Are you currently holding any EOS coins and want to see what the project’s future holds?
Or maybe you are curious what the potential EOS price outlook for 2020 is? Either way, all of your queries will be covered in this EOS price prediction.
This prediction of EOS prices will start by explaining briefly what EOS really is. This will be followed by the future of EOS and price prediction.
What Is EOS?
Inherent to the leading blockchains such as Bitcoin, Ethereum, and Litecoin, EOS was developed to solve problems such as speedy transfers. The EOS blockchain is infused with many frameworks and protocols, according to Block.one, aimed at accelerating the transaction speeds on the network.
EOS claims to process millions of transactions, making it the fastest blockchain technology, while Ethereum will only process 30 transfers per second against Ripple’s which is considered the fastest blockchain with 1,500 transfers
EOS.IO. is a blockchain protocol. The native cryptocurrency of which is the EOS coin. EOS is software that sets up personalised blockchain architecture to allow decentralised applications to be scaled horizontally and vertically.
Authentication, profiles, files, asynchronous communication, and application scheduling are provided by the EOS platform across a broad variety of CPU cores and clusters.
EOS Price Today
EOS takes the top position on the list of first wave gainers today. The top cryptocurrency has gained around 10% since yesterday and further upside seems possible.
EOS maintains a good market sentiment with about 85% of traders voting for a bull market in the short-term.
EOS is in gains in all timeframes except for the yearly and hourly where it has lost 27.5% and 0.9% respectively. In the last month, EOS, however, gained 30.0%.
EOS is currently trading at $3.08 as its market capitalization soars to $2.9 billion.
EOS Technical Analysis
Back in 2017 EOS saw a sudden turn of events. Previously, it was trading at $1.21 with a market capitalization of $54 million. Henceforth, its unstable nature became noticeable to all and eventually, in Jan 2018, EOS reached a new peak. It was changing hands at $18.16 with a market cap value of $109 mln dollars.
While the EOS price is concerned, it appears the tension is moving quickly. Unfortunately, It began a downward trend that saw the price at $4.08 as of March 2018. Again, a few weeks later it finally reached $21.46. By this time, with market capitalization $176.6 mln.
In 2019, however, as the acknowledgment proportion turns out to be more, the worth floods upward. EOS is more technologically advanced than many cryptocurrencies. As of the beginning of the year, EOS coin price was $2.88. The price slowly improved reaching $8 by the end of Q2. Nonetheless, the Coin could not hold its strength for too long, the price of EOS diminished to $3 by the end of Q4.
The injury to the price of EOS was quite devastating. Particularly, there is a 4.2% decrease in USD value, shoving the price down to $3.51. There is also a 3.46% reduction in EOS/BTC, which drives that ratio down to 91,065 Satoshi. So far, nothing irreversible has occurred, but the all-around trend simply isn’t what most people had hoped for.
Looking ahead, EOS is anticipated to considerably recover in Coming days, retaining a stable growth pace. Till the end of the year, it might reach the $15 mark. If the crypto regulation becomes more favorable.
EOS Price Prediction 2020
EOS started the year 2020 at a price of about $2.2. The less known cryptocurrency rapidly moved to significant resistance, surpassing the $5.5 mark by the middle of quarter one. However, shortly after the breakthrough, the coin started to drop sharply to record lower prices.
However, by the beginning of the second quarter, prices had fallen below the critical support at $2 but the bulls couldn’t take the markets much lower. The resistance to the $2 mark was tightly sustained and EOS traded sideways for the rest of the quarter.
EOS rates increased rapidly to the $3.5 mark in Q3 of 2020, and the coin was trading at $4 by mid-August. While there was a minor market retracement, this could only pull the rates down a bit into the $3.6 area. EOS is trading at $3.37 as of now.
EOS Price Prediction 2021
By 2021, EOS may be seen as a big competitor battling for the utmost position with Ethereum. The innovative technology in the EOS infrastructure provides increased transaction speed, but Ethereum has been around for the long term and is more robust. We can expect to reach the price of EOS to be worth between $45 and $70.
EOS Price Prediction 5 years
By 2025, EOS has spent almost eight years on the scene. This is the estimated age Bitcoin began to enjoy the chaotic growth to fame, reaching $20,000. Although it differs in the case of EOS and there is no confirmation that EOS will reproduce Bitcoin’s result. However, we may indicate EOS might at least reach $1,000.
Also Read : Chainlink Price Prediction 2020 – How High Will LINK Reach?
EOS Market Prediction
On social media, Unlimited Tower tries to attract positive attention for EOS. The entity recently partnered with DexEOS, which is a decentralized exchange built on EOS technology. Even though this partnership is quite a good deal, it may not affect the end-user immediately. The current growth of the EOS ecosystem cannot be denied, but that doesn’t refer the price will respond in mind.
- WalletInvestor: According To WalletInvestor, Investing In EOS Will Turn Out To Be A Favorable Venture For The Investors, They Believe That In 2023, It Might Reach $911.
- CoinFan: Coinfan Sees EOS Reaching $47 In December Of This Year, After A String Of Months With Constant Gains.
- TradingBeasts: Algorithm At Tradingbeasts.Com Has A Much More Conservative Approach To EOS Price, Putting It At $7 At The End Of The Year Which Still Represents More Than Double Of Its Current Price.
Our EOS Prediction
Overall, EOS is a perfect enabler to help developers and engineers to build decentralized applications. Coinpedia Predicts EOS can reach $15 by 2019. The EOS scalability and crowd sale make it the most significant tokens, as per the market capitalization.
EOS Recent Updates (EOS News)
#1. AdNode Partners With EOS
EOSIO makes it feasible for EOS VC grant recipient AdNode to assist agencies with the problem of wasteful spending and extortion in the multibillion dollar global digital ad space. By automating the reconciliation procedure for digital advertising, AdNode enhances the dynamic of how ad buyers and sellers cooperate.
#2.Scaling Decentralized Applicationswith LiquidApps
LiquidApps hopes to change the future of blockchain scalability, collaboration, and interoperability. Their integration with EOSIO ensures that developers can now approach a whole suite of important services that are crucial for building scalable dApps.
From substantial decentralized storage to robust oracles, and even LiquidChains – a blockchain-as-a-service solution that allows anyone to easily spin up a customizable EOSIO chain.
#3. The Release Of Version v2.0.5
On April 21, 2020, the EOS development team released EOSIO v2.0.5. Updates in this release include security, stability, and other changes.
FAQ’s
- Is EOSIO Centralized?
In EOSIO, token owners can elect 21 block builders to filter transactions, which allocates power amongst the token holders and aligns the attention of all parties involved. The largest difference between EOSIO and other blockchain protocols is how much they have decentralized the inner ideas of the chain.
- How are Transactions Fees on EOSIO?
With blockchain platforms that use a proof-of-work consensus mechanism, there are fees for each transaction processed. EOSIO eliminates these by having the network shoulder the burden of these costs
- Can EOS Ever Reach $,1000?
This is totally dependent on many factors like growth and developments. However, market predictions did point to a $1,000 price within the next 5 years.
