EOS Price Prediction: What is EOS?
The EOS coin is the product of the EOSIO blockchain, a well-designed platform created mainly for decentralized applications. It was meant as a solution to computer resources and imitation computer hardware and much more. Like other cryptocurrencies before it, the EOS coin was generated to provide a solution to the problem of speed that was posed by other cryptocurrencies.
$4 Billion raised in ICO
EOS took care of the high rate of charges attached to other top cryptocurrencies like Ethereum, Bitcoin and others and is also far more flexible. The EOS’s white paper was released in 2017 and was launched the same year in June. It broke previous records and won the top position as the coin to have raised the highest capital during an ICO; it raised over $4 billion at a go.
The EOS cryptocurrency was created by Dan Larimer and Brendan Blumer, who are the top leaders of the Block.one team. This team were very successful in their marketing strategy and were able to influence many traders and investor that the coin would be very profitable right from the start. With the introduction of smart contracts into the system; the coin has been tagged as the ETH Killer although Chris Burniske has shot down the ETH killer concept.
Concept of EOS
The concept of this crypto coin was very simple and logical: If Ethereum turned out to be a successful innovation and has remained in demand over the years, then a better version of such a crypto coin is bound to soar higher. Its main focus however is to create a firm platform for decentralized application, it offers decentralized application stress-free upgrades and easy bug recovery.
With its blockchain technology, the EOS cryptocurrency offers safe communication and security for data on the application. Although, the coin depends highly on the volatility of the financial industry as the price of EOS depends fully on how the financial industry behaves. Despite its stand as one of the top crypto coins in the financial market, it remains dependent on other cryptocurrencies such as Bitcoin’s status.
Despite all of this, the EOS price prediction shows that the coin has a bright prospect ahead and stands a very good chance of progressing positively in terms of price and quality. The EOS Price history has been positive so far and this is due to its relatable role in the market combined with the effectiveness of the team behind the coin. We would be giving a detailed analysis of the EOS coin and why the EOS coin price has a great chance of increasing rapidly.
How much will EOS be worth?
The EOS cryptocurrency made an entry into the financial Industry in 2017 and it was valued at $1. EOS was very well known for its record-breaking success during the ICO and this exceptional record garnered interest among many traders and investors who then began purchasing EOS right from the beginning of July. Due to the high rate of sales, the EOS price became $5 but went back to the original price of a dollar in a couple of days.
The end of the year wasn’t so good for the coin however, the EOS cryptocurrency value dropped right down to $0.5 but then started an uptrend once more in November. This uptrend in crypto price predictions was due to the increasing price of Bitcoin and the rising attention that crypto coins were beginning to enjoy generally. At the beginning of 2018, the price of EOS in the crypto world rose to about $15 and went right back to $4 in March.
In April, Bitcoin’s price in the crypto world rose and EOS followed and rose to $21 only to fall back to $4 by August. The EOS price began 2019 with a solid upward trend right down to the end of May and then slowly started slinking downward till September where it began to maintain a steady price in the industry.
The EOS coin price returned to $4.4 in February 2020 and was later valued at 2.516 USD on June 20th, 2020, and seems to have a positive prospect ahead of it. It has become apparent that the EOS value depends on the market trend. Therefore, when other coins’ prices start to fall; EOS price follows suit.
As of October 27th, 2020, EOS has:
- A current price of: $2.66
- A Market Capitalization of: $2,488,800,394
- A 24-hour volume of: $2,069,347,864
- A Circulating Supply of: 937,258,629 EOS
- A Total supply of: 1,023,958,640 EOS
EOS price predictions for 2020 – 2025
WalletInvestor EOS Price Prediction
WalletInvestor has given a forecast about EOS for five years that is not quite optimistic. This expert predicts 2020 to end with EOS cost being around $0.1 but might rise in the coming years. By 2023, they predict the EOS price may reach the extent of $911. The long term outlook of EOS based on WalletInvestor is bright and makes it attractive as a long term investment rather than short term.
TradingBeats EOS Price prediction
TradingBeasts has a better price forecast than WalletInvestor as it believes that the EOS will grow beyond the $10 mark before the start of 2021.
CoinSwitch EOS Price Prediction
CoinSwitch makes its prediction by bringing together the price forecast of WalletInvestor and OrdinaryRich and after analyzing these predictions, makes its prediction. This analysis site sees a great prospect for EOS as it believes EOS will make it to $95 in July 2020 before falling to less than $50 by the end of the year. It is by far the most positive prediction for EOS so far.
Smartereum EOS Price Prediction
Smartereum, like WalletInvestor, has made a price forecast of EOS for five years. The analysis site doesn’t provide a definite prediction for EOS but believes that both short term and long term investment would be a practical decision. It makes this prediction based on the network’s scalability quality which allows it to continually grow.
