- EOS has seen a significant plummet in price as the CTO announces his desire to begin working on a new project.
- The news caused holders to panic as price action plummeted below the $2.50 handle.
- Support moving forward; $2.26, $2.06, $2.00, $1.86, $1.64, $1.50, $1.32.
- Resistance moving forward; $2.50, $2.75, $3.00, $3.50, $3.83, $4.00, $4.48, $5.00
Latest EOS News
Over the past week, the confidence within the EOS community has taken a drastic knock as Daniel Larimer, CTO of Block.one, the development company behind EOS, took to Telegram to announce his ambition to create a new cryptocurrency project.
The timing of the announcement could not have come at a worse time after the entire cryptocurrency industry was hit by extreme selling pressure when Bitcoin plummeted below $6,000 during mid-November 2018.
Before the announcement, EOS had already undergone a drastic 52% decline from high to low in November 2018. However, after the announcement the market has continued to decline a…