and potentially get out before a crash and vice versa. I’d say, for now, hold.
Zilliqa (ZIL) was hyped as the ultimate Ethereum killer with its built-in sharding protocol that makes it have infinite scalability and massive throughputs. Though it’s still new and hasn’t made many inroads in the market, the expectation is that its value will definitely rise with time.
The coin is also yet to launch its mainnet, a factor that could work for it in terms of price increase. Being a blockchain 3.0 platform, Zilliqa has the potential to compete with the likes of NEO, EOS, and Ethereum. However, its smart contract language Scilla is likely to make it the preferred dApps platform.
Zilliqa is making progress by getting into partnerships and working on pilot projects with major companies. There’s also the $5m fund for companies and developers will also attract more users.
Do you buy or sell ZIL? Currently, the token trades at $0.117, +16.38% higher over the last 7 days. ZIL presents an opportunity to invest in one of the most promising platforms.
OmiseGo is another of the projects that came onto the scene with a bang but failed to consolidate the hype. Now after having concentrated on developmental aspects of the platform, the team hopes to push for the top once more.
OmiseGo is yet to go Live. The expectation is that the launch of Plasma will enable it to deliver as a decentralized exchange, clearinghouse messaging network, liquidity provider mechanism, and as a digital asset gateway.
The coin has secured a number of exciting partnerships and will be going through a “hard spoon” alongside Cosmos to create a new currency. It’s also getting listed on various exchanges.
All these factors could work in favor of OMG and see its value rise in coming days. Does it provide a buy or sell opportunity?
OMG tokens trade at $10.76 against the USD. It’s +10.92% over the last 7 days. The coin could be a good buy for long-term investors.
Qtum (QTUM) is one of the most talked about projects for its unique architecture. It’s been one of those dApps platforms seen as being able to provide a platform able to scale better than Ethereum. In addition, it’s secure and highly cost-effective. This is especially after the team launched the x86 Virtual Machine.
Qtum’s lack of market presence was due to its team’s decision to scale back on marketing. They focused on developing the platform. Users can easily develop decentralized applications in numerous languages like Java, C++, C, and Rust.
What Qtum lacked was a marketing strategy. But all that has changed and the team has decided to go all out on marketing the coin.
Does Qtum provide a buy or sell opportunity?
Qtum is currently trading at $13.37 against the USD. There’s a lot going on to suggest the coin can reach its all-time high of $100. It’s a definite buy opportunity.