22% Loss For EOS / Veritaseum Leaps 107% / BitShares, NEM and LiteCoin Big Winners (Market Roundup 04 Jul 2017)
EOS takes a dive after the first few days of gains. Veritaseum gains a massive 107% and Bitshares, NEM and LiteCoin all make big moves up today.
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Litecoin is currently on fire, and just for the record I think its recent rise is just the beginning. See the article I wrote below if your interested in knowing more context on why I think this.
The Potential Upcoming Price Ratio Correction: Gold vs Silver & Bitcoin vs Litecoin
https://steemit.com/cryptocurrency/@budz82/the-potential-upcoming-price-ratio-correction-gold-vs-silver-and-bitcoin-vs-litecoin
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EOS still has 800 MILLION shares coming out over next 350 days(roughly), so won't we expect a steady price of under a dollar? I think i'm holding off on purchase. Market will dilute a little and if eos gains ground in 5 years those 500 tokens i get later this year for pennies(hopefully) will be massive profit. Long game though.
EOS was a good pump and dump early on after release (if you bought it right after it was added to Kraken and then sold it a few hours later you could of got about a ~4x return on your money). Since then it has been steadily dropping, and this downward trend is likely to continue to drop over the next few days/weeks/months and more and more coins are added to circulation, and you are correct will likely settle at less then a dollar when everything is said and done. Anyways I guess this is a learning curve for some people to remember for next time (any ICO which is released in chunks over a long period of time is not going to be a good medium term hold, instead it should be seen as a coin to capitalize on early and then quickly get out of dodge while you still have some profits).
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