EOS steadily bounces back despite John Oliver slam

EOS has kept itself steadily in the crypto market despite the ongoing bear run. Despite John Oliver’s slam on the particular coin in his recent episode, it is up a massive 35 percent in a week.

Oliver factor

Also read: John Oliver talks about Cryptocurrency and Bitcoin
In one of his recent episode of Last Week Tonight, John Oliver had done a thorough discussion on cryptocurrencies. By doing this, Oliver joined the other talk show hosts such as Ellen Degeneres who talked about cryptocurrencies recently. On March 11, he had a whole segment dedicated to Cryptocurrencies and Bitcoin.

While talking about cryptocurrencies, he had also particularly talked about EOS. His sarcastic comments on the success of this coin as well as some members of its Dev team had produced a good laugh. His exact words regarding the cryptocurrency were:

“Who knows? Maybe EOS is going to be the next Google. I don’t think it is, and I certainly don’t think it can be worth over a billion dollars at this point, but I could be wrong. I’m absolutely not, but I could be,”

However, as opposed to the expected result, it is one of the leading coins in terms of gains this week.

EOS gains

EOS on coinmarketcap on March 23.

EOS on coinmarketcap on March 23.

Despite all the media backlash as well as the current market trend, EOS traded near $7.01, up about 37.7 percent since Friday’s close.  EOS, as well as Cardano and other altcoins, are starting to outshine the bigger coins, like Bitcoin.

EOS is a cryptocurrency for a forthcoming platform called EOS.IO. It intends to support more efficient operations for “decentralized applications” than existing platforms such as Ethereum. Block.one, who is behind this responded in a lighthearted and conciliatory tone. They were quick to point out that they enjoyed the segment, and appreciated the mainstream media attention that it afforded.

 

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