- “We will continue to cooperate closely…to foster growth in the EOS network,” BetDice.
- EOS bears increase their grip on the price as the falling wedge pattern approaches.
BetDice, a leading gaming platform announced on Wednesday via their Medium account of their partnership with BitPie. The two companies will work together to develop several EOS-based coins. The tokens are going to be pegged to BTC, ETH and USDT. The announcements states that “these tokens will be available for use in all our games on 12-Dec.” In addition to that, there will be the introduction of a token swap feature on BetDice website using an API. The following is a description how the token swap is going to work:
“The user deposits the corresponding currency into a specific gateway address. They will be issued an equal amount of the EOS-based coin. For example, a BTC deposit will give the same number of EOSBTC coins on EOS. The user can redeem their EOSBTC for BTC at any time. The cold wallet address will be publicized and managed by multi-sign, and the balance of the hot and cold wallet will be updated in real time on the website of our partner. The total balance of these two parts is equal to the circulation of BTC on EOS.”
While commenting on the partnership, BetDice says:
“We have carefully considered this partnership with BitPie, and after much in-depth conversation with their team, we believe that we share similar goals. We will continue to cooperate closely with them, to foster growth in the EOS network as a whole. We will fully support and jointly promote these currencies.”
EOS is trading at $2.18 at press time. The extended falling wedge pattern is yet to reach the point of break. However, the price is currently stable above $0.21 and is slowly approaching the pattern breakout which could revamp the bullish trend towards the seller concentration zone at $2.5. The relative strength index on the 15-minutes chart is currently in a downward slope. Sellers are increasing their grip on the price. Similarly, the DMI shows that EOS could continue to trim its value in the short-term.
EOS/USD 15’ chart
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