- EOS price prediction is positive both in the short-term and the long-term.
- EOS gradually becoming a leader in the decentralized applications industry.
- EOS has the potential to range between $10 and $14 by the end of 2019.
- Extrapolating 2019’s price prediction, we find that EOS could trade between $20 and $30 by December 2020.
Table of Contents:
- Project Overview
- Is EOS a Worthy Competitor to Ethereum?
- Glancing Ahead
- EOS Price Prediction 2019 – Publications and Expert Take
- For 2020
- Next 5 Years
- EOS Frequently Asked Questions (FAQs)
|Market Cap||24 Hour Volume||24 Hour Change|
EOS teeters around $4.16 at the time of writing. It has corrected lower 3% in the last 24 hours. However, it has gained ground against Bitcoin to post a 1.20% loss. The price opened the day’s trading at $4.27. It soared to highs around $4.38 while on the downside it has touched a low at $4.2094. With a market capitalization of $3.9 billion EOS is ranked the eighth largest cryptocurrency on the market. In the last 24-hours, $1.6 billion exchanged hands according to the data on CoinMarketCap.
EOS has a total supply of 1,021,875,787 EOS tokens while 925,175,782 EOS are currently in circulation. EOS is heavily bought and sold on OKEx cryptocurrency exchange utilizing EOS/USDT trading pair. The exchange commanded 5.87% of the entire trading volume, precisely exchanging $98,248,834. It is trailed by BW.com where $70,125,810 was exchanged using EOS/USDT trading pair. DigiFinex comes in third, with the same trading pair at $68,052,962.
In other related news, MinerGate has grown its service scope and portfolio with the aim of becoming an EOS block producer. Moreover, Lumi wallet signed an agreement to have its users stake and vote within the EOS ecosystem.
EOSIO, one of the most ambitious cryptocurrency projects describes itself as the next-generation and open-source protocol. During its initial development stages, cryptocurrency enthusiast referred to it as the ‘Ethereum killer.’ However, we will confirm this claim as we go along in this discussion.
EOS was introduced to the market via an initial coin offering (ICO) in June 2017. The ICO took a year to complete becoming the longest in the market. According to the white paper, EOS intends to be a blockchain network that supports millions of transaction per second. At the same time, transacting at zero fees and leading the industry in terms of decentralized applications deployment.
Like Ethereum, EOS is a smart contract building platform specializing in blockchain-based systems that support the creation of commercial-scale dApps using the EOSIO protocol. EOSIO blockchain protocol is developed by Block.one, a global leader in high-performance blockchain software.
EOSIO was released on the market in June 2018. Nonetheless, development is still ongoing to ensure the network is optimized the ease of development of “enterprise-level blockchain solutions.” The website describes EOSIO as:
“A blockchain platform designed for the real world. Built for both public and private use cases, EOSIO is customizable to suit a wide range of business needs across industries with rich role-based security permissions, industry-leading speeds, and secure application processing.”
EOS network offers the cryptocurrency industry scalability and speed to achieve latency and throughput in transactions. Zero transaction fees make the network cost-effective through resource optimization. Because we are living in a modern world EOS is eco-friendly, sustainable and energy-efficient.
Is EOS A Worthy Competitor to Ethereum?
EOS is gradually rising to become the preferred platform for decentralized applications development in the industry. For instance, among the top 30 dApps, 13 of them are built on EOS. Ethereum’s ongoing upgrade appears to be pushing developers to other protocols like Tron (TRX) and EOS. Some of the largest and most interactive dApps on EOS protocol include EOS Knights, BetDice, ITAM Games, BigGame and Dragon Option among others.
In the latest blockchain rankings released by the Chinese government, EOS maintained the first spot. China’s Center for Information and Industry Development ranked 35 blockchain projects. Tron (TRX) came second on the list while Ethereum settled for the third position. EOS had the highest score at 148.5, Tron at 144.1 and Ethereum had 136.6.
In regards to future developments, EOS plans the introduction of Asynchronous Byzantine fault-tolerant (abFT) by 2019. This will see the irreversibility of time improved by permitting BPs to communicate with each other directly. To stay in line with the white paper Block.one intends to build a Universal Resource Inheritance (URI). The URI will form the basis of the 4% inflation as stated in the white paper.
Moreover, Huobi one of the leading cryptocurrency exchanges is currently working on the release of a dedicated exchange to EOS. A collaboration between the EOS community and Huobi will birth Crypto Kylin Testnet; a platform for testing blockchain projects. Huobi is also working on a voting platform to ensure that the EOS community is aware of node elections.
EOS Price Prediction 2019 – Publications and Expert Take
Cryptocurrency performance in 2019 has been strikingly phenomenon. Following the lows reached in December 2019, the market got a mega boost in the first and second quarter of 2019. However, at the moment, volatility is extremely high making predictions a hard nut to crack. In this section, we will explore what other publications and personalities say regarding EOS prediction.
Have a look at: Ripple Forecast: Projected Analysis of 2019 & 2020
According to CoinSwitch, EOS is a great platform for developers to build commercial-based decentralized applications. The value of EOS depends greatly on its technology and what it will continue to offer to developers. CoinSwitch shows its optimism for EOS price saying:
“EOS can touch $15 by 2019. Business Insider predicts that EOS is going to evolve as the most formidable ICO in the Ethereum network. The EOS crowd sale and scalability makes it one of the five most significant tokens, as per the market capitalization.”
In its forecast for EOS price, Digital coin predicts that EOS will rise up to $7.68 by the end of 2019. The platform uses historical data to provide a month-over-month prediction for EOS as observed on the chart below. The highest price for EOS in December 2019 would be $8.05 compared to the current price of $4.16.
