Peter McCormack sits down with Brock Pierce to discuss the delicate subject of Mt. Gox and briefly touch on McCormack’s dislike of the EOS project.
In Pierce’s latest podcast, dubbed Part 2, is a continuation of the discussion the two had regarding Mt. Gox and Mark Karpeles, the former CEO of the doomed exchange. When McCormack was asked about his thoughts on “the final season of the Mt. GFox saga,” he said:
“The only thing that’s important is that the creditors get their money as quickly and efficiently as possible, and let the thing [Mt. Gox] die.”
While McCormack wasn’t as keen on Mt. Gox’s rebirth, he expressed an amiable opinion of Karpales, stating that he even went to visit him in Japan. McCormack said:
EOS rises by over 6%; Ripple’s XRP and Ethereum follow suit prompted by Bitcoin’s rally
Bitcoin, the largest cryptocurrency by market cap breached the $9,000-mark anchoring another market spin towards the bulls. The collective market cap stood at $285 billion, at press time.
Since the onset of 2019, Block.one, the parent firm of EOS had rolled out several significant technological upgrades on its EOS blockchain. Even as the price movement was underwhelming for the most part of the year, the sixth largest digital asset by market cap, EOS gained strong market support. At press time, EOS climbed by 6.11% and stood at a price of $7.13 with a market cap of $6.5 billion. The trading volume recorded for the past 24 hours was $2.55 billion.
With the much-anticipated Ethereum 2.0 blockchain rollout, the second largest cryptocurrency, on CoinMarketCap, garnered gained bullish momentum against the US Dollar. At press time, ETH rose by 3.67% over the past 24 hours and was priced at $275.1. The digital asset registered a market cap of $29.3 billion and a 24-hour trading volume $8.49 billion. Additionally, 4.2% of the trading volume was recorded at ZBG via the trading pair ETH/USDT.
Ripple’s focus has always been disrupting cross-border payment space following which the Brad Garlinghouse-led firm introduced new technologies, features, and network updates. Its native token, XRP, significantly leveraged from the recent developments as well as the market recovery steered by BTC.
At press time, the third largest digital coin was valued at $0.42 after posting 3.41% gains in the past 24-hours. XRP held a market cap of $17.92 billion and registered a 24-hour trading volume of $1.5 billion. 4.4% of XRP was being traded at ZBG via XRP/USDT.
EOS technical analysis: Bulls working overtime to push the price up.
- EOS/USD went up from $6.56 to $6.72 in the early hours of Saturday.
- EOS/USD has had four bullish days in a row, wherein the price went up from $6.34 to $6.72.
EOS/USD daily chart
EOS/USD daily price is trending in an upwards channel formation after it had four bullish sessions in a row. Over the last four days, EOS/USD went up from $6.34 to $6.72. The price is sandwiched between the 20-day simple moving average (SMA 20) and the SMA 50 curves. The price is trending above the SMA 50 and SMA 200 curves. The moving average convergence/divergence (MACD) indicator shows that the signal line is about to cross over the MACD line, showing decreasing bearish momentum.
EOS/USD 4-hour chart
The 4-hour EOS/USD chart is currently trending below the red Ichimoku cloud. The latest session went past the resistance level at $6.55 and it needs to go past the resistance at $6.80 to continue the upward momentum. The 4-hour price is trending horizontally in the $6.15 – $6.60 range. The relative strength index (RSI) indicator has taken a sharp turn and entered the overbought zone.
EOS/USD hourly chart
The hourly EOS/USD price chart has had ten straight bullish sessions, which took the price above the upper curve of the 20-day Bollinger band. Since that meant that EOS/USD was overvalued, the bears stepped in, corrected the price and brought it back inside the Bollinger band.
The hourly price is trending above the 200-day simple moving average (SMA 200), SMA 50 and SMA 20 curves. The SMA 20 curve has crossed over the SMA 50 curve, which is a massively bullish sign. The Elliot oscillator has had eight bullish sessions in a row.
|Today last price||6.707|
|Today Daily Change||0.13850|
|Today Daily Change %||2.11|
|Today daily open||6.5685|
|Previous Daily High||6.5774|
|Previous Daily Low||6.3566|
|Previous Weekly High||6.65262|
|Previous Weekly Low||6|
|Previous Monthly High||8.6503|
|Previous Monthly Low||4.6113|
|Daily Fibonacci 38.2%||6.49305|
|Daily Fibonacci 61.8%||6.44095|
|Daily Pivot Point S1||6.42427|
|Daily Pivot Point S2||6.28003|
|Daily Pivot Point S3||6.20347|
|Daily Pivot Point R1||6.64507|
|Daily Pivot Point R2||6.72163|
|Daily Pivot Point R3||6.86587|
EOS’s Voice Influencers Could Make Up To $100m
In what seems to be a screenshot of a message by the block.one CEO, Brendan Blumer says that he expects top social media influencers to be able to generate up to $100 million in revenue from the new social networking platform from EOS, Voice.
Blumer indicates in the message that some of the top influencers are capable of bringing 50 million followers to the new social media platform which could, in turn, make them millions of dollars.
Extracting such social influencers to Voice is one of the main priorities for the project.
In the messages, Blumer says:
“Think of it this way.. if someone with 100m followers switched over to voice and 50m follow, we expect they could make 50-100m just for switching… that’s more than the net worth than many of those influencers.”
“Trust me, we’re thinking deeply on the same level you are [we] are saving our marketing for when we’re ready to bring them on.”
The People’s Voice
Block.one has explained in a recent press release that Voice is a platform that will treasure good content, saying:
“Voice is a more transparent social media platform for the world, where the value of good content gets circulated right back into sustaining the community, not corporate bottom lines.”
All content posted to Voice will be publicly recorded on the blockchain. The VOICE token will be utilised to reward content creators and let them promote their content. Because the internet is full of nasty people who only want to cause harm/annoyance to others, in order to keep spam to a minimum, all users will be subject to an identity check requiring a government-provided ID. However, users won’t be able to mine or buy the token directly but instead receive a daily airdrop of VOICE tokens that can be used to promote their content.
As the CTO of Block.one Dan Larimer explains:
“We believe everyone deserves a voice. This is why the voice token has the fairest distribution in the world.”
EOS Social Networks
Former co-founder of Everipedia, Mahbod Moghadam has highlighted that EOS has a social network with traction:
“EOS already has a social network with traction–it is called Everipedia. Our team is the most talented and we are building additional dapps on the IQ token as well. Voice should be on the IQ token and Sam Kazemian should be in charge of building it. He’s the next Mark Zuckerberg.”