EOS Gains Speed Up Despite Sluggish Market In Advance of Mainnet Launch

The cryptocurrency market may currently be experiencing a corrective slump but EOS is bucking the trend, continuing to rise against a negative market current.

The dApp-focused cryptocurrency currently ranks as the 5th largest token by market cap and is riding a wave of positive investor sentiment driven by the recent launch of EOS Dawn 3.0, a notable venture partnership announcement, and the upcoming launch of the EOS mainnet.

As outlined in a recent EOS Medium post, worst case predictions of transaction speed place EOS at 1,000 TPS with average and best case scenarios delivering speeds of between 3,000 and 6,000 transactions per second, which would make EOS one of the fastest blockchains by transaction speed.

"Binance would like to confirm that we will support the EOS MainNet Token Swap. We will handle all technical requirements involved for all users holding EOS.".

The EOS mainnet launch will also make available a range of features not currently implemented on the ERC20 version of the token.

As part of their mainnet launch process, the EOS development team have been accepting registrations form organizations that seek to capture a position as one of 21 "Supernodes" that will contribute to the maintenance of the EOS blockchain.

Some applicants are groups of EOS enthusiasts that are locally assembled, such as EOS Canada or EOS Rio, while others are significant industry players such as AntPool and Bitfinex.

The upcoming launch of the EOS mainnet is not the only news that has contributed positive token price movement over the last month.

The upcoming EOS mainnet launch is likely to have a positive impact on token values.

As EOS is primarily driven by dApps it may take some time for the market at large to respond to the mainnet launch of the token.