EOS is one of the most promising blockchain white paper. It has a strong team and Dan Larimer is a serial entrepreneur in crypto space. Recently it has gain a lot of attention in press and team is moving faster than original roadmap. Dawn 2.0 was pulled in recently and it gave a huge boost to EOS token. At above $3.40, it is $1.7B in market cap.
Thing to remember
EOS token distribution is half way through. We have almost 500 million more tokens to be distributed and that means to maintain this price, another $1.5B has to be invested into EOS even before native tokens are available to investors.
While EOS is promising, it is still an early stage. Team has to deliver on its promises and partners have to show confidence on the technology. There are a lot of competitors in this space who are gaining attention and it is not going to be easy in 2018. It is already sitting at a unicorn valuation and how much more it can run up from here is anyone's guess. Of course, the crypto space is in bubble and a lot of money is flowing in that is keeping all altcoins upbeat.
Overall, I want to say that one should be careful when investing in a single crypto asset and remember that market is volatile. I see a euphoria building around EOS which is not completely baseless but one should not get ahead of oneself.
