EOS Short Oppertunity

Technical analysis

EOSBTC -2.12% moving in a triangle, touched resistance line of this triangle and go to the support line. Also, I see the second cycle. Stochastic RSI - overbought.

Fundamental analysis
EOS Bugs
https://cryptocurrencynews.com/eos-bugs/

The EOS Github page suggests that were about 620 bugs and other issues that remained unresolved as of earlier this week, following the official token swap and launch. While resolving these problems sounds like a daunting prospect, more than 1,400 issues had already been resolved during development as of that time.
https://www.investopedia.com/news/whats-matter-eos-cryptocurrency/

Only 10 wallet addresses hold almost 50% of all EOS tokens.
http://bitcoinist.com/50-percent-eos-tokens-10-addresses/

Vitalik Buterin believes low voter participation, exchange voting on coin holders behalf and a discrepancy between coin holders and users interests could be major stumbling blocks:
“To try to ensure decentralization, DPOS allows all coin holders to vote on who the nodes running the consortium chain are. This, together with the lack of in-protocol economic incentives for these master nodes to behave correctly, and the lack of client-side validation capability, mean that there is an extreme reliance -0.17% on the voting mechanism.”
Furthermore, Buterin believes the voting system is open to manipulation:
“There is also one other substantial concern with voting: in order to win votes, any delegate would need to have a visible public identity; anonymous delegating would be very difficult to sustain in the long term. This makes the entire system substantially more vulnerable to political attacks.”

EOS and Block.one pushed for their project to gain prominence so hard that it managed to break fundraising records. If it weren’t for their marketing efforts at the start, this mainnet launch wouldn’t nearly be as important right now.