$10 Billion Launch Triggers 50% Jump In EOS Cryptocurrency, Predicted To Cross $40 - TCR

This one escalated pretty quickly needless to say as the EOS prices went on a rally and made a 50 percent leap within hours. This after Block.one – a blockchain software company – recently made it known that it just put up a new subsidiary dubbed Bullish Global. What made it interesting? It has a $10 billion funding.

Bullish causing EOS to soar

The announcement was made after Block.one handed over the new subsidiary with both digital assets and cash, Forbes reports. Further, it was stated that Bullish will be operating independently under Block.one.

EOS – serving as the native token of a platform for decentralized applications reached as high as $14.11. As of writing, the token’s price sits at $13.21 per Yahoo!Finance.

Crypto investors’ predictions

Analysts have been monitoring this recent development with the EOS and they believe that the token “was well-positioned for gains.” The chief executive officer of the crypto hedge fund manager BitBull Capital – Joe DiPasquale – has this to say. “The announcement is resulting in speculation on the price, but EOS had been in an uptrend for a while now, notably since the start of April.”

Just like DiPasquale, crypto investors are keeping an eye on the EOS. Predictions have come flying in and these investors are somewhat in unison that the token’s price got nowhere else to go but up.

• One of the boldest predictions is probably the one with Coin Price Forecast as they see EOS to finish strong with a year-end value of $46.92.
• The Economy Forecast Agency’s guess is almost similar to Coin Price’s as they claim it will reach $43.54 with a low of $35.08 in December, InvestorPlace reports.
• Prime XBT, on the other hand, stated that investors should “look for a breakout moment for EOS” before the token heads to new highs at $30.
• InvestingCube’s got a different take on this EOS trend, though it needs to be pointed out that their prediction came prior to the Bullish reveal. They predicted that it will plunge into a bearish pattern, which could only be invalidated by a surge past $8.

It may well seem that the EOS’ got a bright future ahead. What do you think?