There have been so many Positive thing going on EOS and yet, there has not been a major pump. Usually what this means is pure accumulation from Big players or whales.
The biggest news is the Exchange that Block One has announced called "BULLISH" this exchange will be live this year, the date is still unknown.
Also, The funding rate of EOS has increase, this is a bullish sign for EOS.
China Ranks EOS as NUMBER 1 base on Speed of transaction and remember there are 0 fees with EOS.
Remember, lets not forget about Bitcoin, if bitcoin consolidates or remains bullish then we can see EOS go to 9 dollars if not higher.
(Not a financial Advice)
EOS came out in 2017, it is still considered new compare to BTC AND ETH.
Thanks for this view. On the funding rate comment though: higher (than usual) funding rates generally precede a drop in price; just as lower (than usual) funding rates precede a pump.
OmaOne
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@deci8el, When funding rates are positive, this means that people are willing to pay to be long, which is a bullish signal. Increase in funding rates means people are paying, I believe contracts for a long term hold that the Price of EOS will hit around 23 dollars to 50 dollars by the end of the year.
deci8el
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@OmaOne, Funding rates definitely correlate to sentiment, but high funding rates are usually a signal of euphoria and the inevitable fomo entries... I want to see us go up as much as anyone and am currently in a long position waiting for a revisit of $5.5, but the increasing funding rates are alarming to me.