EOS is humming again - enough of a signal to send the altcoin market higher. "Indicators", as traders say, come and go. The 30-year bond for decades was the only game in town. Political strategist James Carville once quipped that if reincarnated he'd like to come back as a ".400 hitter or the bond market" because of both's legendary status. He might have said Joe DiMaggio and the 30-year bond because it would have meant the same thing. Times change. There are no more .400 hitters (hence the classic "Where have you gone Joe DiMaggio, a nation turns its lonely eyes on you....") and the 30-year bond is now a backwater - a forgotten financial instrument that's hung on too long.
BitCoin ain't dead. And it won't die anytime soon. But it's iron grip on the entire altcoin universe may be fading. EOS is clearly the Top Dog as 2Q18 is now in full swing. If I were to look for a market indicator, EOS is now my #1 Go-To. At least I'll try it out for the job. I'm not going to ignore BitCoin, but I'm not going to pretend it's driving every tick like it had been for months, if not longer. As new players emerge to challenge the Crypto King BTC and the crypto product mix grows to include more ETFs, futures and options, this already bountiful market will become a trader's paradise.
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