Exciting news came up in the crypto domain as Dan Larimer gave up his position of Chief Technology Officer (CTO) at Block.one. The founder of Bitshares and Steem (a blockchain-based social media platform) was found announcing his resignation in a blog post.
With a history of raising $4 billion with Block.one, it will be interesting to see how the EOS price will be affected by this movement. We will also look at the EOS value predictions to understand the situation better.
If you are interested, let’s jump into this article!
Quick Facts About EOS and Block.one
This is a company that launched the ICO. It was based on Ethereum, an open-source blockchain with smart contracts. ICO found success, and the company was able to raise $4 billion and gained a considerable amount of Bitcoin and EOS.
EOS is the best public blockchain thanks to the EOSIO software built by Block.one. EOS has a strong market cap, one of the biggest we can speak of, and some reputation in the market. However, the founding company has been seen with little effort to promote EOS rather than talking about EOSIO.
The CTO Resignation and EOS Price Fall
Since the Larimer resignation news came up, EOS started to take the hit, losing a billion each day. Furthermore, EOS lost 26% in 12 months. The price decline went faster when the CTO of Block.one resigned from his post.
EOS Price Predictions
So what to do with EOS after the news? Let’s check out the latest EOS price predictions to take the next EOS investment move!
Despite the resignation of the CTO, Wallet Investor suggested a 243.25% increase in five years — a number that is quite a good reason to get interested in EOS.
Smartereum indicated EOS will reach $143 in five years. So investors should try to keep their faith in EOS for the long term.
CoinSwitch has less detailed price predictions where they predicted EOS has the potential to be 60% more than the Ethereum market cap.
The Future of EOS
There’s no reason that the resignation of Block.one’s CTO could change the future of EOS in the long term. EOS has the technology to change current computer resources and improve businesses of different sizes. Hence, the EOS price should reflect the changes to make it a valuable blockchain network.
Exchange BTC for EOS
Now let’s look at the process of exchanging BTC for EOS in Godex.io. Here are the steps to make the exchange super fast:
- Select BTC in the You Send field and EOS in the You Get field. Set the BTC amount.
- Enter your wallet address, and the platform will start the depositing.
- After the confirmation process, the exchange will start.
- After five to 30 minutes of waiting time, the transaction will be completed.
We know that it’s quite shocking for EOS to lose the CTO at a time when all cryptocurrencies are going upwards. But looking at the long-term price predictions can be helpful when deciding whether to stay with EOS or sell it.
For a faster and secure way to buy and sell EOS, check out the Godex platform.