Zi Cen: Why has EOS been in a downturn for a long time?
The unbearable weight that has been ignored by us: why EOS has been in a downturn for a long time
Regarding Blockone, there should be a new progress announcement in the near future. Everything is based on the official website, so I won’t say much. Today I will give some data that I have never said, but have been ignored by everyone for a long time.
1) This article is from the data of SlowMist. In 2020, there were 33 incidents of ETH DApp being hacked, with a loss of more than 360 million US dollars, accounting for 0.7% of the market value. EOS DApp was hacked in 117 cases, the loss amount exceeded 28 million US dollars, accounting for 1.4% of the market value. These are additional selling pressures, and EOS actually needs to bear an additional 1.4% selling pressure on the basis of an annual inflation rate of 1%.
2) The capital scale of Plustoken (data as of July 2019) is about 200,000 in BTC, about 789,000 in ETH, and about 26.31 million in EOS (worth 110 million USDT at the time). At the same time, from July 2019 to now, BTC has added about 702,000 pieces (accounting for 3.7% of the circulating supply), ETH has added about 6.48 million pieces (accounting for 5.7% of the circulating supply), and EOS has added about 14.6 million pieces (accounting for 1.4% of circulation).
In other words, the additional selling pressure brought by Plustoken accounted for 28.5% of the new output of BTC and 12.2% of the new output of ETH. In EOS, this data is an astonishing 180%.
3) The capital scale of the EOS ecosystem (data as of April 2020) is about 19.36 million EOS, and since April 2020, the new output of EOS is only 5.83 million. The additional selling pressure brought by this project to EOS is relatively normal The increase in output is a staggering 332%.
Adding up these data, in the past two years, the real selling pressure of EOS was more than 6 times that of the new output. Compared with BTC and ETH, which are required to maintain the secondary market price, EOS has been bearing an unbearable burden that is ignored by everyone.
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1. The basic orientation is good, and the world is peaceful
Still going back to the sentence, "Bitcoin is the fundamental of the entire digital currency industry, and it will definitely start first. Ethereum is the fundamental of the entire public chain track. Next time, all other projects, including EOS, have to wait." Don't scold me for rubbing hot spots, don't scold me for jumping off the car, let alone deny that my analysis of trends is not wrong.
Continue to predict that Bitcoin will consolidate for the rest of 2020, and then hit the previous high of 20,000 US dollars.
On the other hand, Ethereum, with Eth 2.0’s lock-up expectation and gray scale blessing, coupled with DeFi’s ability to lock liquidity, will also continue to be strong.
The fundamentals of the entire digital currency industry and the public chain track are improving, and the next step is when the chicken and the dog rise to the sky, which is when EOS completely bottoms out. The high before the breakthrough is the starting point of the bull market, and the real bull market is not one of the best, but the Eight Immortals crossing the sea, and then the last group of demons dancing wildly. Just remember this sentence, I said it in November 2016, and now I will say it again in November 2020:
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2. Wait for the protagonist of the story to say back to EOS
The last cycle was the era of Blockchain 1.0. All the stories belonged to the concept of "global currency" and belonged to Bitcoin and Lite Silver. Therefore, ETH, which has just been launched on the mainnet in 2016, has such a trend, which is bleak, desperate, and "In the long run, worthless". Compare it with the current EOS, is it familiar? ETH at that time was even worse than EOS now.
But this time, the story of the 2.0 era belongs to both global currency and smart contracts, so the most dazzling stars have become BTC and ETH. This time it was bleak and hopeless, and it was the turn of EOS, which has been on the mainnet for more than two years and is still struggling at the bottom.
In the bear market cycle of the past two years, the contradiction between Blockone and the community, and the contradiction between China and China can be summed up as follows:
Blockone can never, and never will, do what we expect, do what we think is right.
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3. What really makes me think it's worth the wait is prejudice
Even though Blockone has not moved for a long time, the EOS ecology is still prospering at a speed visible to the naked eye. The current state is that EOS has the smoothest, most convenient, and lowest-cost DApp (DeFi) operating experience, which most people have never played or experienced at all; besides Ethereum, it has the most active DApp (DeFi) The three-party developer ecology, as well as the most popular community user participation, from Pizza, which has been working quietly for two years, to DFS, we can all see the long-term development resilience and continuous polishing ability of EOS ecological projects. But at the same time, at the other end of the scale, we have always suffered from the highest level of prejudice in the industry, black EOS is politically correct. Nothing is bad, there are underlying foundations, developers, users, and enthusiasm, but everyone is arrogant, using hearsay news, to distort all speeches, to dismantle all positives, and to magnify all negatives. Like this picture:
So, I have been waiting for three years, why should I not continue to wait?
