EOS is a blockchain platform notable for its fast, scalable decentralized applications (dApps) and zero transaction fees. Despite its advantages, the platform faces challenges related to centralization due to its delegated proof-of-stake consensus model.
Current Elliott wave analysis suggests that EOS is finishing its pullback phase, anticipating a substantial rally within wave 3. A bullish breakout above 1.02 is critical for confirming this upward movement.
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