Who Has the Edge in the Race to $20? – EOS (EOS), Qtum (QTUM), OmiseGo (OMG)
The market is yet to experience an upturn as the bears continue to wreak havoc. Slight price moves into the green don’t last and sentiments over recent remarks from South Korea haven’t been enough to pull the market onto its feet. However, we do have three coins that could be worth watching. Which one will reach $20 first?
After TRON (TRX) launched its Mainnet on May 31, attention now turns to EOS as it prepares to go live with its EOSIO on June 2, 2018. It’s one of the most anticipated events in recent crypto history. Matters have even become more keenly followed after two major sub-plots of the great story appeared.
First, Block.one, the software company developing the EOS platform, is said to have raised up to $4 billion from its year-long ICO. What they intend to do with these colossal sums is anybody’s guess. Nevertheless, there are reports that nearly $1 billion will be used to support blockchain start-ups.
The other issue relates to the revelations that the EOS network has epic numbers of bugs, a scenario that has put the launch in doubt. However, the team was able to fix the vulnerabilities and its all systems go.
Currently, EOS is trading at $12.21 against the US dollar, in the red at less than 1 percent over both 24h and 7-day periods. A total of over $1.14 billion worth of the tokens have been traded in the last 24 hours.
What happens next for EOS? One of two things really will happen. Either the price will rise and reach new levels or it could tank, just as we witnessed with TRX the other day. If it rallies, then $20 will likely be achievable this quarter.
Qtum’s unique platform has earned it a fair share of admirers. It achieves interoperability with both Bitcoin (BTC) and Ethereum (ETH), making it a great network for dApps.
Unlike EOS that is aiming at launching its Mainnet, Qtum already has a working platform. It’s one of the projects earmarked to gain mass adoption quickly. The main drivers of this possibility are the huge partnerships it has secured. Even before the market navigates the bearish trend, Qtum is already making waves after partnering PundiX. It’s viewed as one step closer to mass adoption with QTUM tokens now available for everyday shopping around the globe.
Currently, the coin is trading at $14.07against the US dollar. What’s making QTUM one to watch is the fact that it’s not even near the all-time high price of $100. Ranked 20th on CoinMarketCap, the coin has surged by +5.78% in the last 24 hours and +4.51% over the last 7 days.
What next for Qtum?
As pointed out earlier, the Qtum team is poised to push for further adoption of the crypto after sentiment improved in South Korea and China. There is also the Qtum x86 VM that makes it so easy to build on the platform, threatening to pull in most of the developers. Also important is the fact that the platform recently updated and fixed its network. Finally, it could benefit a lot from its 3-month Hackathon.
OmiseGo has had a great year since launching as an ICO in 2017. Having been sold at $0.244, the current price of $10.76 gives early adopters an ROI of +4419%. That’s how potentially profitable the OMG token could be.
At the moment, OmiseGo is attempting to recover from a dramatic drop in May that saw it lose over 40% of its value. The coin has gained just under 2 percent in the last 24 hours and 2.67% in the last 7 days.
What next for OmiseGo?
The platform has had quite an attention over the last few months. It aims at providing a digital framework for functionalities like payroll management, pension, business-to-business, and loyalty programs.
Unlike many of the crypto projects, OmiseGo has set a target of bridging the gap between fiat and cryptocurrencies. At its core is the idea that buying and selling of digital assets should be as secure and seamless as possible. The result is the team believes its decentralized exchange platform will do just that.
Furthermore, it provides for direct trading of digital assets on the on-chain exchange. This becomes even better when you factor in Plasma implementation. It makes the network scale to millions of transactions, a recipe for success in the crypto industry.
Conclusion: OmiseGo and Qtum will continue to jostle as they look to break into the top 20. The momentum appears to be with Qtum and so it could reach $20 ahead of OMG. EOS though could have a big say, especially if its mainnet launch succeeds.