Daily Crypto Talk 4: Let's look beyond EOS to the rest of the market. Crazy Growth!
If you have ever read my articles you know that I am EOS follower. In fact, I love EOS and what it will bring to the technology world. Dan Larimer is a genius and EOS is just his next great invention. It's currently at a price of $3.29(USD) and is steadily growing. I could talk about EOS all day, but it only makes up 1.6 billion of the ever increasing $330 billion crypto market cap.
Of course everyone knows bitcoin and ethereum. They are the the ones that have been around forever and will be around for a long time. Bitcoin is referred to as Digital Gold and it really is. I was watching a CNBC video today that had billionaire Mike Novogratz on the show to discuss the crypto market. He was one of those that invested in bitcoin early and was one of the few that said it would reach $10000. They asked him about the so called crypto "bubble" and he pretty much said that it's a bubble, but its so big that we shouldn't consider it a bubble. It's more of a movement. The technology that is being created on the blockchain is unprecedented. He also mentions that 60-70 percent of the money being invested into the market is outside of the US. There is still a lot of room for the market to grow.
Throughout the whole segment with Mike he mentions 4 crypto currencies. Only 4 of the 1300+ that are available. He mentions Bitcoin(of course), Ethereum(of course x2), Bitcoin Cash, and EOS. This is a man that ran one of the largest hedge funds in the world and is currently creating a crypto currency hedge fund worth half a billion dollars and he mentions EOS as a big name crypto currency. EOS is the future and you better get on board before you miss the opportunity of a lifetime. Don't take my word for it. Take Mike Novogratz word for it.
Good News to Come:
On December 4th, EOS releases Dawn 2.0, which inches developers ever closer to those promised millions of transactions per second.
On December 10th, CME Group will start offering Bitcoin futures and that will be huge for the market as a whole.
Conclusion:
The market is in a great place right now
I expect this growth to continue well into the near future and I'm very excited for all the great technology that is being developed.
Thanks! and happy profits!