Report: EOS RAM price surge is due to speculation

According to cryptovest, the price of RAM doubled from 0.2 EOS/Kb this weekend, and a few weeks ago, the price of RAM was only 0.015 EOS/Kb. According to rumors, if the price of RAM goes too high, the cost of creating a new EOS account may be as high as $100.

The report said that RAM became scarce not because of the distributed applications running on the network, nor because too many tokens were issued, but because of hoarding. But because block producers can call and change the supply, and computer resources are more flexible, the supply of RAM could double overnight and cause the price to collapse.