EOS price is below the 12-day exponential moving average (EMA), as well as below the 26-day EMA, which is an indication the bearish market trend could continue. However, there are some good news in the EOS' ecosystem. A blockchain startup Havven, which offers cross-blockchain payments, is going to bring its stable coin, i.e., a cryptocurrency tied to a stable asset, to the EOS network. The startup aims to issue USD on the Ethereum as well as EOS network, thus enabling cross blockchain payments. The stable coin will adjust its supply according to market shifts, so as to maintain the price of a fiat currency.
How do you think? Will the bearish trend continue for much longer?
I do believe so up until the end of 2018. This is the trend right now after all. However, I do hope that things would change. We will never know what storm will be coming in the market of crypto.