The cryptocurrency market has been associated with a lot of happenings with respect to market capitalization in the past two months. The likes of Ethereum and XRP had experienced a turnaround and only Bitcoin, the cryptocurrency with the largest market capitalization, could be left out in a market with high volatility.

EOS, Litecoin (LTC), and Bitcoin Cash(BCH) are the three coins in recent time that has struggled to retain the fourth, fifth and sixth positions in recent time. This means that there is a possibility of EOS to move to the sixth position soon.

However, from my recent observation in the EOS market, I could predict that the ‘Chinese Ethereum’ (EOS) will be within the top five positions in the next three months, although it is presently occupying the fourth position at the time of writing with LTC and BCH in the fifth and sixth positions respectively.

Some of the factors that will strengthen EOS irrespective of its decrease in price by more than 600% in 2018, to retain the top five position in market capitalization in the next three months include: the Chinese rating, its present surge in price in the last 4 weeks, increase in its trading volume, attraction of .more developers in its blockchain, speed of execution of transactions and the wide range of applications.

1) The Chinese Rating

The Crypto market is one that is continuously pushed by sentiment and speculation. This could be seen in the recent price surge of XRP after it was listed in Coinbase.

However, since May 2018, the Chinese’s government has been releasing updates on the performance of cryptocurrencies. The 10th rating was recently released with EOS still ranking as the first and best. This position of EOS has shown that the coin that had the biggest success in fund generated through initial coin offerings has a great future for holders of the coin. Ethereum that had been able to retain the second position was displaced by the Tron token into the third position.

2) The recent price strength

Presently, due to the increase in knowledge among coin users, many cryptocurrency users that invest in coins are no longer moved by big names but by performance.

On Jan 30th, the opening price of EOS was $2.27 and by the end of Feb 28, it closed at a price of $3.54. This represents an increase of $1.27 for each EOS token that is held and a percentage increase by 55.94% in just one month.

This continuous run in price has shown that the coin could retain its position since neither of Ethereum XRP, LTC or BCH had attained this feat in the last month.



3) More than 50% Increase in market capitalization and trading volume in 4 weeks



In the past 4 weeks, the trading volume of EOS has increased from about 814 million to 1.35 billion. Also, its market capitalization moved from $2.1 billion to $3.2 billion within the same duration. Both represent an increase of 50%.

Get updated with the latest EOS price analysis here.

The increase in this trading volume has shown that the user sentiment with the coin is increasing which is necessary to sustain its price within the top 5 in the next three months.