EOS lost 8% on daily basis, no recovery in sight. Block producers quarrel and fight. EOS/USD is changing hands at $7.41. Despite a relative stability during early Asian hours, the coin has lost over 8% in resent 24 hours amid major sell-off triggered by piling up EOS governance issues. EOS market value is registered at $6.7B with average daily trading volumes $658M. The asset has lost nearly $3B of its value in a week. EOS project lured investors by huge promises that helped to raise financing to the tune of whooping $4 billion. Now its’ high time to perform, but the project has to deal with endless problems that pop up over and over again. It seems that the biggest issue is related to governance and coordination problems. The recent conversation between block producers revealed a lot of friction and misunderstanding and draw community attention. “On a more serious note it’s actually interesting to have a look at /r/eos. It’s all small-scale politics. “Oh BP Y sucks, vote for BP X because they’re awesome”. It’s a social media/political campaign to get your BP “elected” so you can earn free EOS/money,” Bitcoin enthusiast known under Whale Panda nickname tweeted recently. EOS technical picture Looking technically, EOS/USD is capped by $8.00 resistance, created by 78.6 Fibo retracement. Th coin needs to clear it to get a chance for an extended recovery with the initial aim at $10.0 On the downside, a sustainable movement below $7.00 will trigger the sell-off towards $5.8 (April 11 low). EOS/USD, the daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next NZD: Under pressure – ANZ FX Street 5 years EOS lost 8% on daily basis, no recovery in sight. Block producers quarrel and fight. EOS/USD is changing hands at $7.41. Despite a relative stability during early Asian hours, the coin has lost over 8% in resent 24 hours amid major sell-off triggered by piling up EOS governance issues. EOS market value is registered at $6.7B with average daily trading volumes $658M. The asset has lost nearly $3B of its value in a week. EOS project lured investors by huge promises that helped to raise financing to the tune of whooping $4 billion. Now its' high time to perform,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.