WalletInvestor is strongly bearish for EOS price prediction beginning 2019 and even five years to come. Prediction experts at WalletInvestor see EOS having a gradual but steady fall in price both for the short-term and long-term.
The experts at Changelly believe that EOS trend will mostly follow the general market behavior. However, because of the coin’s unique features and advantages, it is likely that it will stand out among the rest. Changelly says EOS position in the decentralized applications industry will contribute to its growth as the industry grows. EOS has the potential of growing to $14 by the end of 2019, the price it exchanged hands at in February 2018. Changelly does not expect EOS to rise to $500 in 2020 but it is positive that there will be significant growth.
EOS Price Prediction [Updated]
EOS has been in a downtrend since mid-2018. The price broke below horizontal support with respect to BTC during the Bitcoin Halving pump. It has been in consolidation since then, whether bearish or bullish, it is uncertain. The levels of support and resistance are marked by the trendline. The support is somewhere around 0.00013-0.00015 BTC while the resistance is around 0.0003-0.00033 BTC.
Moreover, this is hurting the sentiments of the investors, because other altcoins including Ethereum are taking bullish strides. This relative loss on assets with equitable risk prompts investors to move to other cryptocurrencies.
However, EOS has had a tendency to delay its price action. In 2018, while most altcoins were in a bearish trend, it made new ATH around April. Although the trend from point onwards has been bearish.
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EOS Price Prediction 2020
The performance of EOS in 2020 is likely to be brighter than its picture in 2019. The entire cryptocurrency market is expected to perform much better in 2020. Therefore, extrapolating 2019’s price prediction, we find that EOS could trade between $20 and $30 by December 2020. However, some websites like Tradingbeasts.com place EOS price by the end of 2020 at $16. On the other hand, Theoofy.com predicts that EOS will trade at $22 in 2020. In another scenario, the publication says that EOS could stick between $7 and $9 in the same period.
Despite the varied predictions, the majority feel that EOS will at least grow in value. Therefore, we can say that EOS is a good investment both in the short-term and in the long-term.
EOS Price Prediction for 2020 [Updated]
The descending triangle on EOS has maintained the bearish outlook on the cryptocurrency since topping out in 2018. The possible trading options towards the end of the year will strongly depend on the resolution from the triangle.
By Q4 or massive volatility caused by Bitcoin, we can expect support and resistance sweep by the next 6-8 weeks. Whether or not a break-out occurs is still unclear, the inclination of which is bearish for now. The horizontal support is at $2.1 and the resistance, at the moment, is around the 50-period EMA (Exponential Moving Average) at $3.1.
EOS Price Prediction in the Next 5 Years
As already discussed, EOS has immense potential for growth in both the short-term (end of 2019) and the long-term (towards 2025). CoinSwitch predicts that in the next five years, EOS will be valued at $106.77. This is an extremely bullish prediction but achievable while supported by dApps industry growth, general crypto market growth as well as EOS technology growth coupled with token adoption around the world. Another factor that is likely to contribute immensely to EOS growth is its ability to rise above Ethereum and Tron competition. This will accord its massive support from the development arena, further pushing it towards mass acceptance and adoption.
EOS Price Prediction [Updated]
EOS Price Prediction for 2021
The break-out from the triangle by the end of 2021 will determine the momentum in the cryptocurrency’s price in early 2021. The previous highs at $5.4, $8.6 and $23 will be the resistance levels for the bulls. A break-out below could target the support of the initial price discovery phase in 2018 around $0.5.
EOS Price Prediction for 2022
The monthly chart on EOS reveals that $2.16 is critical support for the bulls. While the support from the bottom is still intact, a series of lower highs from the top is again a worrying signal for the investors.
Like most altcoins in the crypto market, the early rise in EOS was quick and astronomical resembling the ending phase of a Hyperwave. Hence, the resolution of the Hyperwave would suggest a retest of accumulation levels at $0.7. It requires a monthly close above $4.2 (a higher high on the monthly chart) to establish bullish outlooks.
EOS Price Prediction for 2025
The five-year price prediction for EOS depends on a lot of factors. In 2019, after a considerable euphoric build up, Block.one announced the ‘Voice’ social media platform. On 4th July, this year, the team launched the decentralized social media platform. The price has seen a minor uptrend in July, but it could also be due to the positive momentum in altcoins.
Even in early 2019, EOS was the top-performing cryptocurrency with top rankings across many assessments by the Chinese Government and private organizations. However, numerous competitors are leading the market, as EOS continues to lose market share. Their bet on the social media platform does not seem to be playing out as intended. Moreover, they have invested a lot of time and money (about $150 million) on it.
The team is also pushing to implement enterprise blockchain solutions on EOSIO in Latin America. This could act as a catalyst for a bullish reversal. The time for which, however, seems to be running out. While cryptocurrencies are still in the early phase, EOS is lagging behind on network effect with the competitors.
EOS Frequently Asked Questions (FAQs)
What is the market value for EOS today (July 30, 2019)?
Is EOS going to drop in price?
Will EOS hit $10?
What is the current price of EOS?
Where can I buy EOS Tokens?
You can also stake EOS on an exchange like Binance.
Will EOSIO survive?
However, competitors like Tezos, Ethereum, Tron and so on pose a huge business risk for the investors.
Will EOS reach $1,000?
A $1,000 valuation for EOS would require a gain of 40 times from previous ATH. Given the currency scale of things, it looks far-fetched. The supply of EOS is roughly 1 billion; hence, a trillion-dollar valuation would require an avalanche use-case for EOS like the iPhone. Nevertheless, it could look to compete with Ethereum which has a current market capitalization north of $30 billion.
Can EOS beat Ethereum?
Can the EOS protocol crash?
What will be EOS price in 2020?
What will be EOS value in 2025?
EOS Latest Price Analysis