EOS is in news for Dawn 2.0 and getting new partners on board. The price has gone up from $0.50 to $4.50 in a month or so.
But we need to remember that it was a very bizzare ICO. They are releasing 2 million coins every day till June 2018. Currently there are 450 million coins or so outstanding in primary market. At current market price in secondary market, that would translate to $1.8B worth of Ethereum to be invested in EOS.
Now people are talking about EOS going to the moon. I completely agree but I think the price in secondary market has got ahead of itself. It can not sustain this level in primary market. It would mean almost all Ethereum supply has to go into EOS. The only possible way it can sustain this price and go up from here if Ethereum also moves up towards $1000 and thus justifying overall gains.
If you believe in the technology, be patient and accumulate on every correction. Be ready to ride the roller coaster. Think about how it will go up once the supply from primary market dries up. So, middle of next year (June 2018) is the timeline when we should all look forward to while we let the team develop some cool partnerships in the meantime.