Smartereum predicts that if many enterprises adopt the use of EOS, the token’s value is bound to rise steeply before the end of the year. By this prediction, EOS future price is optimistic both short term and long term.
DigitalCoinPrice EOS Price Prediction
According to DigitalCoinPrice, the EOS price should quickly increase to an estimated $4 by the end of 2020. The price prediction of EOS by DigitalCoinPrice is probably too idealistic for some investors but not when compared to the prediction EOS has enjoyed from Smartereum and CoinSwitch.
Is EOS a good investment in 2020?
EOS has a high vision with its project with Dapps and will take on an important part in the financial market. The reason why this market has been able to stay among the top ten cryptocurrencies is that it tackles problems attached to various blockchain networks. It makes some high claims of being able to confirm over 100,000 transactions per second.
There is no right answer to the question of if EOS is a good investment choice; that is a question an investor would have to answer. To answer this question, it is important to check out the price analysis, technical analysis, and other important analyses to confirm that the coin was examined extensively before investments were made.
Due to its positive trend in the industry since its creation, Eos has great potentials, positive price prediction, and a spot with many investors. If EOS price ever makes it back to its highest point in the crypto market according to the EOS forecast, then investors who choose to invest with EOS will profit highly. Based on the positive price predictions of market experts above, it’s easy to gain interest in the long term potential of EOS.
Should the EOS forecast by CoinSwitch and the future price EOS is expected to enjoy based on Smartereum turn out correct, investors would have made their most profitable investment in crypto history. Whether or not EOS turns out to be a good choice for investment depends solely on what the investor is looking for in the market, their risk level, and just how much they are willing to invest in the cryptocurrency.
What does the EOS future look like?
While various market experts have efficiently predicted and offered their thoughts on the EOS price prediction in the financial market, it is clear that while half the market experts believe in EOS rising in terms of price; the other half believe there is no long term outlook to be found in EOS cryptocurrency. These experts suggest selling off your holdings as it might be the best decision you could make right now.
Despite all of this, it is pertinent to remember that decentralized applications have a great platform to develop on the EOS network. It is also one of the fastest networks in the crypto world and there are no charges whatsoever attached to transactions in the network. The launching of a new social network on the platform called ‘Voice’ is much anticipated and might launch EOS to greater heights when released.
Some people believe that the network might be centralized contrary to its claims of decentralization. This is because of the consideration of adding market interest rates to the market which is similar to the system used by the US Treasury securities.
Also, the EOS security is under question. This is due to the recent actions on the network where a hacker successfully made away with 30000 EOS which is equivalent to 110000 in USD which happened in 2018 also. The future of EOS doesn’t look necessarily bright but neither is it clear. These uncertainties are made clear in the price predictions which ranges from gloomy to enthusiastic.
Final verdict on EOS price prediction
It is important to apply caution when considering that most EOS price predictions are based on various crypto prediction sites in the world. No one can accurately tell the future of any coin but it can be agreed that most analysts agree about the future of EOS looking positive. The value of EOS also seems to be on a continual increase based on these forecasts.
High trading volume on CMC
There are various motivations for these positive predictions; one of which is how high the cryptocurrency rates in the CoinMarketCap and its high trading volume. The level of interest EOS has garnered since its inception is also an indicator of its profitability in the long term. With the confirmation of thousands of transactions per second; the usefulness of EOS on decentralized applications is bound to increase over the years.
It is important however to carry out personal research before choosing to invest in any cryptocurrencies instead of relying completely on the EOS forecast. But if you’re interested, you can buy this coin at various cryptocurrency exchange sites. Based on the technical analysis of EOS cryptocurrency price however, the future does look bright for this coin.
Future plans and implications
Plans are readily underway to create a Universal Resource Inheritance (URI) that is designed to construct the groundwork for a 4% inflation which was mentioned within the white paper. Huobi Pool has also publicized its intention to introduce a devoted exchange to EOS.
This is announced to come right after its partnership with the EOS community to develop a test chain for EOS (Crypto Kylin Testnet) which will be a platform for testing projects. Huobi pool was completely in charge of creating a platform where the EOS community can vote. This will bring more consciousness about node elections to the community.
EOS price observers signify that the EOS price looks to be increasing in value in the long-term when a 5-year investment is made. This implies that by 2025, EOS price would be around $106.77 and we can view this as a top bullish enthusiastic forecast.
In the years to come, EOS as a crypto coin will earn its usability index and also be globally accepted. With its continuous hard work on decentralized blockchain platforms, it has become increasingly famous amongst developers. This makes them interested in checking out additional platforms that are running within this technology.