EOS now has to prove it can survive the temporary downturn in altcoin prices.
1 hr ago
The HuobiPro exchange also announced it would campaign to become a block producer. So far, there is little transparency on how much EOS needs to be held to become a block producer.
But while the rather obscure block producer issues are being discussed, the speculative trading for EOS, and the scarcity of daily auctions, may just keep adding to the hype. This may turn EOS into a highly attractive, but also risky asset, especially for newcomers.
Still, the unrelenting climb of EOS has baffled many, ever since EOS suddenly doubled from $0.50 to $1 and continued to climb in the fall of 2017. The EOS wallet has been extremely active, and some price manipulation may be possible for the EOS auction price. However, the speculative USDT trading is not to be underestimated.