EOS is useless hype scam, just like another Ripple
EOS is also mainly hype as you probably already know that!
with its huge supply and the unbelievable premine that it had, you shouldn't really be expecting very high prices out of it but at the same time the ridiculously huge supply of it has been helping this coin to gain a fake but high market cap like coins such as ETH and gain a higher rank which is also contributing to its hype and the pump that it is having.
will it recover the market?
why should it? it is just another altcoin that is currently getting pumped thanks to all the hype! the whole market is in a huge bubble that needs to burst for a long time before it reaches bottom and starts recovering.
I strongly suggest you both read into the problem EOS solves. I honestly haven't been so hyped about a coin since Bitcoin. Basically, it eliminates all the issues with blockchain currently since your staked EOS will allocate you a guaranteed % of the blockchain CPU. For instance, say you own 0.0001% of the EOS token supply. You will always be allocated that amount of computational power which by itself will always be enough to process at least one transaction a minute. How is that idea not revolutionary, game changing, and a solution to all the issues currently plaguing blockchain?