As the question shows, cryptocurrencies have always been a matter of concern to investors, especially the price trend of cryptocurrencies and the direction of funds. Among thousands of cryptocurrencies, one must wonder where those cryptocurrencies end up, and what is the most valuable cryptocurrency to invest in?
What is the trend of the encrypted currency now?
Money flow in the last 24 hours
As seen in the figure above, globally, money flows from the dollar, yen, won, euro and cryptocurrency Tether to cryptocurrencies EOS and Bytom, while cryptocurrencies flow from Bitcoin to EOS, Zcash and Bytom, indicating that both legal and cryptocurrencies are investing in EOS and Bytom.
So, As we can see, EOS is the best investment currency, So, what’s the price of EOS now?
EOS has climbed close to the top of the tight range. The bulls have failed to break out of this range since Sept. 24, so we expect a strong defense of this level.
A breakout can propel the EOS/USD pair to $6.8299, above which it is likely to pick up momentum and rally to $9.1668, and further to $11.4. Therefore, traders who are long can keep their protective stops at $4.9, just below the support of the tight range.
From what has been discussed above, EOS is the best encryption currency that we can invest in!
If the bulls fail to break out of the range, the pair can slide to the bottom of the range at $5, below which a fall to $4.493 is possible.