EOS is ranked at #8, below Tether as well as Binance Coin on coinmarketcap. The price dwindled slightly, at a rate of 0.19% in the course of the past 24-hours. The trading volume recorded is $1.125 billion, while the supply has 929,309,449 EOS coins in play. As of this moment, the total market cap of EOS is $3.286 billion. At present, EOS is priced at $3.54.
— Novusphere (@thenovusphere) August 28, 2019
A year ago up until October at least, EOS was a hot topic. It was typically marketed as an “Ethereum Killer”. With the passage of time, the various problems plaguing the project have been exposed. Dan Larimer is yet to find a viable solution for the centralized system of the blockchain network. Brendan Blumer has been trying to bring in “the hype” centered around the Voice platform, which was originally built so as to be an apt rival for Facebook.
Do note that Mark Zuckerberg took over both Whatsapp alongside Instagram when he felt threatened by their presence on social media. Facebook is even planning to roll out LIBRA [David Marcus who previously headed PayPal is the current CEO of Calibra].
Major alt performance versus Bitcoin over the past year.
— Luke Martin (@VentureCoinist) August 25, 2019
In order for Voice to be deemed successful, both Dan and Blumer need to make sweeping changes to the main protocol. Larry Sanger, who co-founded Wikipedia, had expressed minor displeasure but had reaffirmed his faith in the network. If EOS doesn’t break the $4 mark by the end of this year, it will rank amongst the disappointing altcoins who may die out sooner that expected.